Zacks Research Forecasts OGE Energy's Q4 Earnings (NYSE:OGE)

Key Points

• Zacks Research lowered OGE Energy’s Q4 2027 EPS forecast to $0.60 from $0.61; analysts estimate full-year earnings of $2.42 per share.
• OGE Energy’s latest quarter slightly beat expectations with EPS of $0.56 versus $0.55, although revenue fell 4% year over year to $711.9 million.
• The stock has a “Moderate Buy” consensus rating with an average price target of $49.73, while OGE raised its quarterly dividend to $0.4288 per share, yielding about 3.8%.

OGE Energy Corporation (NYSE:OGE - Free Report) - Investment analysts at Zacks Research decreased their Q4 2027 earnings per share (EPS) estimates for shares of OGE Energy in a research report issued on Thursday, October 1st. Zacks Research analyst Team now anticipates that the utilities provider will post earnings of $0.60 per share for the quarter, down from their prior forecast of $0.61. 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 Q3 2028 earnings at $1.05 EPS.

OGE Energy (NYSE:OGE - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates 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% compared to the same quarter last year.

A number of other equities research analysts have also issued reports on OGE. JPMorgan Chase & Co. cut their price target 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. Argus reaffirmed a "buy" rating on shares of OGE Energy in a research note on Wednesday, September 16th. Scotiabank assumed coverage on shares of OGE Energy in a report on Tuesday, September 29th. They set a "sector outperform" rating and a $49.00 target price for the company. Royal Bank Of Canada raised OGE Energy from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $50.00 to $54.00 in a research note on Wednesday, September 2nd. Finally, BMO Capital Markets reduced their price target on OGE Energy from $50.00 to $49.00 and set a "market perform" rating on the stock in a report on Wednesday, July 22nd. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, OGE Energy has an average rating of "Moderate Buy" and an average target price of $49.73.

OGE Energy Stock Down 0.1%

Shares of NYSE OGE opened at $45.30 on Monday. The firm's fifty day moving average is $46.43 and its 200 day 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 quick ratio of 0.47, a current ratio of 0.77 and a debt-to-equity ratio of 1.12. The company has a market cap of $9.36 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 2.98 and a beta of 0.50.

Institutional Investors Weigh In On OGE Energy

A number of large investors have recently modified their holdings of OGE. BlackRock Inc. bought a new position in OGE Energy in the second quarter worth about $1,277,554,000. State Street Corp lifted its holdings in OGE Energy by 2.8% in the second quarter. State Street Corp now owns 7,226,476 shares of the utilities provider's stock worth $351,640,000 after buying an additional 198,593 shares during the period. Clearbridge Investments LLC boosted its position in OGE Energy by 8.3% during the 4th quarter. Clearbridge Investments LLC now owns 6,240,594 shares of the utilities provider's stock valued at $266,473,000 after acquiring an additional 479,278 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in OGE Energy by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,688,307 shares of the utilities provider's stock valued at $128,931,000 after acquiring an additional 24,529 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of 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 acquiring an additional 304,100 shares during the period. Institutional investors own 71.84% of the company's stock.

Insider Transactions at OGE Energy

In other OGE Energy news, SVP Donnie Jones sold 6,508 shares of the company's stock in a transaction on Thursday, August 27th. The shares were 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 directly owned 40,555 shares in the company, valued at approximately $1,869,991.05. This represents a 13.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.57% of the company's stock.

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 given a dividend of $0.4288 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, October 5th. This is an increase from OGE Energy's previous quarterly dividend of $0.4250. OGE Energy's payout ratio 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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