OGE Energy (NYSE:OGE) CAO Sells $292,830.10 in Stock

OGE Energy Corporation (NYSE:OGE) CAO Sarah Stafford sold 6,130 shares of the firm’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 completion of the sale, the chief accounting officer owned 28,559 shares of the company’s stock, valued at approximately $1,364,263.43. The trade was a 17.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

OGE Energy Price Performance

Shares of NYSE:OGE traded up $0.08 on Thursday, reaching $48.49. 335,452 shares of the company were exchanged, compared to its average volume of 1,567,779. The company has a 50-day moving average of $44.06 and a 200-day moving average of $44.57. The company has a current ratio of 0.78, a quick ratio of 0.49 and a debt-to-equity ratio of 1.08. The firm has a market cap of $10.00 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 3.46 and a beta of 0.62. OGE Energy Corporation has a 1-year low of $40.80 and a 1-year high of $48.72.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.The firm had revenue of $725.80 million during the quarter, compared to analysts’ expectations of $277.80 million. During the same period in the previous year, the firm posted $0.50 earnings per share. OGE Energy’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. Equities analysts forecast that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The company 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 $0.425 dividend. The ex-dividend date is Monday, April 6th. This represents a $1.70 dividend on an annualized basis and a yield of 3.5%. OGE Energy’s dividend payout ratio (DPR) is presently 73.59%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OGE. BMO Capital Markets assumed coverage on shares of OGE Energy in a report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price objective for the company. UBS Group dropped their price target on OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Wall Street Zen upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 24th. Wells Fargo & Company raised their price target on shares of OGE Energy from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Finally, Mizuho set a $49.00 price objective on shares of OGE Energy in a research note on Thursday, February 19th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.63.

Institutional Trading of OGE Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC lifted its holdings in OGE Energy by 1,160.8% in the 1st quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider’s stock valued at $4,365,000 after acquiring an additional 87,433 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of OGE Energy by 54.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider’s stock worth $47,966,000 after purchasing an additional 367,960 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of OGE Energy by 4.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 560,664 shares of the utilities provider’s stock worth $25,768,000 after purchasing an additional 23,051 shares in the last quarter. Focus Partners Wealth lifted its stake in OGE Energy by 7.5% during the first quarter. Focus Partners Wealth now owns 9,145 shares of the utilities provider’s stock valued at $420,000 after purchasing an additional 637 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its holdings in OGE Energy by 370.4% during the second quarter. Y Intercept Hong Kong Ltd now owns 31,745 shares of the utilities provider’s stock worth $1,409,000 after buying an additional 24,997 shares in 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.