Wall Street Zen Upgrades OGE Energy (NYSE:OGE) to Hold

OGE Energy (NYSE:OGE) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other brokerages have also weighed in on OGE. Weiss Ratings upgraded OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. LADENBURG THALM/SH SH lifted their target price on OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Wells Fargo & Company upped their price target on OGE Energy from $47.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. BMO Capital Markets cut their price objective on OGE Energy from $50.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Finally, Morgan Stanley set a $51.00 price objective on OGE Energy in a research report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, OGE Energy has an average rating of “Hold” and a consensus target price of $49.80.

OGE Energy Price Performance

Shares of OGE stock opened at $47.45 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.77 and a quick ratio of 0.47. The company has a market capitalization of $9.80 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 3.51 and a beta of 0.53. The firm’s 50-day moving average is $48.21 and its two-hundred day moving average is $47.33. OGE Energy has a 12 month low of $41.69 and a 12 month high of $50.59.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $711.90 million during the quarter, compared to analysts’ expectations of $782.73 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. Analysts predict that OGE Energy will post 2.42 earnings per share for the current year.

Insider Transactions at OGE Energy

In related news, insider William H. Sultemeier sold 7,345 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $47.97, for a total transaction of $352,339.65. Following the transaction, the insider owned 74,497 shares of the company’s stock, valued at approximately $3,573,621.09. This represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.

Institutional Trading of OGE Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC boosted its stake in shares of OGE Energy by 111.3% in the first quarter. Root Financial Partners LLC now owns 598 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 315 shares during the period. Capital Advisors Ltd. LLC increased its stake in OGE Energy by 14,780.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 744 shares of the utilities provider’s stock worth $36,000 after buying an additional 739 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in OGE Energy by 49.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock worth $36,000 after buying an additional 255 shares during the period. State of Wyoming acquired a new stake in OGE Energy during the 2nd quarter worth approximately $34,000. Finally, Quest 10 Wealth Builders Inc. lifted its holdings in OGE Energy by 618.3% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $33,000 after buying an additional 674 shares in the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

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.