Q4 Earnings Forecast for OGE Energy Issued By Zacks Research

OGE Energy Corporation (NYSE:OGE) – Equities researchers at Zacks Research lowered their Q4 2027 earnings estimates for shares of OGE Energy in a research note issued on Thursday, October 1st. Zacks Research analyst Team now anticipates that the utilities provider will earn $0.60 per share for the quarter, down from their prior forecast of $0.61. The consensus estimate for OGE Energy’s current full-year earnings is $2.42 per share. Zacks Research also issued estimates for OGE Energy’s Q3 2028 earnings at $1.05 EPS.

OGE has been the subject of several other reports. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Barclays raised their price target on OGE Energy from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. BMO Capital Markets lowered their price objective on shares of OGE Energy from $50.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Scotiabank initiated coverage on shares of OGE Energy in a report on Tuesday, September 29th. They set a “sector outperform” rating and a $49.00 target price on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of OGE Energy in a report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, OGE Energy presently has an average rating of “Moderate Buy” and an average target price of $49.73.

OGE Energy Trading Down 0.7%

OGE opened at $45.03 on Monday. The stock’s fifty day moving average is $46.35 and its two-hundred day moving average is $47.43. The company has a market capitalization of $9.30 billion, a P/E ratio of 19.84, a PEG ratio of 2.98 and a beta of 0.50. OGE Energy has a 52 week low of $41.69 and a 52 week high of $50.59. The company has a quick ratio of 0.47, a current ratio of 0.77 and a debt-to-equity ratio of 1.12.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of OGE Energy during the second quarter worth about $1,277,554,000. Bank of New York Mellon Corp purchased a new position in shares of OGE Energy in the 2nd quarter valued at approximately $102,382,000. Energy Income Partners LLC purchased a new position in shares of OGE Energy in the 2nd quarter valued at approximately $99,016,000. Cohen & Steers Inc. acquired a new stake in OGE Energy in the 4th quarter worth approximately $68,460,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in OGE Energy in the 2nd quarter worth approximately $56,300,000. Institutional investors own 71.84% of the company’s stock.

Insider Buying and Selling at OGE Energy

In other news, SVP Donnie Jones sold 6,508 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $46.11, for a total value of $300,083.88. Following the sale, the senior vice president directly owned 40,555 shares in the company, valued at approximately $1,869,991.05. This trade represents a 13.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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. Shareholders of record on Monday, October 5th will be given a dividend of $0.4288 per share. The ex-dividend date of this dividend is Monday, October 5th. This is a positive change from OGE Energy’s previous quarterly dividend of $0.4250. This represents a $1.72 annualized dividend and a dividend yield of 3.8%. OGE Energy’s payout ratio is currently 74.89%.

OGE Energy Company Profile

OGE Energy Corp. (NYSE: OGE) is an energy holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas and Electric Company (OG&E), the company provides regulated electric utility services, including the generation, transmission, distribution and retail sale of electricity.

OG&E serves residential, commercial and industrial customers across Oklahoma and western Arkansas. Its operations include a portfolio of power-generation facilities and an electric transmission and distribution network supporting the communities and businesses within its service territory.

OGE Energy traces its utility operations to the founding of Oklahoma Gas and Electric in 1902.