OGE Energy (NYSE:OGE) Issues FY 2025 Earnings Guidance

Key Points

• OGE Energy has provided its FY 2025 earnings guidance, projecting earnings per share between $2.210 and $2.330, slightly above the consensus estimate of $2.274.
• The company recently reported a quarterly EPS of $0.31, exceeding expectations of $0.22, with revenues hitting $747.70 million, a 25.3% increase year-over-year.
• Barclays and Wells Fargo have upgraded OGE Energy's stock ratings and price targets, reflecting a positive outlook from analysts, resulting in an average rating of "Moderate Buy" with a consensus price target of $46.80.

OGE Energy (NYSE:OGE - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.210-2.330 for the period, compared to the consensus estimate of 2.274. The company issued revenue guidance of -.

OGE Energy Trading Down 0.2%

Shares of NYSE OGE traded down $0.08 during midday trading on Friday, hitting $45.35. The company's stock had a trading volume of 1,104,862 shares, compared to its average volume of 1,092,059. The company has a current ratio of 0.78, a quick ratio of 0.47 and a debt-to-equity ratio of 1.16. The business's 50 day moving average is $44.35 and its two-hundred day moving average is $44.25. OGE Energy has a 12-month low of $38.42 and a 12-month high of $46.91. The firm has a market cap of $9.13 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 3.16 and a beta of 0.57.

OGE Energy (NYSE:OGE - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.05). The firm had revenue of $741.60 million for the quarter, compared to analysts' expectations of $719.97 million. OGE Energy had a return on equity of 10.60% and a net margin of 15.27%. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. As a group, equities research analysts expect that OGE Energy will post 2.27 EPS for the current year.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, July 7th. OGE Energy's dividend payout ratio (DPR) is presently 68.85%.

Analyst Ratings Changes

OGE has been the topic of several research reports. Argus upgraded OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective on the stock in a report on Friday, April 11th. LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a report on Friday, May 9th. Wells Fargo & Company raised their price objective on OGE Energy from $46.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Finally, Barclays upgraded OGE Energy from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $45.00 to $47.00 in a report on Thursday, June 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.80.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, insider William H. Sultemeier sold 6,650 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $45.54, for a total transaction of $302,841.00. Following the sale, the insider owned 72,548 shares of the company's stock, valued at approximately $3,303,835.92. This trade represents a 8.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Donnie O. Jones sold 11,351 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $44.06, for a total value of $500,125.06. Following the sale, the vice president directly owned 43,932 shares in the company, valued at $1,935,643.92. This trade represents a 20.53% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

Institutional Trading of OGE Energy

Institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its position in shares of OGE Energy by 54.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider's stock worth $47,966,000 after purchasing an additional 367,960 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of OGE Energy by 4.3% in 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 purchasing an additional 23,051 shares in the last quarter. Millennium Management LLC raised its stake in OGE Energy by 1,160.8% in the 1st quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider's stock worth $4,365,000 after acquiring an additional 87,433 shares during the last quarter. Finally, Focus Partners Wealth raised its stake in OGE Energy by 7.5% in 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 last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.