OGE Energy Corporation (NYSE:OGE) Receives $47.63 Average Price Target from Brokerages

OGE Energy Corporation (NYSE:OGE) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $47.6250.

Several research firms have weighed in on OGE. UBS Group cut their price objective on OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 24th. BMO Capital Markets initiated coverage on OGE Energy in a research report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price target on the stock. Mizuho set a $49.00 price target on OGE Energy in a research note on Thursday, February 19th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of OGE Energy in a research report on Friday, January 23rd.

Insider Transactions at OGE Energy

In other OGE Energy news, CAO Sarah R. Stafford sold 6,130 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $47.77, for a total transaction of $292,830.10. Following the completion of the transaction, the chief accounting officer owned 28,559 shares of the company’s stock, valued at approximately $1,364,263.43. This trade represents a 17.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lyle G. Ganske bought 10,420 shares of the stock in a transaction dated Monday, February 23rd. The shares were acquired at an average price of $47.99 per share, with a total value of $500,055.80. Following the completion of the acquisition, the director directly owned 10,420 shares of the company’s stock, valued at approximately $500,055.80. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.55% of the company’s stock.

Institutional Trading of OGE Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC increased its position in OGE Energy by 1,160.8% during the 1st quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider’s stock valued at $4,365,000 after buying an additional 87,433 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in OGE Energy by 54.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider’s stock valued at $47,966,000 after buying an additional 367,960 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in OGE Energy by 4.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 560,664 shares of the utilities provider’s stock worth $25,768,000 after acquiring an additional 23,051 shares in the last quarter. Focus Partners Wealth boosted its holdings in OGE Energy by 7.5% in the first quarter. Focus Partners Wealth now owns 9,145 shares of the utilities provider’s stock worth $420,000 after acquiring an additional 637 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of OGE Energy by 241.1% in the second quarter. Hantz Financial Services Inc. now owns 3,640 shares of the utilities provider’s stock worth $162,000 after acquiring an additional 2,573 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Trading Down 0.0%

NYSE:OGE opened at $48.24 on Wednesday. The company has a 50-day moving average price of $44.88 and a 200-day moving average price of $44.74. OGE Energy has a 12 month low of $40.80 and a 12 month high of $49.55. The company has a current ratio of 0.78, a quick ratio of 0.49 and a debt-to-equity ratio of 1.08. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 3.46 and a beta of 0.61.

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

OGE Energy Announces Dividend

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

OGE Energy Company Profile

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.