Zacks Research Has Optimistic View of OGE Energy Q2 Earnings

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

Several other equities research analysts have also issued reports on OGE. Wells Fargo & Company increased their target price on shares of OGE Energy from $46.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research report on Friday, May 9th. Argus upgraded shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price target for the company in a research report on Friday, April 11th. Finally, Barclays upgraded shares of OGE Energy from an "equal weight" rating to an "overweight" rating and increased their price objective for the company 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 given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.80.

OGE Energy Price Performance

NYSE:OGE opened at $44.26 on Monday. The firm's fifty day moving average is $44.36 and its two-hundred day moving average is $43.55. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. OGE Energy has a one year low of $34.84 and a one year high of $46.91. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 3.30 and a beta of 0.59.

OGE Energy (NYSE:OGE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. OGE Energy had a net margin of 14.79% and a return on equity of 9.71%. The company had revenue of $747.70 million for the quarter, compared to analyst estimates of $695.59 million. During the same period in the prior year, the company earned $0.09 earnings per share. The firm's revenue was up 25.3% on a year-over-year basis.

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Monday, July 7th. OGE Energy's payout ratio is presently 69.42%.

Insider Activity

In related news, VP Donnie O. Jones sold 11,351 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $44.06, for a total transaction of $500,125.06. Following the completion of the transaction, the vice president now owns 43,932 shares of the company's stock, valued at approximately $1,935,643.92. This trade represents a 20.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William H. Sultemeier sold 6,650 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 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 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

A number of hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp grew its holdings in shares of OGE Energy by 7.9% in 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 in the last quarter. Asset Management One Co. Ltd. purchased a new position in OGE Energy in the 4th quarter valued at approximately $1,496,000. Rhumbline Advisers boosted its position in OGE Energy by 0.8% in 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 period. Everhart Financial Group Inc. boosted its position in OGE Energy by 8.0% in 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. boosted its position in OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock valued at $40,000 after buying an additional 659 shares during the period. Hedge funds and other institutional investors own 71.84% of the company's stock.

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.

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