OGE Energy (NYSE:OGE) Sets New 12-Month High – Here’s What Happened

OGE Energy Corporation (NYSE:OGE) shares hit a new 52-week high on Monday . The stock traded as high as $49.39 and last traded at $49.3910, with a volume of 107289 shares. The stock had previously closed at $49.14.

Analyst Ratings Changes

Several analysts have commented on the company. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 24th. Mizuho set a $49.00 price target on OGE Energy in a research note on Thursday, February 19th. Barclays lowered their price objective on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Wells Fargo & Company boosted their price objective on shares of OGE Energy from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, BMO Capital Markets initiated coverage on shares of OGE Energy in a research note on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.63.

OGE Energy Trading Up 0.5%

The company has a market cap of $10.18 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 3.51 and a beta of 0.61. The business has a fifty day simple moving average of $44.30 and a 200 day simple moving average of $44.61. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 1.08.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $725.80 million during the quarter, compared to the consensus estimate of $277.80 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. The business’s revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 EPS. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. On average, equities analysts anticipate that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The company 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. This represents a $1.70 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, April 6th. OGE Energy’s dividend payout ratio (DPR) is presently 73.59%.

Insiders Place Their Bets

In other news, Director Lyle G. Ganske purchased 10,420 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was acquired at an average price of $47.99 per share, for a total transaction of $500,055.80. Following the completion of the transaction, the director directly owned 10,420 shares in the company, valued at $500,055.80. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CAO Sarah R. Stafford sold 6,130 shares of OGE Energy stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $47.77, for a total value of $292,830.10. Following the transaction, the chief accounting officer directly owned 28,559 shares of the company’s stock, valued at $1,364,263.43. This trade represents a 17.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OGE Energy

Several institutional investors and hedge funds have recently bought and sold shares of OGE. Capital A Wealth Management LLC grew its position in OGE Energy by 5,157.1% in the second quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 722 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of OGE Energy by 49.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 255 shares in the last quarter. State of Wyoming purchased a new position in shares of OGE Energy in the second quarter valued at $34,000. Golden State Wealth Management LLC grew its holdings in OGE Energy by 427.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 632 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. grew its holdings in OGE Energy by 618.3% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 674 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

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.