Q1 Earnings Estimate for OGE Energy Issued By Zacks Research

OGE Energy Corporation (NYSE:OGE) – Investment analysts at Zacks Research reduced their Q1 2027 earnings estimates for OGE Energy in a research report issued to clients and investors on Monday, October 26th. Zacks Research analyst Team now expects that the utilities provider will earn $0.32 per share for the quarter, down from their prior estimate of $0.35. The consensus estimate for OGE Energy’s current full-year earnings is $2.45 per share. Zacks Research also issued estimates for OGE Energy’s Q3 2027 earnings at $1.16 EPS, Q4 2027 earnings at $0.54 EPS, Q1 2028 earnings at $0.48 EPS and FY2028 earnings at $2.82 EPS.

OGE has been the topic of several other research reports. Barclays reiterated an “equal weight” rating and set a $48.00 price objective (down from $52.00) on shares of OGE Energy in a research note on Monday, October 19th. Argus restated a “buy” rating on shares of OGE Energy in a research note on Wednesday, September 16th. Wells Fargo & Company lifted their target price on OGE Energy from $48.00 to $49.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 20th. Royal Bank Of Canada raised OGE Energy from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $50.00 to $54.00 in a report on Wednesday, September 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of OGE Energy in a research report on Friday, July 31st. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, OGE Energy has an average rating of “Hold” and an average target price of $49.00.

OGE Energy Trading Up 0.2%

NYSE OGE opened at $48.51 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.77. OGE Energy has a one year low of $41.69 and a one year high of $50.59. The company has a 50-day simple moving average of $46.35 and a 200-day simple moving average of $46.96. The firm has a market capitalization of $10.02 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 3.15 and a beta of 0.50.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The company had revenue of $711.90 million for the quarter, compared to the consensus estimate of $782.73 million. During the same period last year, the firm posted $0.53 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of OGE Energy during the second quarter valued at approximately $1,277,554,000. Dockside LLC acquired a new position in shares of OGE Energy during the second quarter worth approximately $1,102,000. Jupiter Topco LLC acquired a new position in shares of OGE Energy during the second quarter worth approximately $4,354,000. Royal Bank of Canada grew its holdings in OGE Energy by 89.4% in the 1st quarter. Royal Bank of Canada now owns 157,249 shares of the utilities provider’s stock worth $7,540,000 after buying an additional 74,242 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in OGE Energy by 10.5% in the 1st quarter. Bank of America Corp DE now owns 967,835 shares of the utilities provider’s stock worth $46,417,000 after buying an additional 91,696 shares in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Donnie Jones sold 6,508 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $46.11, for a total transaction of $300,083.88. Following the completion of the transaction, the senior vice president owned 40,555 shares in the company, valued at approximately $1,869,991.05. This represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.57% of the company’s stock.

OGE Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Monday, October 5th will be issued a dividend of $0.4288 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.5%. This is a positive change from OGE Energy’s previous quarterly dividend of $0.4250. The ex-dividend date of this dividend is Monday, October 5th. OGE Energy’s dividend payout ratio is presently 75.77%.

OGE Energy Company Profile

OGE Energy Corp. (NYSE: OGE) is an energy holding company headquartered in Oklahoma City, Oklahoma. Its principal subsidiary, Oklahoma Gas and Electric Company (OG&E), is a regulated electric utility that generates, transmits, distributes and sells electricity to residential, commercial and industrial customers.

OG&E serves customers across Oklahoma and in western Arkansas. Its operations include a diverse generation fleet and the infrastructure needed to deliver electricity, including transmission and distribution networks, customer service programs and energy-efficiency offerings.