Magellan Asset Management Ltd Buys Shares of 231,574 OGE Energy Corporation $OGE

Key Points

• Magellan Asset Management acquired 231,574 shares of OGE Energy in the second quarter, worth approximately $11.3 million and representing about 0.11% of the company. Institutional investors collectively own 71.84% of OGE’s stock.
• OGE Energy’s latest quarterly earnings slightly exceeded expectations, with EPS of $0.56 versus the $0.55 consensus estimate, although revenue fell 4% year over year to $711.9 million and missed analyst forecasts.
• Analysts maintain a generally cautious view: OGE has an average rating of “Hold” and a consensus price target of $49.60, while several firms recently lowered their targets and longer-term earnings estimates.

Magellan Asset Management Ltd bought a new stake in OGE Energy Corporation (NYSE:OGE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 231,574 shares of the utilities provider's stock, valued at approximately $11,268,000. Magellan Asset Management Ltd owned approximately 0.11% of OGE Energy at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Strs Ohio raised its stake in OGE Energy by 4.5% during the first quarter. Strs Ohio now owns 5,029 shares of the utilities provider's stock worth $241,000 after acquiring an additional 217 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in shares of OGE Energy by 3.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,740 shares of the utilities provider's stock valued at $323,000 after purchasing an additional 218 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in OGE Energy by 3.3% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,979 shares of the utilities provider's stock worth $323,000 after purchasing an additional 222 shares in the last quarter. Blair William & Co. IL increased its position in OGE Energy by 0.9% during the 3rd quarter. Blair William & Co. IL now owns 27,454 shares of the utilities provider's stock worth $1,270,000 after purchasing an additional 234 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in OGE Energy by 49.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 255 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

OGE Energy Trading Up 0.1%

NYSE OGE opened at $45.67 on Monday. The firm has a market capitalization of $9.43 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 3.38 and a beta of 0.53. The business's 50-day moving average price is $48.08 and its two-hundred day moving average price is $47.69. The company has a current ratio of 0.77, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. OGE Energy Corporation has a 12 month low of $41.69 and a 12 month high of $50.59.

OGE Energy (NYSE:OGE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.56 EPS for the quarter, topping 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 company had revenue of $711.90 million for the quarter, compared to analyst estimates of $782.73 million. During the same period in the previous year, the firm earned $0.53 earnings per share. The firm's quarterly revenue was down 4.0% on a year-over-year basis. On average, analysts expect that OGE Energy Corporation will post 2.42 EPS for the current year.

OGE Energy News Summary

Here are the key news stories impacting OGE Energy this week:

• Positive Sentiment: Zacks raised its Q3 2026 EPS forecast to $1.02 from $1.00, suggesting somewhat stronger expected results in the upcoming quarter.
• Positive Sentiment: The firm increased its Q3 2027 estimate to $1.04 from $1.03 and lifted its Q4 2027 forecast to $0.58 from $0.55.
• Neutral Sentiment: Zacks’ FY2026 EPS estimate was reduced slightly to $2.42 from $2.43, bringing it in line with the current consensus forecast rather than signaling a material change in full-year expectations.
• Negative Sentiment: Estimates were lowered for Q1 2027 to $0.37 from $0.39 and Q2 2027 to $0.60 from $0.62, pointing to weaker expected earnings in the first half of 2027.
• Negative Sentiment: Longer-term forecasts also fell: Q1 2028 EPS was cut to $0.50 from $0.53, while Q2 2028 EPS was reduced to $0.63 from $0.71. These revisions may be weighing on the stock because they imply some pressure on OGE’s future earnings trajectory.

Analyst Ratings Changes

A number of research firms have weighed in on OGE. BMO Capital Markets decreased their target price on shares of 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 reduced their price objective on OGE Energy from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Friday. Wells Fargo & Company increased their target price on OGE Energy from $47.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, April 30th. Wall Street Zen raised OGE Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of OGE Energy in a research note on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $49.60.

OGE Energy Profile

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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