OGE Energy (NYSE:OGE) CAO Sarah Stafford Sells 6,130 Shares of Stock

OGE Energy Corporation (NYSE:OGE) CAO Sarah 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 transaction, the chief accounting officer owned 28,559 shares in the company, valued at approximately $1,364,263.43. This trade represents a 17.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

OGE Energy Stock Performance

OGE opened at $48.54 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.78 and a quick ratio of 0.49. The business has a fifty day simple moving average of $44.17 and a 200 day simple moving average of $44.60. OGE Energy Corporation has a 1 year low of $40.80 and a 1 year high of $48.72. The company has a market capitalization of $10.01 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 3.46 and a beta of 0.62.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm 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%.The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 EPS. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. Research analysts expect that OGE Energy Corporation will post 2.27 EPS for the current year.

OGE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders 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 yield of 3.5%. OGE Energy’s payout ratio is currently 73.59%.

Hedge Funds Weigh In On OGE Energy

Large investors have recently bought and sold shares of the company. Orion Porfolio Solutions LLC raised its holdings in OGE Energy by 3.3% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,979 shares of the utilities provider’s stock valued at $323,000 after buying an additional 222 shares during the last quarter. Bfsg LLC grew its holdings in OGE Energy by 2.3% during the 4th quarter. Bfsg LLC now owns 10,280 shares of the utilities provider’s stock worth $439,000 after acquiring an additional 232 shares during the period. Blair William & Co. IL increased its holdings in OGE Energy by 0.9% in the third quarter. Blair William & Co. IL now owns 27,454 shares of the utilities provider’s stock worth $1,270,000 after purchasing an additional 234 shares in the last quarter. Savvy Advisors Inc. increased its stake in shares of OGE Energy by 1.4% in the 4th quarter. Savvy Advisors Inc. now owns 18,812 shares of the utilities provider’s stock valued at $803,000 after acquiring an additional 251 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of OGE Energy by 49.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 255 shares during the period. 71.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on OGE shares. BMO Capital Markets initiated coverage on OGE Energy in a research note on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 price target for the company. Wells Fargo & Company lifted their price objective on OGE Energy from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. UBS Group reduced their target price on OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Royal Bank Of Canada restated a “sector perform” rating on shares of OGE Energy in a research report on Friday, January 23rd. Finally, Barclays cut their price objective on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, OGE Energy currently has an average rating of “Moderate Buy” and an average price target of $47.63.

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.