Q3 Earnings Forecast for OGE Energy Issued By Zacks Research

Key Points

• Zacks Research raised OGE Energy’s Q3 2026 EPS forecast to $1.05 from $1.03, while analysts estimate full-year 2026 EPS at $2.42.
• OGE Energy’s latest quarterly results slightly beat expectations, with EPS of $0.56 versus $0.55 estimated, although revenue fell 4% year over year to $711.9 million.
• The company increased its quarterly dividend to $0.4288, or $1.72 annually, implying a 3.8% yield; analysts maintain a “Moderate Buy” consensus with a $49.73 price target.

OGE Energy Corporation (NYSE:OGE - Free Report) - Zacks Research raised their Q3 2026 earnings per share estimates for OGE Energy in a report issued on Thursday, October 1st. Zacks Research analyst Team now anticipates that the utilities provider will earn $1.05 per share for the quarter, up from their previous forecast of $1.03. 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 Q4 2026 earnings at $0.57 EPS and Q3 2027 earnings at $1.07 EPS.

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

Other equities analysts also recently issued reports about the stock. Wall Street Zen raised shares of OGE Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings reiterated a "buy (b)" rating on shares of OGE Energy in a research note on Friday, July 31st. Scotiabank initiated coverage on OGE Energy in a report on Tuesday. They issued a "sector outperform" rating and a $49.00 price objective for the company. Morgan Stanley lowered their target price on shares of OGE Energy from $49.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Friday, September 18th. Finally, JPMorgan Chase & Co. cut their price objective on OGE Energy from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday, September 9th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $49.73.

OGE Energy Price Performance

OGE stock opened at $45.72 on Friday. The firm has a market cap of $9.45 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.98 and a beta of 0.50. The firm's fifty day moving average is $46.52 and its 200 day moving average is $47.48. OGE Energy has a 52 week low of $41.69 and a 52 week high of $50.59. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.77.

Institutional Investors Weigh In On OGE Energy

A number of large investors have recently modified their holdings of OGE. BlackRock Inc. acquired a new position in shares of OGE Energy during the 2nd quarter worth about $1,277,554,000. Norges Bank purchased a new stake in shares of OGE Energy in the fourth quarter valued at approximately $119,028,000. Bank of New York Mellon Corp purchased a new stake in OGE Energy in the 2nd quarter valued at $102,382,000. Energy Income Partners LLC purchased a new position in shares of OGE Energy during the 2nd quarter worth $99,016,000. Finally, Cohen & Steers Inc. acquired a new position in OGE Energy in the 4th quarter valued at about $68,460,000. Hedge funds and other institutional investors own 71.84% of the company's stock.

Insider Activity

In related news, SVP Donnie Jones sold 6,508 shares of the company's stock in a transaction on 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 directly owned 40,555 shares in the company, valued at $1,869,991.05. This represents a 13.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.57% of the company's stock.

OGE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Monday, October 5th will be issued a $0.4288 dividend. The ex-dividend date is Monday, October 5th. This represents a $1.72 annualized dividend and a dividend yield of 3.8%. This is an increase from OGE Energy's previous quarterly dividend of $0.4250. OGE Energy's dividend payout ratio (DPR) is presently 74.89%.

About OGE Energy

OGE Energy Corp. NYSE: OGE is an energy holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas and Electric Company (OG&E), the company provides regulated electric utility services, including the generation, transmission, distribution and retail sale of electricity.

OG&E serves residential, commercial and industrial customers across Oklahoma and western Arkansas. Its operations include a portfolio of power-generation facilities and an electric transmission and distribution network supporting the communities and businesses within its service territory.

OGE Energy traces its utility operations to the founding of Oklahoma Gas and Electric in 1902.

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