OGE Energy Corporation (NYSE:OGE) Receives Average Rating of “Moderate Buy” from Analysts

OGE Energy Corporation (NYSE:OGE) has been given an average rating of “Moderate Buy” by the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $48.1111.

OGE has been the subject of several research reports. BMO Capital Markets assumed coverage on OGE Energy in a research note on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price objective for the company. Mizuho set a $49.00 target price on OGE Energy in a research report on Thursday, February 19th. JPMorgan Chase & Co. assumed coverage on OGE Energy in a report on Friday, March 20th. They set an “overweight” rating and a $52.00 target price for the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of OGE Energy in a research report on Friday, January 23rd. Finally, UBS Group dropped their price target on OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th.

OGE Energy Stock Down 0.3%

OGE stock opened at $47.53 on Friday. OGE Energy has a 12 month low of $40.80 and a 12 month high of $49.55. The firm has a market cap of $9.80 billion, a PE ratio of 20.58, a P/E/G ratio of 3.40 and a beta of 0.61. The firm has a 50 day simple moving average of $46.28 and a 200 day simple moving average of $45.04. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.78 and a quick ratio of 0.49.

OGE Energy (NYSE:OGE) last issued its earnings results on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $725.80 million during 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 firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. Equities research analysts forecast that OGE Energy will post 2.27 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Monday, April 6th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, April 6th. OGE Energy’s dividend payout ratio (DPR) is 73.59%.

Insider Buying and Selling

In related news, CAO Sarah R. Stafford sold 6,130 shares of the company’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 value of $292,830.10. Following the completion of the sale, the chief accounting officer owned 28,559 shares in the company, valued at approximately $1,364,263.43. This represents a 17.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lyle G. Ganske acquired 10,420 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was purchased at an average cost of $47.99 per share, with a total value of $500,055.80. Following the purchase, the director directly owned 10,420 shares in the company, valued at approximately $500,055.80. This trade 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 insiders.

Institutional Trading of OGE Energy

A number of hedge funds have recently modified their holdings of the business. Millennium Management LLC boosted its position in shares of OGE Energy by 1,160.8% in the first quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider’s stock worth $4,365,000 after buying an additional 87,433 shares during the period. Goldman Sachs Group Inc. lifted its stake in OGE Energy by 54.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider’s stock worth $47,966,000 after acquiring an additional 367,960 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in OGE Energy by 4.3% in the 1st 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 position in OGE Energy by 7.5% during the 1st quarter. Focus Partners Wealth now owns 9,145 shares of the utilities provider’s stock worth $420,000 after acquiring an additional 637 shares during the period. Finally, MAI Capital Management boosted its position in OGE Energy by 17.1% during the 2nd quarter. MAI Capital Management now owns 3,143 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 458 shares during the period. Hedge funds and other institutional investors 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.