Zacks Research Forecasts OGE Energy’s Q4 Earnings (NYSE:OGE)

OGE Energy Corp. (NYSE:OGE) – Stock analysts at Zacks Research increased their Q4 2024 earnings per share estimates for shares of OGE Energy in a research report issued to clients and investors on Thursday, December 19th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $0.46 per share for the quarter, up from their prior estimate of $0.44. The consensus estimate for OGE Energy’s current full-year earnings is $2.14 per share. Zacks Research also issued estimates for OGE Energy’s FY2026 earnings at $2.40 EPS.

Other analysts also recently issued research reports about the company. Barclays boosted their price objective on OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Jefferies Financial Group initiated coverage on shares of OGE Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $40.50.

OGE Energy Price Performance

Shares of NYSE:OGE opened at $41.50 on Monday. The stock’s 50 day moving average price is $41.99 and its 200 day moving average price is $39.67. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 3.80 and a beta of 0.77. OGE Energy has a 12 month low of $32.06 and a 12 month high of $44.41.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.03). The company had revenue of $965.40 million for the quarter, compared to analyst estimates of $1.02 billion. OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 EPS.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Monday, January 6th. OGE Energy’s dividend payout ratio (DPR) is presently 87.05%.

Insiders Place Their Bets

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total transaction of $214,542.72. Following the completion of the sale, the vice president now owns 20,918 shares in the company, valued at approximately $896,127.12. This represents a 19.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On OGE Energy

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in shares of OGE Energy by 2.8% in the third quarter. State Street Corp now owns 6,836,303 shares of the utilities provider’s stock worth $280,425,000 after purchasing an additional 185,069 shares during the period. ClearBridge Investments Ltd raised its position in shares of OGE Energy by 2.7% during the second quarter. ClearBridge Investments Ltd now owns 5,829,222 shares of the utilities provider’s stock valued at $208,103,000 after buying an additional 150,797 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of OGE Energy by 1.2% in the third quarter. Geode Capital Management LLC now owns 3,349,471 shares of the utilities provider’s stock valued at $137,433,000 after buying an additional 40,733 shares during the period. Dimensional Fund Advisors LP grew its position in OGE Energy by 31.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,197,585 shares of the utilities provider’s stock worth $78,453,000 after buying an additional 531,730 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in OGE Energy by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider’s stock valued at $54,960,000 after acquiring an additional 4,761 shares during the period. Institutional investors own 71.84% of the company’s stock.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.