OGE Energy (NYSE:OGE) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of OGE Energy (NYSE:OGE) in a report issued on Friday, MarketBeat Ratings reports. The firm issued an overweight rating and a $52.00 target price on the utilities provider’s stock.

Several other analysts also recently commented on OGE. UBS Group reduced their price objective on OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Mizuho set a $49.00 target price on OGE Energy in a research note on Thursday, February 19th. BMO Capital Markets assumed coverage on OGE Energy in a report on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 target price on the stock. Wells Fargo & Company upped their price target on OGE Energy from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Finally, Barclays decreased their price target on OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.11.

OGE Energy Trading Down 2.6%

Shares of OGE Energy stock opened at $46.13 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.49 and a current ratio of 0.78. The company has a market capitalization of $9.51 billion, a P/E ratio of 19.97, a PEG ratio of 3.30 and a beta of 0.61. OGE Energy has a 1 year low of $40.80 and a 1 year high of $49.55. The company’s fifty day moving average is $45.88 and its two-hundred day moving average is $44.93.

OGE Energy (NYSE:OGE) last announced its earnings results on Wednesday, February 18th. The utilities provider reported $0.33 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $277.80 million. During the same period in the prior year, the company earned $0.50 earnings per share. The business’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. Analysts forecast that OGE Energy will post 2.27 earnings per share for the current year.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Monday, April 6th will be paid a $0.425 dividend. The ex-dividend date is Monday, April 6th. This represents a $1.70 annualized dividend and a dividend yield of 3.7%. OGE Energy’s dividend payout ratio (DPR) is 73.59%.

Insider Transactions at OGE Energy

In related news, Director Lyle G. Ganske bought 10,420 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was bought 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the chief accounting officer owned 28,559 shares of the company’s stock, valued at approximately $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. 0.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OGE Energy

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in OGE Energy by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 21,500,675 shares of the utilities provider’s stock worth $918,079,000 after purchasing an additional 304,080 shares in the last quarter. State Street Corp grew its holdings in OGE Energy by 1.8% in the fourth 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 during the last quarter. Boston Partners increased its position in shares of OGE Energy by 0.5% in the third quarter. Boston Partners now owns 6,279,360 shares of the utilities provider’s stock valued at $290,530,000 after buying an additional 31,138 shares in the last quarter. Clearbridge Investments LLC raised 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 buying an additional 479,278 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of OGE Energy by 103.2% in the 4th quarter. Morgan Stanley now owns 4,628,210 shares of the utilities provider’s stock worth $197,625,000 after buying an additional 2,350,574 shares in the last quarter. 71.84% of the stock is owned by hedge funds and other institutional investors.

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.