OGE Energy (NYSE:OGE) Reaches New 12-Month High – Here’s Why

OGE Energy Corporation (NYSE:OGE) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $48.21 and last traded at $47.7730, with a volume of 50839 shares changing hands. The stock had previously closed at $47.35.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on OGE shares. Barclays lowered their target price on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. BMO Capital Markets assumed coverage on OGE Energy in a research note on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price objective on the stock. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 24th. Wells Fargo & Company increased their target price on OGE Energy from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, UBS Group decreased 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. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.63.

OGE Energy Stock Up 0.6%

The firm has a 50 day simple moving average of $43.75 and a two-hundred day simple moving average of $44.50. The stock has a market capitalization of $9.82 billion, a P/E ratio of 20.62, a PEG ratio of 3.39 and a beta of 0.62. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 1.08.

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

OGE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Monday, April 6th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Monday, April 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.6%. OGE Energy’s dividend payout ratio is 73.59%.

Institutional Investors Weigh In On OGE Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital A Wealth Management LLC boosted its position in OGE Energy by 5,157.1% in the second quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock valued at $33,000 after buying an additional 722 shares in the last quarter. Quest 10 Wealth Builders Inc. lifted its stake in shares of OGE Energy by 618.3% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 674 shares during the last quarter. State of Wyoming bought a new position in shares of OGE Energy in the 2nd quarter valued at $34,000. Golden State Wealth Management LLC boosted its holdings in shares of OGE Energy by 427.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 632 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in OGE Energy by 49.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 255 shares during the last quarter. 71.84% of the stock is owned by 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.