OGE Energy Corporation (NYSE:OGE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of OGE Energy Corporation (NYSE:OGE) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $48.1111.

Several equities analysts have recently commented on the stock. Mizuho set a $49.00 price target on shares of OGE Energy in a report on Thursday, February 19th. Barclays cut their price objective on OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 24th. BMO Capital Markets initiated coverage on OGE Energy in a research note on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price target for the company. Finally, JPMorgan Chase & Co. started coverage on OGE Energy in a report on Friday, March 20th. They set an “overweight” rating and a $52.00 price target for the company.

Insider Activity at OGE Energy

In other OGE Energy news, Director Lyle G. Ganske purchased 10,420 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were bought at an average price of $47.99 per share, for a total transaction of $500,055.80. Following the purchase, the director directly owned 10,420 shares in the company, valued at $500,055.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Sarah R. Stafford sold 6,130 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer owned 28,559 shares in the company, valued at $1,364,263.43. This represents a 17.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On OGE Energy

Institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC acquired a new stake in shares of OGE Energy in the fourth quarter worth about $792,000. Rockefeller Capital Management L.P. grew its holdings in OGE Energy by 9.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 17,739 shares of the utilities provider’s stock valued at $757,000 after purchasing an additional 1,575 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of OGE Energy by 13.6% in the fourth quarter. Corient Private Wealth LLC now owns 20,535 shares of the utilities provider’s stock valued at $880,000 after purchasing an additional 2,457 shares during the period. Tulsa Wealth Advisors INC acquired a new stake in shares of OGE Energy in the fourth quarter worth $354,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of OGE Energy by 389.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,776 shares of the utilities provider’s stock worth $161,000 after buying an additional 3,005 shares during the period. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Stock Performance

OGE stock opened at $47.53 on Friday. The firm has a 50 day simple moving average of $46.28 and a 200 day simple moving average of $45.04. OGE Energy has a 52 week low of $40.80 and a 52 week high of $49.55. The stock has a market cap of $9.80 billion, a P/E ratio of 20.58, a P/E/G ratio of 3.40 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 (NYSE:OGE) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. The firm had revenue of $725.80 million for the quarter, compared to analyst estimates of $277.80 million. During the same quarter in the prior year, the business earned $0.50 EPS. The company’s revenue for the quarter 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. Research analysts anticipate that OGE Energy will post 2.27 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders 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 dividend on an annualized basis and a yield of 3.6%. OGE Energy’s payout ratio is 73.59%.

OGE Energy Company Profile

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.