OGE Energy Corporation (NYSE:OGE) Given Average Rating of “Moderate Buy” by Brokerages

OGE Energy Corporation (NYSE:OGE) has been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $47.6250.

A number of research analysts have recently commented on OGE shares. UBS Group dropped their price objective on OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Mizuho set a $49.00 target price on OGE Energy in a research note on Thursday, February 19th. BMO Capital Markets began coverage on OGE Energy in a report on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 price target for the company. Wall Street Zen raised shares of OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 24th. Finally, Wells Fargo & Company boosted their target price on OGE Energy from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, February 19th.

OGE Energy Stock Performance

Shares of OGE stock opened at $48.24 on Wednesday. The company has a market cap of $9.95 billion, a P/E ratio of 20.88, a PEG ratio of 3.45 and a beta of 0.61. The firm has a fifty day moving average price of $44.88 and a 200 day moving average price of $44.74. The company has a current ratio of 0.78, a quick ratio of 0.49 and a debt-to-equity ratio of 1.08. OGE Energy has a 12 month low of $40.80 and a 12 month high of $49.55.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $725.80 million for the quarter, compared to analysts’ expectations of $277.80 million. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.OGE Energy’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. Sell-side analysts predict that OGE Energy will post 2.27 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

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

Insider Activity

In related news, Director Lyle G. Ganske acquired 10,420 shares of OGE Energy stock in a transaction on Monday, February 23rd. The stock was purchased at an average cost of $47.99 per share, with a total value of $500,055.80. Following the purchase, the director directly owned 10,420 shares in the company, valued at approximately $500,055.80. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sarah R. Stafford sold 6,130 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $47.77, for a total value of $292,830.10. Following the sale, the chief accounting officer directly owned 28,559 shares of the company’s stock, valued at $1,364,263.43. The trade was a 17.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.55% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Tulsa Wealth Advisors INC acquired a new stake in shares of OGE Energy during the fourth quarter worth $354,000. Caitong International Asset Management Co. Ltd increased its stake in OGE Energy by 389.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,776 shares of the utilities provider’s stock valued at $161,000 after buying an additional 3,005 shares during the period. MidFirst Bank purchased a new position in OGE Energy during the 4th quarter worth $1,089,000. Dean Capital Management raised its position in OGE Energy by 3.2% during the 4th quarter. Dean Capital Management now owns 45,803 shares of the utilities provider’s stock worth $1,956,000 after buying an additional 1,414 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of OGE Energy in the 4th quarter worth $2,046,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

About OGE Energy

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.