OGE Energy (NYSE:OGE) Director Lyle Ganske Acquires 10,420 Shares of Stock

OGE Energy Corporation (NYSE:OGE) Director Lyle Ganske purchased 10,420 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were purchased at an average cost of $47.99 per share, with a total value of $500,055.80. Following the completion of the acquisition, the director directly owned 10,420 shares of the company’s stock, valued at $500,055.80. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

OGE Energy Trading Up 0.6%

NYSE:OGE opened at $48.43 on Wednesday. OGE Energy Corporation has a 1 year low of $40.80 and a 1 year high of $48.72. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.49 and a current ratio of 0.78. The stock has a fifty day moving average price of $43.96 and a two-hundred day moving average price of $44.54. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 3.44 and a beta of 0.62.

OGE Energy (NYSE:OGE) last issued its earnings results on Wednesday, February 18th. The utilities provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. The company 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 firm earned $0.50 EPS. The business’s revenue 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, sell-side analysts anticipate that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Monday, April 6th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, April 6th. OGE Energy’s dividend payout ratio is presently 73.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wells Fargo & Company boosted their price target on OGE Energy from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of OGE Energy in a research report on Friday, January 23rd. UBS Group dropped their price target on OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Mizuho set a $49.00 price target on OGE Energy 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 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $47.63.

Hedge Funds Weigh In On OGE Energy

A number of institutional investors have recently made changes to their positions in OGE. Capital A Wealth Management LLC increased its position in OGE Energy by 5,157.1% during the 2nd quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 722 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in OGE Energy by 49.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 255 shares in the last quarter. State of Wyoming acquired a new stake in shares of OGE Energy during the 2nd quarter worth about $34,000. Golden State Wealth Management LLC grew its holdings in shares of OGE Energy by 427.0% during the second quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock worth $35,000 after buying an additional 632 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. grew its holdings in shares of OGE Energy by 618.3% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $33,000 after buying an additional 674 shares in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

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.