Q1 Earnings Forecast for OGE Energy Issued By Zacks Research

Key Points

• Zacks Research cut its Q1 2026 EPS estimate for OGE to $0.45 (from $0.46) and provided updated quarterly estimates while the consensus full-year EPS remains $2.43.
• OGE beat last quarter's EPS with $0.33 (vs. $0.30 expected) and the stock trades near $47.54 with a MarketBeat consensus rating of "Hold" and a $48.50 target price.
• OGE declared a quarterly dividend of $0.425 per share (annualized $1.70, yield 3.6%), with an ex-dividend date of April 6 and payment on April 24.

OGE Energy Corporation (NYSE:OGE - Free Report) - Equities research analysts at Zacks Research cut their Q1 2026 EPS estimates for shares of OGE Energy in a research report issued to clients and investors on Thursday, April 23rd. Zacks Research analyst Team now forecasts that the utilities provider will post earnings per share of $0.45 for the quarter, down from their prior estimate of $0.46. The consensus estimate for OGE Energy's current full-year earnings is $2.43 per share. Zacks Research also issued estimates for OGE Energy's Q2 2026 earnings at $0.59 EPS, Q3 2026 earnings at $0.73 EPS, Q3 2027 earnings at $0.77 EPS, Q4 2027 earnings at $0.61 EPS and Q1 2028 earnings at $0.57 EPS.

OGE Energy (NYSE:OGE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. The company had revenue of $725.80 million during the quarter, compared to analyst estimates of $277.80 million. During the same period last year, the firm posted $0.50 EPS. OGE Energy's revenue for the quarter was down 4.6% compared to the same quarter last year.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company reissued an "underweight" rating on shares of OGE Energy in a research report on Tuesday. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of OGE Energy in a report on Monday, April 6th. Wall Street Zen lowered shares of OGE Energy from a "hold" rating to a "sell" rating in a report on Saturday, April 18th. Barclays lifted their target price on shares of OGE Energy from $49.00 to $51.00 and gave the company an "overweight" rating in a report on Monday. Finally, BMO Capital Markets assumed coverage on shares of OGE Energy in a report on Tuesday, January 13th. They set a "market perform" rating and a $45.00 target price for the company. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, OGE Energy currently has an average rating of "Hold" and a consensus target price of $48.50.

OGE Energy Stock Performance

OGE opened at $47.54 on Friday. OGE Energy has a 12-month low of $41.69 and a 12-month high of $50.13. The company has a current ratio of 0.78, a quick ratio of 0.49 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $9.81 billion, a PE ratio of 20.58, a P/E/G ratio of 3.41 and a beta of 0.59. The firm has a 50 day moving average of $47.96 and a two-hundred day moving average of $45.50.

Institutional Investors Weigh In On OGE Energy

A number of institutional investors have recently added to or reduced their stakes in OGE. Millennium Management LLC grew 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 valued at $4,365,000 after acquiring an additional 87,433 shares during the period. Goldman Sachs Group Inc. grew its stake in 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 acquiring an additional 367,960 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in 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 acquiring an additional 23,051 shares during the period. Focus Partners Wealth grew 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 valued at $420,000 after acquiring an additional 637 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in 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 acquiring an additional 321 shares during the period. Institutional investors and hedge funds own 71.84% of the company's stock.

Insider Activity at OGE Energy

In other news, CAO Sarah R. Stafford sold 6,130 shares of OGE Energy stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $47.77, for a total transaction of $292,830.10. Following the completion of the transaction, the chief accounting officer directly owned 28,559 shares of the company's stock, valued at $1,364,263.43. The trade was a 17.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lyle G. Ganske bought 10,420 shares of the business's stock in a transaction dated Monday, February 23rd. The shares were purchased at an average cost of $47.99 per share, with a total value of $500,055.80. Following the completion of the acquisition, the director owned 10,420 shares in the company, valued at approximately $500,055.80. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.57% of the stock is owned by insiders.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Monday, April 6th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, April 6th. OGE Energy's payout ratio is 73.59%.

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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