OGE Energy Corporation (NYSE:OGE) Receives Average Rating of “Hold” from Brokerages

OGE Energy Corporation (NYSE:OGE) has received a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $49.80.

Several brokerages recently weighed in on OGE. Weiss Ratings raised OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. BMO Capital Markets lowered their price target on OGE Energy from $50.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Wells Fargo & Company upped their price target on OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Morgan Stanley set a $51.00 price objective on OGE Energy in a report on Wednesday, July 22nd.

Insider Buying and Selling

In related news, insider William H. Sultemeier sold 7,345 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $47.97, for a total value of $352,339.65. Following the transaction, the insider owned 74,497 shares in the company, valued at approximately $3,573,621.09. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On OGE Energy

Institutional investors have recently bought and sold shares of the business. Tema ETFs LLC increased its position in shares of OGE Energy by 106.1% in the second quarter. Tema ETFs LLC now owns 672,718 shares of the utilities provider’s stock worth $32,734,000 after acquiring an additional 346,304 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of OGE Energy by 12.9% during the 2nd quarter. GAMMA Investing LLC now owns 9,435 shares of the utilities provider’s stock valued at $459,000 after acquiring an additional 1,078 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of OGE Energy by 22.0% during the 2nd quarter. Versant Capital Management Inc now owns 4,800 shares of the utilities provider’s stock valued at $234,000 after acquiring an additional 867 shares in the last quarter. Pacer Advisors Inc. boosted its position in OGE Energy by 1.3% during the 1st quarter. Pacer Advisors Inc. now owns 24,399 shares of the utilities provider’s stock worth $1,170,000 after purchasing an additional 305 shares during the period. Finally, LFG Wealth Partners LLC boosted its position in OGE Energy by 6.1% during the 1st quarter. LFG Wealth Partners LLC now owns 24,787 shares of the utilities provider’s stock worth $1,189,000 after purchasing an additional 1,421 shares during the period. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

OGE Energy Stock Performance

NYSE:OGE opened at $47.45 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.77 and a debt-to-equity ratio of 1.12. The company has a market cap of $9.80 billion, a P/E ratio of 20.90, a P/E/G ratio of 3.50 and a beta of 0.53. OGE Energy has a fifty-two week low of $41.69 and a fifty-two week high of $50.59. The firm’s 50 day moving average is $48.21 and its two-hundred day moving average is $47.29.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The company had revenue of $711.90 million for the quarter, compared to analyst estimates of $782.73 million. During the same quarter last year, the business earned $0.53 EPS. OGE Energy’s revenue for the quarter was down 4.0% on a year-over-year basis. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. Analysts expect that OGE Energy will post 2.42 EPS for the current year.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, July 6th. OGE Energy’s dividend payout ratio is 74.89%.

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.