FY2026 EPS Estimates for OGE Energy Lowered by Analyst

Key Points

• Zacks Research lowered OGE Energy’s FY2026 EPS estimate to $2.42 from $2.43, in line with the current analyst consensus.
• Analysts maintain a generally cautious outlook, with OGE carrying an average “Hold” rating and an average price target of $49.80.
• OGE’s latest quarterly results modestly exceeded EPS expectations at $0.56, but revenue fell short of forecasts and declined 4% year over year. Institutional investors and hedge funds own 71.84% of the company.

OGE Energy Corporation (NYSE:OGE - Free Report) - Equities researchers at Zacks Research cut their FY2026 EPS estimates for shares of OGE Energy in a report released on Wednesday, August 19th. Zacks Research analyst Team now forecasts that the utilities provider will post earnings per share of $2.42 for the year, down from their previous estimate of $2.43. 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 2027 earnings at $0.58 EPS.

OGE has been the subject of several other research reports. BMO Capital Markets dropped their price target on shares of OGE Energy from $50.00 to $49.00 and set a "market perform" rating for the company in a research note on Wednesday, July 22nd. Wells Fargo & Company raised their target price on shares of OGE Energy from $47.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, April 30th. Barclays lifted their price target on shares of OGE Energy from $51.00 to $52.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 14th. LADENBURG THALM/SH SH boosted their price target on shares of OGE Energy from $42.50 to $47.00 and gave the stock a "neutral" rating in a report on Monday, May 11th. Finally, Wall Street Zen raised shares of OGE Energy from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $49.80.

OGE Energy Stock Down 0.3%

Shares of NYSE:OGE opened at $46.77 on Friday. 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 firm has a market capitalization of $9.66 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 3.48 and a beta of 0.53. The firm's 50-day moving average is $48.12 and its two-hundred day moving average is $47.67. OGE Energy has a 1 year low of $41.69 and a 1 year high of $50.59.

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

Hedge Funds Weigh In On OGE Energy

A number of institutional investors have recently modified their holdings of OGE. Millennium Management LLC grew its holdings in shares of OGE Energy by 1,160.8% during the first quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider's stock worth $4,365,000 after buying an additional 87,433 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in OGE Energy by 54.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider's stock valued at $47,966,000 after acquiring an additional 367,960 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in OGE Energy by 4.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 560,664 shares of the utilities provider's stock worth $25,768,000 after acquiring an additional 23,051 shares during the period. Focus Partners Wealth lifted its position in OGE Energy by 7.5% during the 1st quarter. Focus Partners Wealth now owns 9,145 shares of the utilities provider's stock worth $420,000 after acquiring an additional 637 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of OGE Energy by 3.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 8,612 shares of the utilities provider's stock valued at $382,000 after purchasing an additional 321 shares during the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

About OGE Energy

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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