OGE Energy (NYSE:OGE) Sets New 1-Year High – Time to Buy?

Shares of OGE Energy Corporation (NYSE:OGE) hit a new 52-week high on Monday . The stock traded as high as $49.39 and last traded at $49.3910, with a volume of 107289 shares traded. The stock had previously closed at $49.14.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BMO Capital Markets assumed coverage on shares of OGE Energy in a research report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price objective for the company. UBS Group cut their price objective on OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Royal Bank Of Canada reissued a “sector perform” rating on shares of OGE Energy in a research note on Friday, January 23rd. Wells Fargo & Company lifted their target price on shares of OGE Energy from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Finally, Barclays reduced their target price 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 investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, OGE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $47.63.

OGE Energy Trading Up 0.5%

The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 1.08. The company’s 50-day moving average is $44.30 and its 200-day moving average is $44.61. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 3.51 and a beta of 0.61.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share (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 firm had revenue of $725.80 million during the quarter, compared to the consensus estimate of $277.80 million. During the same period last year, the company earned $0.50 EPS. The company’s quarterly 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. Research analysts anticipate that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Monday, April 6th will be issued a $0.425 dividend. The ex-dividend date is Monday, April 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.4%. OGE Energy’s payout ratio is 73.59%.

Insider Activity at OGE Energy

In related news, Director Lyle G. Ganske bought 10,420 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $500,055.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Sarah R. Stafford sold 6,130 shares of the company’s 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 in the company, valued at approximately $1,364,263.43. This trade represents a 17.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.53% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OGE Energy

Several large investors have recently bought and sold shares of the business. Capital A Wealth Management LLC increased its position in OGE Energy by 5,157.1% during the second quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock worth $33,000 after buying an additional 722 shares during the period. Quest 10 Wealth Builders Inc. raised its position in 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 purchasing an additional 674 shares during the last quarter. State of Wyoming acquired a new stake in OGE Energy during the 2nd quarter worth $34,000. Golden State Wealth Management LLC grew its position in OGE Energy by 427.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 632 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in OGE Energy by 49.4% in 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. Hedge funds and other institutional investors 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.