Q2 Earnings Estimate for OGE Energy Issued By Zacks Research

OGE Energy Corporation (NYSE:OGE) – Investment analysts at Zacks Research upped their Q2 2026 earnings per share (EPS) estimates for shares of OGE Energy in a 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.

A number of other research analysts have also issued reports on the stock. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a “hold” rating in a research note on Friday, May 9th. Barclays raised OGE Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $45.00 to $47.00 in a report on Thursday, June 5th. Argus upgraded OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Friday, April 11th. Finally, Wells Fargo & Company increased their price objective on 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.80.

OGE Energy Stock Performance

NYSE:OGE opened at $43.87 on Monday. The company’s 50 day moving average is $44.40 and its 200-day moving average is $43.55. The company has a quick ratio of 0.47, a current ratio of 0.73 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 18.13, a P/E/G ratio of 3.06 and a beta of 0.59.

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

OGE Energy Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Monday, July 7th. OGE Energy’s payout ratio is currently 69.42%.

Insider Activity at OGE Energy

In other OGE Energy news, VP Donnie O. Jones sold 11,351 shares of the company’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $44.06, for a total transaction of $500,125.06. Following the transaction, the vice president now owns 43,932 shares of the company’s stock, valued at approximately $1,935,643.92. This represents a 20.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William H. Sultemeier sold 6,650 shares of the stock in a transaction on 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 transaction, the insider now owns 72,548 shares in the company, valued at $3,303,835.92. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On OGE Energy

Several hedge funds have recently added to or reduced their stakes in OGE. Vanguard Group Inc. raised its holdings in OGE Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 21,413,588 shares of the utilities provider’s stock worth $883,311,000 after purchasing an additional 203,129 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of OGE Energy by 5.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,538,826 shares of the utilities provider’s stock valued at $300,525,000 after purchasing an additional 364,268 shares during the last quarter. Boston Partners grew its position in shares of OGE Energy by 29.1% during the 1st quarter. Boston Partners now owns 5,401,857 shares of the utilities provider’s stock worth $248,209,000 after buying an additional 1,219,062 shares during the period. Northern Trust Corp raised its stake in shares of OGE Energy by 0.3% during the first quarter. Northern Trust Corp now owns 3,573,926 shares of the utilities provider’s stock worth $164,258,000 after buying an additional 11,912 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of OGE Energy by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,364,886 shares of the utilities provider’s stock worth $138,845,000 after buying an additional 15,415 shares during the last quarter. Institutional investors own 71.84% of the company’s stock.

OGE Energy Company Profile

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.