Key Points
- OGE Energy insider sale: Insider William Sultemeier sold 7,345 shares on May 21 at an average price of $47.97, totaling about $352,340. After the sale, he still owned 74,497 shares.
- Dividend and recent results: OGE Energy announced a quarterly dividend of $0.425 per share, or $1.70 annualized, for a yield of about 3.5%. Its latest quarterly EPS matched expectations at $0.24, while revenue came in above estimates.
- Analyst sentiment remains mixed: Wall Street currently has a consensus rating of Hold with an average price target of $49.11. Several firms recently raised targets, but overall analyst ratings are split between Buy and Hold.
OGE Energy Corporation (NYSE:OGE - Get Free Report) insider William Sultemeier sold 7,345 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $47.97, for a total transaction of $352,339.65. Following the completion of the sale, the insider owned 74,497 shares in the company, valued at $3,573,621.09. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
OGE Energy Stock Up 1.0%
NYSE OGE opened at $48.56 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.66 and a quick ratio of 0.40. The company's 50 day simple moving average is $47.85 and its 200 day simple moving average is $45.72. OGE Energy Corporation has a 12 month low of $41.69 and a 12 month high of $50.13. The company has a market capitalization of $10.02 billion, a P/E ratio of 21.68, a PEG ratio of 3.56 and a beta of 0.55.
OGE Energy (NYSE:OGE - Get Free Report) last released its earnings results on Tuesday, April 28th. The utilities provider reported $0.24 EPS for the quarter, hitting analysts' consensus estimates of $0.24. OGE Energy had a net margin of 14.03% and a return on equity of 9.47%. The business had revenue of $752.60 million for the quarter, compared to the consensus estimate of $616.02 million. During the same period in the previous year, the firm earned $0.31 EPS. The business's revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts expect that OGE Energy Corporation will post 2.42 earnings per share for the current fiscal year.
OGE Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, July 6th. OGE Energy's payout ratio is presently 75.89%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on OGE shares. Barclays upped their price target on shares of OGE Energy from $49.00 to $51.00 and gave the company an "overweight" rating in a research report on Monday, April 20th. Royal Bank Of Canada restated a "sector perform" rating on shares of OGE Energy in a research report on Friday, January 23rd. JPMorgan Chase & Co. started coverage on shares of OGE Energy in a research report on Friday, March 20th. They issued an "overweight" rating and a $52.00 price target for the company. LADENBURG THALM/SH SH upped their price target on shares of OGE Energy from $42.50 to $47.00 and gave the company a "neutral" rating in a research report on Monday, May 11th. Finally, Wells Fargo & Company upped their price target on shares of OGE Energy from $47.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $49.11.
Get Our Latest Analysis on OGE Energy
Key Headlines Impacting OGE Energy
Here are the key news stories impacting OGE Energy this week:
- Positive Sentiment: Zacks Research raised its fiscal 2027 earnings estimate to $2.59 per share from $2.58, suggesting slightly improved expectations for OGE Energy’s medium-term profitability.
- Positive Sentiment: The firm also nudged up its fiscal 2028 EPS estimate to $2.80 from $2.79, reinforcing a more favorable longer-term outlook for the utility. OGE Energy analyst update
- Positive Sentiment: Analysts lifted near-term 2026 and 2027 quarterly estimates in several cases, including Q3 2026 EPS to $0.95 and Q3 2027 EPS to $0.96, which may help sentiment around earnings stability.
- Neutral Sentiment: OGE Energy’s latest quarterly results matched EPS expectations at $0.24 per share, while revenue came in above estimates, so there was no major earnings surprise driving the stock.
- Negative Sentiment: Some near-term estimates were trimmed, including Q2 2027 EPS to $0.63 from $0.69, Q4 2027 EPS to $0.59 from $0.61, and Q1 2028 EPS to $0.54 from $0.57, which could temper upside expectations.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC increased its stake in OGE Energy by 111.3% in the 1st quarter. Root Financial Partners LLC now owns 598 shares of the utilities provider's stock valued at $29,000 after buying an additional 315 shares during the period. Capital Advisors Ltd. LLC increased its stake in OGE Energy by 14,780.0% in the 1st quarter. Capital Advisors Ltd. LLC now owns 744 shares of the utilities provider's stock valued at $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% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider's stock valued at $36,000 after buying an additional 255 shares during the period. State of Wyoming acquired a new position in OGE Energy in the 2nd quarter valued at approximately $34,000. Finally, Quest 10 Wealth Builders Inc. increased its stake 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 buying an additional 674 shares during the period. Institutional investors and hedge funds own 71.84% of the company's stock.
About OGE Energy
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
