Magellan Asset Management Ltd Buys New Position in OGE Energy Corporation $OGE

Magellan Asset Management Ltd bought a new position in OGE Energy Corporation (NYSE:OGE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 231,574 shares of the utilities provider’s stock, valued at approximately $11,268,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Greenland Capital Management LP bought a new stake in shares of OGE Energy in the 2nd quarter valued at $3,635,000. Commerce Bank bought a new position in OGE Energy during the second quarter worth $2,009,000. Northwestern Mutual Wealth Management Co. bought a new position in OGE Energy during the second quarter worth $598,000. Evolve Private Wealth LLC acquired a new stake in OGE Energy in the second quarter worth $298,000. Finally, Emerald Investment Advisers LLC bought a new stake in OGE Energy in the second quarter valued at $4,751,000. 71.84% of the stock is currently owned by institutional investors.

Key OGE Energy News

Here are the key news stories impacting OGE Energy this week:

• Positive Sentiment: Zacks raised its Q3 2026 EPS forecast to $1.02 from $1.00, suggesting somewhat stronger expected results in the upcoming quarter.
• Positive Sentiment: The firm increased its Q3 2027 estimate to $1.04 from $1.03 and lifted its Q4 2027 forecast to $0.58 from $0.55.
• Neutral Sentiment: Zacks’ FY2026 EPS estimate was reduced slightly to $2.42 from $2.43, bringing it in line with the current consensus forecast rather than signaling a material change in full-year expectations.
• Negative Sentiment: Estimates were lowered for Q1 2027 to $0.37 from $0.39 and Q2 2027 to $0.60 from $0.62, pointing to weaker expected earnings in the first half of 2027.
• Negative Sentiment: Longer-term forecasts also fell: Q1 2028 EPS was cut to $0.50 from $0.53, while Q2 2028 EPS was reduced to $0.63 from $0.71. These revisions may be weighing on the stock because they imply some pressure on OGE’s future earnings trajectory.

Analyst Ratings Changes

OGE has been the topic of several research reports. BMO Capital Markets dropped their price objective on shares of OGE Energy from $50.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Wells Fargo & Company boosted their target price on OGE Energy from $47.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Barclays increased their price target on OGE Energy from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Morgan Stanley decreased their price objective on OGE Energy from $51.00 to $49.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $49.60.

OGE Energy Trading Up 0.1%

NYSE:OGE opened at $45.67 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.77 and a quick ratio of 0.47. OGE Energy Corporation has a one year low of $41.69 and a one year high of $50.59. The company has a market cap of $9.43 billion, a PE ratio of 20.12, a PEG ratio of 3.38 and a beta of 0.53. The firm has a 50-day moving average of $48.08 and a 200-day moving average of $47.69.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $711.90 million for the quarter, compared to analysts’ expectations of $782.73 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. As a group, equities research analysts expect that OGE Energy Corporation will post 2.42 EPS for the current fiscal year.

OGE Energy 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.