Equities Analysts Issue Forecasts for OGE Energy Q4 Earnings

OGE Energy Corp. (NYSE:OGE) – Investment analysts at Zacks Research raised their Q4 2024 EPS estimates for OGE Energy in a research note issued on Thursday, December 19th. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $0.46 per share for the quarter, up from their previous forecast of $0.44. The consensus estimate for OGE Energy’s current full-year earnings is $2.14 per share. Zacks Research also issued estimates for OGE Energy’s FY2026 earnings at $2.40 EPS.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group started coverage on OGE Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Barclays raised their target price on OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.50.

OGE Energy Price Performance

NYSE:OGE opened at $41.50 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. The firm has a market cap of $8.34 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77. OGE Energy has a 12 month low of $32.06 and a 12 month high of $44.41. The company’s 50-day moving average price is $41.99 and its two-hundred day moving average price is $39.67.

OGE Energy (NYSE:OGE) last posted its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.03). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The company had revenue of $965.40 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business earned $1.20 EPS. OGE Energy’s quarterly revenue was up 2.1% compared to the same quarter last year.

OGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be paid a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Monday, January 6th. OGE Energy’s dividend payout ratio (DPR) is presently 87.05%.

Insider Transactions at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total transaction of $214,542.72. Following the completion of the transaction, the vice president now directly owns 20,918 shares in the company, valued at approximately $896,127.12. The trade was a 19.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in OGE Energy in the third quarter worth $30,000. Kimelman & Baird LLC bought a new stake in shares of OGE Energy in the 2nd quarter valued at $38,000. Allspring Global Investments Holdings LLC raised its stake in OGE Energy by 23.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock worth $53,000 after buying an additional 278 shares during the period. Fortitude Family Office LLC bought a new position in OGE Energy during the third quarter worth about $63,000. Finally, Signaturefd LLC grew its stake in OGE Energy by 21.6% in the second quarter. Signaturefd LLC now owns 2,541 shares of the utilities provider’s stock valued at $91,000 after acquiring an additional 452 shares during the period. Institutional investors own 71.84% of the company’s stock.

About OGE Energy

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.