OGE Energy (NYSE:OGE) Coverage Initiated at JPMorgan Chase & Co.

Investment analysts at JPMorgan Chase & Co. began coverage on shares of OGE Energy (NYSE:OGE) in a note issued to investors on Friday, MarketBeat.com reports. The firm set an “overweight” rating and a $52.00 price target on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 12.74% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 24th. Royal Bank Of Canada restated a “sector perform” rating on shares of OGE Energy in a research report on Friday, January 23rd. Mizuho set a $49.00 target price on OGE Energy in a research note on Thursday, February 19th. BMO Capital Markets assumed coverage on OGE Energy in a research report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 target price on the stock. Finally, UBS Group dropped their price target on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Six 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $48.11.

OGE Energy Stock Down 2.6%

OGE opened at $46.13 on Friday. OGE Energy has a fifty-two week low of $40.80 and a fifty-two week high of $49.55. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.49 and a current ratio of 0.78. The company has a fifty day moving average of $45.88 and a two-hundred day moving average of $44.93. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 3.31 and a beta of 0.61.

OGE Energy (NYSE:OGE) last posted its earnings results on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping 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 business had revenue of $725.80 million for the quarter, compared to analyst estimates of $277.80 million. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. On average, research analysts expect that OGE Energy will post 2.27 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Sarah R. Stafford sold 6,130 shares of OGE Energy stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $47.77, for a total value of $292,830.10. Following the sale, the chief accounting officer directly owned 28,559 shares of the company’s stock, valued at $1,364,263.43. The trade was a 17.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lyle G. Ganske purchased 10,420 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were purchased at an average price of $47.99 per share, with a total value of $500,055.80. Following the completion of the transaction, the director directly owned 10,420 shares of the company’s stock, valued at $500,055.80. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 0.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On OGE Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital A Wealth Management LLC raised its position in shares of OGE Energy by 5,157.1% in the second quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock valued at $33,000 after buying an additional 722 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of OGE Energy by 49.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock worth $36,000 after buying an additional 255 shares in the last quarter. State of Wyoming acquired a new position in OGE Energy during the second quarter worth about $34,000. Quest 10 Wealth Builders Inc. boosted its position in OGE Energy by 618.3% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 674 shares during the last quarter. Finally, Clearstead Advisors LLC grew its stake in OGE Energy by 96.2% during the 4th quarter. Clearstead Advisors LLC now owns 881 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 432 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

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.