Scotiabank Estimates OGE Energy's FY2026 Earnings (NYSE:OGE)

Key Points

• Scotiabank forecasts OGE Energy to earn $2.42 per share in FY2026 and $2.66 in FY2027, maintaining a “Sector Outperform” rating and a $49 price target.
• OGE Energy’s latest quarterly results modestly exceeded expectations, with EPS of $0.56 versus the $0.55 consensus, though revenue declined 4% year over year to $711.9 million.
• The company raised its quarterly dividend to $0.4288 per share, equivalent to an annualized $1.72 payout and a 3.8% yield; analysts collectively hold a “Moderate Buy” consensus rating with a $49.73 target price.

OGE Energy Corporation (NYSE:OGE - Free Report) - Investment analysts at Scotiabank issued their FY2026 earnings estimates for OGE Energy in a research note issued on Thursday, October 1st. Scotiabank analyst I. Rapp anticipates that the utilities provider will post earnings per share of $2.42 for the year. Scotiabank has a "Sector Outperform" rating and a $49.00 price target on the stock. The consensus estimate for OGE Energy's current full-year earnings is $2.42 per share. Scotiabank also issued estimates for OGE Energy's FY2027 earnings at $2.66 EPS.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $711.90 million for the quarter, compared to analysts' expectations of $782.73 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The company's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada upgraded OGE Energy from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $50.00 to $54.00 in a research note on Wednesday, September 2nd. Barclays upped their price objective on OGE Energy from $51.00 to $52.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 14th. Morgan Stanley cut their price objective on OGE Energy from $49.00 to $46.00 and set an "equal weight" rating for the company in a report on Friday, September 18th. Argus reissued a "buy" rating on shares of OGE Energy in a research note on Wednesday, September 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of OGE Energy from $55.00 to $54.00 and set an "overweight" rating on the stock in a report on Wednesday, September 9th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.73.

OGE Energy Stock Performance

OGE opened at $45.30 on Monday. The business's 50-day simple moving average is $46.43 and its 200 day simple moving average is $47.46. 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. The firm has a market capitalization of $9.36 billion, a PE ratio of 19.96, a PEG ratio of 2.98 and a beta of 0.50.

OGE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Monday, October 5th will be issued a dividend of $0.4288 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $1.72 annualized dividend and a yield of 3.8%. This is a positive change from OGE Energy's previous quarterly dividend of $0.4250. OGE Energy's payout ratio is 74.89%.

Insider Transactions at OGE Energy

In other OGE Energy news, SVP Donnie Jones sold 6,508 shares of OGE Energy stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $46.11, for a total transaction of $300,083.88. Following the completion of the transaction, the senior vice president directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in OGE Energy during the second quarter worth approximately $1,277,554,000. State Street Corp grew its position in shares of OGE Energy by 2.8% in the second quarter. State Street Corp now owns 7,226,476 shares of the utilities provider's stock valued at $351,640,000 after purchasing an additional 198,593 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of OGE Energy by 8.3% during the fourth quarter. Clearbridge Investments LLC now owns 6,240,594 shares of the utilities provider's stock worth $266,473,000 after purchasing an additional 479,278 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of OGE Energy by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,688,307 shares of the utilities provider's stock worth $128,931,000 after purchasing an additional 24,529 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in OGE Energy by 13.7% during the 4th quarter. Bank of New York Mellon Corp now owns 2,523,364 shares of the utilities provider's stock worth $107,748,000 after purchasing an additional 304,100 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

OGE Energy Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.