Zacks Research Lowers Earnings Estimates for OGE Energy

Key Points

• Zacks Research cut its Q1 2026 EPS estimate for OGE Energy to $0.46 from $0.47 and lists full-year FY2026 consensus at $2.27, with forecasts through FY2028 (FY2027 $2.57, FY2028 $2.72).
• OGE Energy reported Q4 EPS of $0.33 (beating the $0.30 estimate) and revenue of $725.8 million (down 4.6% year-over-year), and set FY2026 guidance of $2.38–$2.48 EPS.
• The company announced a quarterly dividend of $0.425 (annualized $1.70) implying a ~3.6% yield with an ex-dividend date of April 6, and a dividend payout ratio of about 73.6%.

OGE Energy Corporation (NYSE:OGE - Free Report) - Analysts at Zacks Research reduced their Q1 2026 earnings per share (EPS) estimates for shares of OGE Energy in a research report issued to clients and investors on Wednesday, March 11th. Zacks Research analyst Team now anticipates that the utilities provider will earn $0.46 per share for the quarter, down from their prior forecast of $0.47. The consensus estimate for OGE Energy's current full-year earnings is $2.27 per share. Zacks Research also issued estimates for OGE Energy's Q2 2026 earnings at $0.60 EPS, Q3 2026 earnings at $0.72 EPS, Q4 2026 earnings at $0.65 EPS, Q1 2027 earnings at $0.51 EPS, Q2 2027 earnings at $0.69 EPS, FY2027 earnings at $2.57 EPS and FY2028 earnings at $2.72 EPS.

OGE Energy (NYSE:OGE - Get Free Report) last posted its earnings results on Wednesday, February 18th. 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 return on equity of 9.89% and a net margin of 14.44%.The business had revenue of $725.80 million for the quarter, compared to analyst estimates of $277.80 million. During the same period in the previous year, the firm earned $0.50 EPS. The firm's revenue was down 4.6% compared to the same quarter last year. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS.

A number of other equities analysts have also weighed in on the company. Wells Fargo & Company increased their target price on OGE Energy from $39.00 to $41.00 and gave the stock an "overweight" rating in a research note on Thursday, February 19th. UBS Group lowered their price objective on OGE Energy from $45.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 17th. Royal Bank Of Canada reissued a "sector perform" rating on shares of OGE Energy in a research report on Friday, January 23rd. Wall Street Zen raised shares of OGE Energy from a "sell" rating to a "hold" rating in a research report on Saturday, January 24th. Finally, BMO Capital Markets began coverage on shares of OGE Energy in a report on Tuesday, January 13th. They issued a "market perform" rating and a $45.00 price objective for the company. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.63.

OGE Energy Stock Performance

Shares of OGE stock opened at $47.08 on Thursday. The company has a market capitalization of $9.71 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 3.41 and a beta of 0.61. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.49 and a current ratio of 0.78. OGE Energy has a 52 week low of $40.80 and a 52 week high of $49.55. The company has a 50-day simple moving average of $45.16 and a 200 day simple moving average of $44.79.

Hedge Funds Weigh In On OGE Energy

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in OGE Energy by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 21,500,675 shares of the utilities provider's stock valued at $918,079,000 after buying an additional 304,080 shares in the last quarter. State Street Corp boosted its stake in shares of OGE Energy by 1.8% in the 4th quarter. State Street Corp now owns 6,713,937 shares of the utilities provider's stock valued at $286,685,000 after purchasing an additional 117,977 shares in the last quarter. Boston Partners boosted its stake in shares of OGE Energy by 0.5% in the 3rd quarter. Boston Partners now owns 6,279,360 shares of the utilities provider's stock valued at $290,530,000 after purchasing an additional 31,138 shares in the last quarter. Clearbridge Investments LLC grew its holdings 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 valued at $266,473,000 after purchasing an additional 479,278 shares during the last quarter. Finally, Morgan Stanley increased its position in 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 in the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

Insider Activity at OGE Energy

In other news, Director Lyle G. Ganske acquired 10,420 shares of the stock in a transaction on Monday, February 23rd. The stock was acquired at an average cost of $47.99 per share, for a total transaction of $500,055.80. Following the completion of the transaction, the director directly owned 10,420 shares in the company, valued at approximately $500,055.80. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Sarah R. Stafford sold 6,130 shares of the company's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $47.77, for a total value of $292,830.10. Following the sale, the chief accounting officer owned 28,559 shares of the company's stock, valued at $1,364,263.43. The trade was a 17.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.55% of the stock is currently owned by insiders.

OGE Energy Announces Dividend

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