OGE Energy (NYSE:OGE) Releases 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 Stock Down 0.2%

Shares of OGE traded down $0.08 during trading hours on Friday, hitting $45.35. The company had a trading volume of 1,104,862 shares, compared to its average volume of 1,092,059. The company has a market capitalization of $9.13 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 3.16 and a beta of 0.57. The company has a current ratio of 0.78, a quick ratio of 0.47 and a debt-to-equity ratio of 1.16. OGE Energy has a one year low of $38.42 and a one year high of $46.91. The company's fifty day moving average price is $44.35 and its two-hundred day moving average price is $44.22.

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

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were paid 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 payout ratio is presently 68.85%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, insider William H. Sultemeier sold 6,650 shares of the business's 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 completion of the transaction, the insider directly owned 72,548 shares of the company's stock, valued at $3,303,835.92. The trade was a 8.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Donnie O. Jones sold 11,351 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $44.06, for a total value of $500,125.06. Following the transaction, the vice president directly owned 43,932 shares of the company's stock, valued at $1,935,643.92. The trade was a 20.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Focus Partners Wealth lifted its holdings in shares of OGE Energy by 7.5% in the 1st quarter. Focus Partners Wealth now owns 9,145 shares of the utilities provider's stock valued at $420,000 after purchasing an additional 637 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings 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 valued at $25,768,000 after purchasing an additional 23,051 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 valued at $47,966,000 after purchasing an additional 367,960 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of OGE Energy by 1,160.8% in the 1st quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider's stock valued at $4,365,000 after purchasing an additional 87,433 shares during the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

About OGE Energy

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.