Q3 Earnings Estimate for OGE Energy Issued By Zacks Research

Key Points

• Zacks Research raised OGE Energy’s Q3 2026 EPS estimate to $1.03 from $1.02; analysts’ consensus full-year earnings estimate is $2.42 per share.
• Analyst sentiment remains mixed, with five Buy ratings and six Holds, producing a consensus “Hold” rating and $49.90 target price.
• OGE Energy recently reported quarterly EPS of $0.56, beating estimates by $0.01, while revenue fell 4% year over year to $711.9 million. Institutional investors own 71.84% of the stock.

OGE Energy Corporation (NYSE:OGE - Free Report) - Stock analysts at Zacks Research raised their Q3 2026 EPS estimates for shares of OGE Energy in a research report issued to clients and investors on Thursday, September 3rd. Zacks Research analyst Team now expects that the utilities provider will post earnings per share of $1.03 for the quarter, up from their previous forecast of $1.02. The consensus estimate for OGE Energy's current full-year earnings is $2.42 per share. Zacks Research also issued estimates for OGE Energy's Q1 2027 earnings at $0.35 EPS, Q2 2027 earnings at $0.58 EPS, Q3 2027 earnings at $1.06 EPS, Q4 2027 earnings at $0.61 EPS, Q1 2028 earnings at $0.49 EPS and Q2 2028 earnings at $0.62 EPS.

Other analysts have also recently issued research reports about the company. LADENBURG THALM/SH SH raised their price target on OGE Energy from $42.50 to $47.00 and gave the company a "neutral" rating in a report on Monday, May 11th. BMO Capital Markets cut their price objective on OGE Energy from $50.00 to $49.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. Barclays upped their price objective on shares of OGE Energy from $51.00 to $52.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. Morgan Stanley lowered their target price on shares of OGE Energy from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Friday, August 21st. Finally, Royal Bank Of Canada upgraded shares of OGE Energy from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $50.00 to $54.00 in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, OGE Energy presently has a consensus rating of "Hold" and a consensus target price of $49.90.

OGE Energy Price Performance

NYSE:OGE opened at $46.88 on Friday. OGE Energy has a 52-week low of $41.69 and a 52-week high of $50.59. The stock has a fifty day moving average of $47.76 and a 200 day moving average of $47.78. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.77. The firm has a market capitalization of $9.68 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 3.05 and a beta of 0.52.

OGE Energy (NYSE:OGE - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The firm had revenue of $711.90 million for the quarter, compared to analysts' expectations of $782.73 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The business's quarterly revenue was down 4.0% on a year-over-year basis.

Hedge Funds Weigh In On OGE Energy

Several institutional investors have recently modified their holdings of OGE. Corient Private Wealth LP lifted its position in OGE Energy by 14.2% in the 2nd quarter. Corient Private Wealth LP now owns 253,904 shares of the utilities provider's stock worth $12,355,000 after buying an additional 31,632 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in OGE Energy in the second quarter worth approximately $4,701,000. California State Teachers Retirement System grew its position in OGE Energy by 4,758.9% during the second quarter. California State Teachers Retirement System now owns 11,614,315 shares of the utilities provider's stock valued at $565,153,000 after acquiring an additional 11,375,283 shares during the last quarter. Greenland Capital Management LP grew its position in OGE Energy by 187.3% during the second quarter. Greenland Capital Management LP now owns 74,700 shares of the utilities provider's stock valued at $3,635,000 after acquiring an additional 48,700 shares during the last quarter. Finally, Operose Advisors LLC purchased a new position in shares of OGE Energy during the second quarter worth approximately $26,000. 71.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other OGE Energy news, SVP Donnie Jones sold 6,508 shares of OGE Energy stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $46.11, for a total transaction of $300,083.88. Following the completion of the sale, the senior vice president owned 40,555 shares of the company's stock, valued at $1,869,991.05. The trade was a 13.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is owned by insiders.

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.

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