Emerald Investment Advisers LLC Purchases New Holdings in OGE Energy Corporation $OGE

Emerald Investment Advisers LLC purchased a new stake in shares of OGE Energy Corporation (NYSE:OGE) in the 2nd quarter, Holdings Channel reports. The fund purchased 97,643 shares of the utilities provider’s stock, valued at approximately $4,751,000.

Other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC increased its position in shares of OGE Energy by 1,160.8% during the 1st quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider’s stock worth $4,365,000 after purchasing an additional 87,433 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of OGE Energy by 54.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider’s stock valued at $47,966,000 after buying an additional 367,960 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of OGE Energy by 4.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 560,664 shares of the utilities provider’s stock valued at $25,768,000 after buying an additional 23,051 shares during the last quarter. Focus Partners Wealth grew its stake in shares of OGE Energy by 7.5% in the first quarter. Focus Partners Wealth now owns 9,145 shares of the utilities provider’s stock valued at $420,000 after buying an additional 637 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of OGE Energy by 3.9% in the second quarter. Russell Investments Group Ltd. now owns 8,612 shares of the utilities provider’s stock valued at $382,000 after buying an additional 321 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on OGE shares. LADENBURG THALM/SH SH boosted their target price on shares of OGE Energy from $42.50 to $47.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. BMO Capital Markets cut their price target on shares of OGE Energy from $50.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Morgan Stanley decreased their price objective on shares of OGE Energy from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Friday. Wall Street Zen upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of OGE Energy in a research note on Friday, July 31st. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $49.60.

Key OGE Energy News

Here are the key news stories impacting OGE Energy this week:

• Positive Sentiment: Zacks raised its Q3 2026 EPS forecast to $1.02 from $1.00, suggesting somewhat stronger expected results in the upcoming quarter.
• Positive Sentiment: The firm increased its Q3 2027 estimate to $1.04 from $1.03 and lifted its Q4 2027 forecast to $0.58 from $0.55.
• Neutral Sentiment: Zacks’ FY2026 EPS estimate was reduced slightly to $2.42 from $2.43, bringing it in line with the current consensus forecast rather than signaling a material change in full-year expectations.
• Negative Sentiment: Estimates were lowered for Q1 2027 to $0.37 from $0.39 and Q2 2027 to $0.60 from $0.62, pointing to weaker expected earnings in the first half of 2027.
• Negative Sentiment: Longer-term forecasts also fell: Q1 2028 EPS was cut to $0.50 from $0.53, while Q2 2028 EPS was reduced to $0.63 from $0.71. These revisions may be weighing on the stock because they imply some pressure on OGE’s future earnings trajectory.

OGE Energy Stock Performance

OGE opened at $45.67 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.77 and a debt-to-equity ratio of 1.12. OGE Energy Corporation has a 12-month low of $41.69 and a 12-month high of $50.59. The business has a 50 day moving average of $48.08 and a 200-day moving average of $47.66. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 3.46 and a beta of 0.53.

OGE Energy (NYSE:OGE) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. OGE Energy had a return on equity of 9.48% and a net margin of 14.44%.The business had revenue of $711.90 million for the quarter, compared to analyst estimates of $782.73 million. During the same period in the previous year, the firm earned $0.53 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts expect that OGE Energy Corporation will post 2.42 earnings per share for the current year.

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.