OGE Energy (NYSE:OGE) Price Target Raised to $47.00 at LADENBURG THALM/SH SH

OGE Energy (NYSE:OGE) had its price target hoisted by investment analysts at LADENBURG THALM/SH SH from $42.50 to $47.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. LADENBURG THALM/SH SH’s price objective would indicate a potential downside of 0.89% from the stock’s previous close.

A number of other research analysts also recently weighed in on OGE. BMO Capital Markets initiated coverage on OGE Energy in a report on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 target price on the stock. Weiss Ratings raised OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Royal Bank Of Canada reissued a “sector perform” rating on shares of OGE Energy in a report on Friday, January 23rd. Mizuho set a $49.00 price objective on OGE Energy in a research note on Thursday, February 19th. Finally, Barclays raised their price objective on OGE Energy from $49.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $49.11.

OGE Energy Stock Performance

OGE stock traded up $0.07 during trading on Monday, reaching $47.42. The stock had a trading volume of 936,257 shares, compared to its average volume of 1,643,001. OGE Energy has a 52 week low of $41.69 and a 52 week high of $50.13. The stock’s 50 day moving average is $48.03 and its two-hundred day moving average is $45.57. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.09. The firm has a market cap of $9.79 billion, a PE ratio of 21.17, a PEG ratio of 3.51 and a beta of 0.55.

OGE Energy (NYSE:OGE) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. OGE Energy had a return on equity of 9.47% and a net margin of 14.03%.The company had revenue of $752.60 million for the quarter, compared to the consensus estimate of $616.02 million. During the same quarter in the prior year, the company earned $0.31 earnings per share. OGE Energy’s revenue was up .7% on a year-over-year basis. OGE Energy has set its FY 2026 guidance at 2.38-2.48 EPS. As a group, equities analysts anticipate that OGE Energy will post 2.42 earnings per share for the current year.

Insider Activity

In other OGE Energy news, Director Lyle G. Ganske bought 10,420 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was purchased at an average price of $47.99 per share, for a total transaction of $500,055.80. Following the completion of the transaction, the director owned 10,420 shares of the company’s stock, valued at $500,055.80. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Sarah R. Stafford sold 6,130 shares of the stock in a transaction dated 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 owned 28,559 shares of the company’s stock, valued at $1,364,263.43. This represents a 17.67% decrease in their position. The SEC filing for this sale provides additional information. 0.57% of the stock is owned by company insiders.

Institutional Trading of OGE Energy

Institutional investors have recently made changes to their positions in the business. AE Wealth Management LLC grew its position in shares of OGE Energy by 4.7% during the third quarter. AE Wealth Management LLC now owns 356,485 shares of the utilities provider’s stock worth $16,495,000 after purchasing an additional 16,058 shares in the last quarter. ProShare Advisors LLC increased its stake in OGE Energy by 6.1% in the 3rd quarter. ProShare Advisors LLC now owns 779,470 shares of the utilities provider’s stock worth $36,066,000 after acquiring an additional 44,503 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in OGE Energy by 302.8% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 58,392 shares of the utilities provider’s stock worth $2,702,000 after acquiring an additional 43,895 shares during the last quarter. Reaves W H & Co. Inc. increased its stake in OGE Energy by 7.5% in the 3rd quarter. Reaves W H & Co. Inc. now owns 1,335,747 shares of the utilities provider’s stock worth $61,805,000 after acquiring an additional 93,462 shares during the last quarter. Finally, Fisher Asset Management LLC bought a new stake in OGE Energy in the 3rd quarter worth approximately $1,701,000. Hedge funds and other 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.