Zacks Research Estimates OGE Energy's Q2 Earnings (NYSE:OGE)

OGE Energy Corporation (NYSE:OGE - Free Report) - Stock analysts at Zacks Research boosted their Q2 2026 earnings estimates for OGE Energy in a research note issued to investors on Wednesday, June 11th. Zacks Research analyst R. Department now expects that the utilities provider will earn $0.61 per share for the quarter, up from their prior estimate of $0.60. The consensus estimate for OGE Energy's current full-year earnings is $2.27 per share.

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

OGE Energy Price Performance

Shares of OGE Energy stock traded down $0.06 during trading on Monday, hitting $43.84. The stock had a trading volume of 1,087,566 shares, compared to its average volume of 1,104,985. The company has a current ratio of 0.73, a quick ratio of 0.47 and a debt-to-equity ratio of 1.11. OGE Energy has a 12 month low of $34.92 and a 12 month high of $46.91. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 3.06 and a beta of 0.59. The business's 50-day moving average is $44.41 and its 200 day moving average is $43.55.

OGE Energy (NYSE:OGE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. OGE Energy had a net margin of 15.48% and a return on equity of 10.58%. The business had revenue of $747.70 million for the quarter, compared to analyst estimates of $695.59 million. During the same quarter in the prior year, the firm posted $0.09 EPS. OGE Energy's revenue was up 25.3% on a year-over-year basis.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be issued a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Monday, July 7th. OGE Energy's payout ratio is currently 69.42%.

Insider Activity

In other news, VP Donnie O. Jones sold 11,351 shares of OGE Energy stock in a transaction dated 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 now owns 43,932 shares in the company, valued at approximately $1,935,643.92. The trade was a 20.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William H. Sultemeier sold 6,650 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $45.54, for a total value of $302,841.00. Following the completion of the sale, the insider now directly owns 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 disclosure for this sale can be found here. Corporate insiders own 0.55% of the company's stock.

Hedge Funds Weigh In On OGE Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp boosted its stake in shares of OGE Energy by 7.9% during the fourth quarter. Van ECK Associates Corp now owns 62,542 shares of the utilities provider's stock valued at $2,580,000 after purchasing an additional 4,584 shares during the period. Asset Management One Co. Ltd. bought a new stake in OGE Energy during the 4th quarter valued at $1,496,000. Rhumbline Advisers raised its holdings in OGE Energy by 0.8% during the 4th quarter. Rhumbline Advisers now owns 586,804 shares of the utilities provider's stock valued at $24,206,000 after buying an additional 4,428 shares during the last quarter. Everhart Financial Group Inc. boosted its position in OGE Energy by 8.0% during the 4th quarter. Everhart Financial Group Inc. now owns 14,463 shares of the utilities provider's stock valued at $597,000 after buying an additional 1,073 shares during the period. Finally, Principal Securities Inc. grew its holdings in OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after acquiring an additional 659 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.

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.