OGE Energy (NYSE:OGE) Reaches New 12-Month High – Time to Buy?

OGE Energy Corporation (NYSE:OGE)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $48.21 and last traded at $47.7730, with a volume of 50839 shares trading hands. The stock had previously closed at $47.35.

Analyst Upgrades and Downgrades

OGE has been the subject of several analyst reports. BMO Capital Markets initiated coverage on OGE Energy in a report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 target price for the company. Wells Fargo & Company raised their target price on shares of OGE Energy from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Wall Street Zen raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 24th. Mizuho set a $49.00 price objective on shares of OGE Energy in a research note on Thursday, February 19th. Finally, Barclays reduced their target price on OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.63.

OGE Energy Stock Performance

The company has a 50 day moving average of $43.96 and a two-hundred day moving average of $44.54. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.78 and a quick ratio of 0.49. The company has a market capitalization of $9.99 billion, a PE ratio of 20.96, a PEG ratio of 3.44 and a beta of 0.62.

OGE Energy (NYSE:OGE) last announced its earnings results on Wednesday, February 18th. The utilities provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $725.80 million for the quarter, compared to analysts’ expectations of $277.80 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 EPS. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. As a group, equities research analysts predict that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Monday, April 6th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Monday, April 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.5%. OGE Energy’s dividend payout ratio (DPR) is currently 73.59%.

Insider Activity

In related news, Director Lyle G. Ganske purchased 10,420 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were purchased at an average cost of $47.99 per share, with a total value of $500,055.80. Following the transaction, the director directly owned 10,420 shares in the company, valued at $500,055.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.53% of the company’s stock.

Institutional Trading of OGE Energy

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of OGE Energy by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 21,500,675 shares of the utilities provider’s stock valued at $918,079,000 after buying an additional 304,080 shares during the last quarter. State Street Corp increased its holdings in OGE Energy by 1.8% in the 4th quarter. State Street Corp now owns 6,713,937 shares of the utilities provider’s stock worth $286,685,000 after buying an additional 117,977 shares in the last quarter. Boston Partners lifted its stake in OGE Energy by 0.5% during the 3rd quarter. Boston Partners now owns 6,279,360 shares of the utilities provider’s stock valued at $290,530,000 after acquiring an additional 31,138 shares during the period. Clearbridge Investments LLC boosted its holdings in OGE Energy by 8.3% in the fourth quarter. Clearbridge Investments LLC now owns 6,240,594 shares of the utilities provider’s stock worth $266,473,000 after purchasing an additional 479,278 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of OGE Energy by 103.2% in the fourth quarter. Morgan Stanley now owns 4,628,210 shares of the utilities provider’s stock worth $197,625,000 after acquiring an additional 2,350,574 shares during the period. 71.84% of the stock is owned by hedge funds and other institutional investors.

About OGE Energy

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.