Zacks Research Forecasts Stronger Earnings for OGE Energy

Key Points

• Zacks Research raised its FY2027 EPS estimate for OGE Energy to $2.58 (from $2.57), above the consensus full-year estimate of $2.43.
• OGE last reported quarterly EPS of $0.33, beating analysts' $0.30 estimate, though revenue declined 4.6% year-over-year to $725.8 million.
• OGE paid a quarterly dividend of $0.425 (annualized $1.70), implying a yield of 3.6% and a payout ratio of 73.59%.

OGE Energy Corporation (NYSE:OGE - Free Report) - Investment analysts at Zacks Research raised their FY2027 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 earn $2.58 per share for the year, up from their prior forecast of $2.57. The consensus estimate for OGE Energy's current full-year earnings is $2.43 per share.

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 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 business had revenue of $725.80 million for the quarter, compared to analysts' expectations of $277.80 million. During the same period in the prior year, the company posted $0.50 EPS. The business's revenue for the quarter was down 4.6% on a year-over-year basis.

A number of other research firms have also recently weighed in on OGE. BMO Capital Markets assumed coverage on shares of OGE Energy in a research note on Tuesday, January 13th. They set a "market perform" rating and a $45.00 price target on the stock. Wall Street Zen cut shares of OGE Energy from a "hold" rating to a "sell" rating in a research note on Saturday, April 18th. Mizuho set a $49.00 price target on shares of OGE Energy in a research note on Thursday, February 19th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of OGE Energy in a research note on Friday, January 23rd. Finally, Wells Fargo & Company reaffirmed an "underweight" rating on shares of OGE Energy in a research note on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $48.50.

OGE Energy Stock Performance

NYSE:OGE opened at $47.10 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 1.08. OGE Energy has a fifty-two week low of $41.69 and a fifty-two week high of $50.13. The stock has a market cap of $9.72 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 3.48 and a beta of 0.59. The firm's fifty day simple moving average is $47.96 and its 200-day simple moving average is $45.50.

Institutional Investors Weigh In On OGE Energy

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in OGE Energy by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 21,500,675 shares of the utilities provider's stock valued at $918,079,000 after acquiring an additional 304,080 shares during the last quarter. State Street Corp boosted its stake in shares of OGE Energy by 1.8% during the 4th quarter. State Street Corp now owns 6,713,937 shares of the utilities provider's stock worth $286,685,000 after purchasing an additional 117,977 shares during the last quarter. Boston Partners boosted its stake in shares of OGE Energy by 0.5% during the 3rd quarter. Boston Partners now owns 6,279,360 shares of the utilities provider's stock worth $290,530,000 after purchasing an additional 31,138 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of OGE Energy by 8.3% during the 4th quarter. Clearbridge Investments LLC now owns 6,240,594 shares of the utilities provider's stock worth $266,473,000 after purchasing an additional 479,278 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of OGE Energy by 103.2% during the 4th quarter. Morgan Stanley now owns 4,628,210 shares of the utilities provider's stock worth $197,625,000 after purchasing an additional 2,350,574 shares during the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at OGE Energy

In other OGE Energy news, Director Lyle G. Ganske acquired 10,420 shares of the stock in a transaction that occurred on 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 purchase, the director owned 10,420 shares in the company, valued at approximately $500,055.80. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Sarah R. Stafford sold 6,130 shares of the stock in a transaction dated 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 sale, the chief accounting officer directly owned 28,559 shares in the company, valued at approximately $1,364,263.43. The trade was a 17.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.57% of the stock is currently owned by corporate insiders.

OGE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 6th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, April 6th. OGE Energy's dividend payout ratio is presently 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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