Zacks Research Estimates OGE Energy's Q1 Earnings (NYSE:OGE)

Key Points

• Zacks Research lowered its Q1 2027 EPS estimate for OGE Energy to $0.32 from $0.35, while analysts expect full-year earnings of $2.45 per share.
• Analyst sentiment remains mixed, with five Buy ratings and seven Holds; OGE has an overall consensus rating of Hold and an average price target of $49.
• OGE increased its quarterly dividend to $0.4288 per share, equivalent to an annualized $1.72 payout and a 3.5% yield.

OGE Energy Corporation (NYSE:OGE - Free Report) - Stock analysts at Zacks Research reduced their Q1 2027 earnings per share (EPS) estimates for shares of OGE Energy in a research report issued on Monday, October 26th. Zacks Research analyst Team now expects that the utilities provider will earn $0.32 per share for the quarter, down from their prior forecast of $0.35. The consensus estimate for OGE Energy's current full-year earnings is $2.45 per share. Zacks Research also issued estimates for OGE Energy's Q3 2027 earnings at $1.16 EPS, Q4 2027 earnings at $0.54 EPS, Q1 2028 earnings at $0.48 EPS and FY2028 earnings at $2.82 EPS.

OGE has been the topic of several other reports. BMO Capital Markets reduced their price objective on OGE Energy from $50.00 to $49.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. Morgan Stanley increased their target price on shares of OGE Energy from $46.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 21st. Royal Bank Of Canada upgraded shares of 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 report on Wednesday, September 2nd. JPMorgan Chase & Co. reduced their price target on shares of OGE Energy from $55.00 to $54.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 9th. Finally, Barclays reaffirmed an "equal weight" rating and set a $48.00 price target (down from $52.00) on shares of OGE Energy in a research report on Monday, October 19th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $49.00.

OGE Energy Stock Performance

Shares of NYSE:OGE opened at $48.51 on Tuesday. The firm has a market capitalization of $10.02 billion, a PE ratio of 21.37, a P/E/G ratio of 3.15 and a beta of 0.50. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.77 and a quick ratio of 0.47. The business has a 50-day moving average of $46.35 and a two-hundred day moving average of $46.96. OGE Energy has a 12 month low of $41.69 and a 12 month high of $50.59.

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

Institutional Investors Weigh In On OGE Energy

A number of hedge funds have recently bought and sold shares of OGE. Norris Perne & French LLP MI bought a new stake in OGE Energy in the third quarter valued at about $240,000. Signaturefd LLC lifted its holdings in OGE Energy by 67.6% during the 3rd quarter. Signaturefd LLC now owns 5,492 shares of the utilities provider's stock worth $249,000 after buying an additional 2,216 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in shares of OGE Energy by 73.0% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 18,425 shares of the utilities provider's stock worth $837,000 after acquiring an additional 7,774 shares in the last quarter. Tectonic Advisors LLC grew its position in shares of OGE Energy by 41.5% in the 3rd quarter. Tectonic Advisors LLC now owns 22,439 shares of the utilities provider's stock worth $1,019,000 after acquiring an additional 6,579 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its position in shares of OGE Energy by 17.3% in the 3rd quarter. Capital Investment Advisors LLC now owns 5,613 shares of the utilities provider's stock worth $255,000 after acquiring an additional 829 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

Insider Activity at OGE Energy

In other OGE Energy news, SVP Donnie Jones sold 6,508 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $46.11, for a total value of $300,083.88. Following the completion of the transaction, the senior vice president owned 40,555 shares in the company, valued at $1,869,991.05. This represents a 13.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is currently owned by corporate insiders.

OGE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Monday, October 5th will be paid a dividend of $0.4288 per share. This is a boost from OGE Energy's previous quarterly dividend of $0.4250. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, October 5th. OGE Energy's payout ratio is presently 75.77%.

About OGE Energy

OGE Energy Corp. NYSE: OGE is an energy holding company headquartered in Oklahoma City, Oklahoma. Its principal subsidiary, Oklahoma Gas and Electric Company (OG&E), is a regulated electric utility that generates, transmits, distributes and sells electricity to residential, commercial and industrial customers.

OG&E serves customers across Oklahoma and in western Arkansas. Its operations include a diverse generation fleet and the infrastructure needed to deliver electricity, including transmission and distribution networks, customer service programs and energy-efficiency offerings.

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