OGE Energy (NYSE:OGE) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of OGE Energy (NYSE:OGE) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $52.00 target price on the utilities provider’s stock.

OGE has been the topic of a number of other research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of OGE Energy in a report on Friday, January 23rd. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 24th. Mizuho set a $49.00 price target on OGE Energy in a report on Thursday, February 19th. BMO Capital Markets began coverage on OGE Energy in a research report on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on shares of OGE Energy from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, OGE Energy has an average rating of “Moderate Buy” and a consensus price target of $48.11.

OGE Energy Stock Down 2.6%

OGE stock opened at $46.13 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.78 and a quick ratio of 0.49. OGE Energy has a 52-week low of $40.80 and a 52-week high of $49.55. The company has a 50-day moving average of $45.88 and a two-hundred day moving average of $44.92. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.The business had revenue of $725.80 million for the quarter, compared to analyst estimates of $277.80 million. During the same period in the previous year, the company posted $0.50 earnings per share. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. As a group, equities research analysts anticipate that OGE Energy will post 2.27 EPS for the current year.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Monday, April 6th will be issued a dividend of $0.425 per share. The ex-dividend date is Monday, April 6th. This represents a $1.70 annualized dividend and a yield of 3.7%. OGE Energy’s dividend payout ratio is presently 73.59%.

Insiders Place Their Bets

In other OGE Energy news, CAO Sarah R. Stafford sold 6,130 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $47.77, for a total transaction of $292,830.10. Following the sale, the chief accounting officer directly owned 28,559 shares of the company’s stock, valued at $1,364,263.43. The trade was a 17.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lyle G. Ganske acquired 10,420 shares of OGE Energy stock in a transaction dated Monday, February 23rd. The shares were acquired at an average price of $47.99 per share, with a total value of $500,055.80. Following the completion of the purchase, the director owned 10,420 shares in the company, valued at approximately $500,055.80. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.55% of the stock is currently owned by company insiders.

Institutional Trading of OGE Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. AE Wealth Management LLC grew its stake in shares of OGE Energy by 4.7% in the third quarter. AE Wealth Management LLC now owns 356,485 shares of the utilities provider’s stock valued at $16,495,000 after buying an additional 16,058 shares in the last quarter. ProShare Advisors LLC lifted its stake in OGE Energy by 6.1% in the third quarter. ProShare Advisors LLC now owns 779,470 shares of the utilities provider’s stock valued at $36,066,000 after acquiring an additional 44,503 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its position in shares of OGE Energy by 302.8% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 58,392 shares of the utilities provider’s stock valued at $2,702,000 after acquiring an additional 43,895 shares during the period. Pacer Advisors Inc. increased its stake in shares of OGE Energy by 390.6% during the 3rd quarter. Pacer Advisors Inc. now owns 36,805 shares of the utilities provider’s stock worth $1,703,000 after purchasing an additional 29,303 shares during the last quarter. Finally, Reaves W H & Co. Inc. increased its stake in shares of OGE Energy by 7.5% during the 3rd quarter. Reaves W H & Co. Inc. now owns 1,335,747 shares of the utilities provider’s stock worth $61,805,000 after purchasing an additional 93,462 shares during the last quarter. Institutional investors own 71.84% of the company’s stock.

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.