OGE Energy Corporation (NYSE:OGE - Get Free Report) Director Lyle Ganske purchased 10,420 shares of OGE Energy stock in a transaction on Monday, February 23rd. The shares were acquired at an average cost of $47.99 per share, for a total transaction of $500,055.80. Following the purchase, the director owned 10,420 shares in the company, valued at approximately $500,055.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
OGE Energy Price Performance
Shares of NYSE:OGE opened at $48.43 on Wednesday. The company has a market cap of $9.99 billion, a P/E ratio of 20.96, a P/E/G ratio of 3.44 and a beta of 0.62. The business has a fifty day simple moving average of $43.96 and a 200-day simple moving average of $44.54. OGE Energy Corporation has a 52 week low of $40.80 and a 52 week high of $48.72. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 1.08.
OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $725.80 million for the quarter, compared to analyst estimates of $277.80 million. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.The firm's quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the company earned $0.50 EPS. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. Equities research analysts forecast that OGE Energy Corporation will post 2.27 EPS for the current year.
OGE Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Monday, April 6th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Monday, April 6th. This represents a $1.70 annualized dividend and a yield of 3.5%. OGE Energy's dividend payout ratio is 73.59%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AE Wealth Management LLC lifted its position in shares of OGE Energy by 4.7% during the third quarter. AE Wealth Management LLC now owns 356,485 shares of the utilities provider's stock worth $16,495,000 after purchasing an additional 16,058 shares in the last quarter. ProShare Advisors LLC increased its stake in OGE Energy by 6.1% during the 3rd quarter. ProShare Advisors LLC now owns 779,470 shares of the utilities provider's stock worth $36,066,000 after buying an additional 44,503 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in OGE Energy by 302.8% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 58,392 shares of the utilities provider's stock worth $2,702,000 after buying an additional 43,895 shares in the last quarter. Pacer Advisors Inc. boosted its position in OGE Energy by 390.6% in the 3rd quarter. Pacer Advisors Inc. now owns 36,805 shares of the utilities provider's stock valued at $1,703,000 after buying an additional 29,303 shares during the last quarter. Finally, Reaves W H & Co. Inc. grew its stake in shares of OGE Energy by 7.5% during the third quarter. Reaves W H & Co. Inc. now owns 1,335,747 shares of the utilities provider's stock valued at $61,805,000 after acquiring an additional 93,462 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.
Wall Street Analysts Forecast Growth
OGE has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of OGE Energy from a "sell" rating to a "hold" rating in a report on Saturday, January 24th. Barclays reduced their target price on OGE Energy from $51.00 to $49.00 and set an "overweight" rating on the stock in a report on Thursday, January 22nd. Mizuho set a $49.00 price target on OGE Energy in a research note on Thursday, February 19th. Royal Bank Of Canada restated a "sector perform" rating on shares of OGE Energy in a report on Friday, January 23rd. Finally, BMO Capital Markets began coverage on OGE Energy in a report on Tuesday, January 13th. They set a "market perform" rating and a $45.00 target price for the company. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, OGE Energy presently has an average rating of "Moderate Buy" and an average price target of $47.63.
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OGE Energy Company Profile
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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.
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