OGE Energy (NYSE:OGE) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

OGE Energy (NYSE:OGE) released its earnings results on Wednesday. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03, Zacks reports. The company had revenue of $725.80 million for 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 10.05%. OGE Energy’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 EPS. OGE Energy updated its FY 2026 guidance to 2.380-2.480 EPS.

Here are the key takeaways from OGE Energy’s conference call:

• Reported strong 2025 results with consolidated EPS of $2.32 (electric company EPS $2.47), weather-normalized load up ~7% and customer growth near 1%, which management says reflects durable demand and affordability advantages.
• Guidance and targets were raised: 2026 consolidated EPS midpoint of $2.43 (up ~7% vs. 2025 midpoint) and a long-term EPS growth target of 5%–7%, with management expecting to deliver in the top half of ranges through 2028.
• Company is accelerating supply additions and large-load activity — ~1.3 GW of new generation being built, finalizing a 1 GW data-center contract (Customer X), and a draft IRP shows ~1.9 GW incremental capacity need by 2031 driven partly by SPP policy changes and RFPs for bridge and 2032 capacity.
• SPP assigned OG&E a significant portion of the Seminole-to-Shreveport 765‑kV line and other ITP projects — management estimates this could be on the order of ~20% of the current capital plan but timing, routing and final costs remain preliminary.
• Financing posture strengthened: company completed a well‑subscribed equity offering (and forward) covering equity needs through 2030, plans ~$300M utility debt in 2026 with no long-term holding‑co debt, targets FFO/Debt ~17% and a 60%–70% dividend payout ratio.

OGE Energy Trading Up 0.5%

NYSE:OGE opened at $46.70 on Friday. OGE Energy has a 52 week low of $40.80 and a 52 week high of $47.61. The firm has a 50-day moving average price of $43.67 and a two-hundred day moving average price of $44.51. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.52 and a current ratio of 0.80. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 3.32 and a beta of 0.62.

OGE Energy Announces Dividend

The company also recently declared 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 3.6%. OGE Energy’s payout ratio is 68.27%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OGE. Mizuho set a $49.00 target price on OGE Energy in a research note on Thursday. UBS Group reduced their price objective on OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Wells Fargo & Company upped their target price on OGE Energy from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday. Barclays cut their target price on OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Finally, Wall Street Zen raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 24th. Five 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.com, OGE Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.63.

Institutional Trading of OGE Energy

A number of institutional investors and hedge funds have recently modified their holdings of OGE. Invesco Ltd. lifted its holdings in OGE Energy by 11.1% during the fourth quarter. Invesco Ltd. now owns 1,995,299 shares of the utilities provider’s stock worth $85,199,000 after acquiring an additional 199,719 shares during the period. Corient Private Wealth LLC increased its position in shares of OGE Energy by 117.3% during the 4th quarter. Corient Private Wealth LLC now owns 39,291 shares of the utilities provider’s stock valued at $1,678,000 after purchasing an additional 21,213 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of OGE Energy by 1.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 38,065 shares of the utilities provider’s stock worth $1,625,000 after purchasing an additional 708 shares during the period. First Citizens Bank & Trust Co. raised its stake in shares of OGE Energy by 1.6% during the 4th quarter. First Citizens Bank & Trust Co. now owns 18,485 shares of the utilities provider’s stock worth $789,000 after purchasing an additional 300 shares during the period. Finally, EP Wealth Advisors LLC purchased a new position in shares of OGE Energy in the 4th quarter worth about $258,000. 71.84% of the stock is owned by hedge funds and other institutional investors.

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.