FY2026 Earnings Forecast for OGE Energy Issued By Scotiabank

OGE Energy Corporation (NYSE:OGE) – Investment analysts at Scotiabank upped their FY2026 earnings per share (EPS) estimates for shares of OGE Energy in a report issued on Monday, November 2nd. Scotiabank analyst I. Rapp now expects that the utilities provider will earn $2.65 per share for the year, up from their previous forecast of $2.42. Scotiabank currently has an “Outperform” rating and a $54.00 target price on the stock. The consensus estimate for OGE Energy’s current full-year earnings is $2.42 per share. Scotiabank also issued estimates for OGE Energy’s FY2027 earnings at $2.67 EPS.

A number of other research analysts also recently weighed in on OGE. JPMorgan Chase & Co. lowered their target price on OGE Energy from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, September 9th. Argus restated a “buy” rating on shares of OGE Energy in a research note on Wednesday, September 16th. Barclays upped their price target on shares of OGE Energy from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, October 30th. BMO Capital Markets reduced their price target on shares of 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. Finally, Wells Fargo & Company increased their price objective on shares of OGE Energy from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 29th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $50.00.

OGE Energy Stock Performance

Shares of OGE opened at $50.60 on Thursday. The firm has a market capitalization of $10.46 billion, a P/E ratio of 18.53, a PEG ratio of 3.23 and a beta of 0.48. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.52. OGE Energy has a one year low of $41.69 and a one year high of $51.08. The business has a fifty day moving average of $46.76 and a 200 day moving average of $47.20.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Tuesday, October 27th. The utilities provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.16. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.12 billion. OGE Energy had a return on equity of 10.97% and a net margin of 16.36%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the business posted $1.14 EPS.

OGE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Monday, October 5th were given a dividend of $0.4288 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, October 5th. This is a positive change from OGE Energy’s previous quarterly dividend of $0.4250. OGE Energy’s payout ratio is presently 64.91%.

Insider Activity at OGE Energy

In related news, SVP Donnie Jones sold 6,508 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $46.11, for a total value of $300,083.88. Following the transaction, the senior vice president directly owned 40,555 shares of the company’s stock, valued at approximately $1,869,991.05. This trade represents a 13.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.57% of the stock is owned by company insiders.

Institutional Trading of OGE Energy

Several hedge funds have recently bought and sold shares of OGE. BlackRock Inc. purchased a new stake in OGE Energy in the second quarter worth about $1,277,554,000. State Street Corp lifted its position in shares of OGE Energy by 2.8% during the 2nd quarter. State Street Corp now owns 7,226,476 shares of the utilities provider’s stock valued at $351,640,000 after buying an additional 198,593 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of OGE Energy by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,688,307 shares of the utilities provider’s stock valued at $128,931,000 after buying an additional 24,529 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of OGE Energy during the 2nd quarter valued at approximately $102,382,000. Finally, Energy Income Partners LLC bought a new position in shares of OGE Energy during the 2nd quarter valued at approximately $99,016,000. Institutional investors own 71.84% of the company’s stock.

OGE Energy Company Profile

OGE Energy Corp. (NYSE: OGE) is an energy holding company headquartered in Oklahoma City, Oklahoma. Its principal subsidiary, Oklahoma Gas and Electric Company (OG&E), is a regulated electric utility that generates, transmits, distributes and sells electricity to residential, commercial and industrial customers.

OG&E serves customers across Oklahoma and in western Arkansas. Its operations include a diverse generation fleet and the infrastructure needed to deliver electricity, including transmission and distribution networks, customer service programs and energy-efficiency offerings.