Q4 Earnings Estimate for OGE Energy Issued By Zacks Research

OGE Energy Corp. (NYSE:OGE) – Stock analysts at Zacks Research raised their Q4 2024 earnings per share (EPS) estimates for OGE Energy in a report released on Thursday, December 19th. Zacks Research analyst R. Department now expects that the utilities provider will earn $0.46 per share for the quarter, up from their previous estimate of $0.44. The consensus estimate for OGE Energy’s current full-year earnings is $2.14 per share. Zacks Research also issued estimates for OGE Energy’s FY2026 earnings at $2.40 EPS.

A number of other research firms have also recently issued reports on OGE. Jefferies Financial Group started coverage on OGE Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Barclays lifted their price objective on shares of OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, OGE Energy currently has a consensus rating of “Hold” and an average price target of $40.50.

OGE Energy Trading Up 0.1 %

Shares of NYSE:OGE opened at $41.01 on Monday. The company’s 50-day moving average price is $41.95 and its two-hundred day moving average price is $39.58. OGE Energy has a one year low of $32.06 and a one year high of $44.41. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. The stock has a market capitalization of $8.24 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The business had revenue of $965.40 million during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business earned $1.20 earnings per share. OGE Energy’s revenue for the quarter was up 2.1% on a year-over-year basis.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Monday, January 6th. OGE Energy’s dividend payout ratio is currently 87.05%.

Insider Activity at OGE Energy

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total value of $214,542.72. Following the transaction, the vice president now owns 20,918 shares in the company, valued at approximately $896,127.12. This represents a 19.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OGE Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of OGE. FMR LLC increased its position in shares of OGE Energy by 16.3% during the 3rd quarter. FMR LLC now owns 558,967 shares of the utilities provider’s stock valued at $22,929,000 after purchasing an additional 78,164 shares during the last quarter. Navellier & Associates Inc. bought a new position in shares of OGE Energy in the third quarter worth about $785,000. PEAK6 Investments LLC purchased a new position in shares of OGE Energy during the 3rd quarter valued at about $783,000. BNP Paribas Financial Markets grew its stake in shares of OGE Energy by 316.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider’s stock valued at $1,426,000 after acquiring an additional 26,411 shares during the period. Finally, Retirement Investment Advisors Inc. bought a new stake in OGE Energy during the 2nd quarter worth approximately $450,000. Institutional investors own 71.84% of the company’s stock.

About OGE Energy

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.