OGE Energy (NYSE:OGE) Insider William Sultemeier Sells 7,345 Shares

OGE Energy Corporation (NYSE:OGE) insider William Sultemeier sold 7,345 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $47.97, for a total value of $352,339.65. Following the sale, the insider owned 74,497 shares of the company’s stock, valued at $3,573,621.09. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

OGE Energy Trading Up 1.0%

OGE stock traded up $0.46 during trading on Friday, hitting $48.56. 1,042,891 shares of the company traded hands, compared to its average volume of 1,622,812. The firm has a market capitalization of $10.02 billion, a PE ratio of 21.68, a P/E/G ratio of 3.55 and a beta of 0.55. OGE Energy Corporation has a 1 year low of $41.69 and a 1 year high of $50.13. The company has a 50-day moving average of $47.82 and a 200-day moving average of $45.70. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.40 and a current ratio of 0.66.

OGE Energy (NYSE:OGE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $752.60 million during the quarter, compared to analysts’ expectations of $616.02 million. OGE Energy had a return on equity of 9.47% and a net margin of 14.03%.OGE Energy’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 EPS. Analysts predict that OGE Energy Corporation will post 2.42 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The business 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 dividend of $0.425 per share. The ex-dividend date is Monday, July 6th. This represents a $1.70 annualized dividend and a yield of 3.5%. OGE Energy’s dividend payout ratio is currently 75.89%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AE Wealth Management LLC raised its position in shares of OGE Energy by 4.7% in the 3rd quarter. AE Wealth Management LLC now owns 356,485 shares of the utilities provider’s stock worth $16,495,000 after acquiring an additional 16,058 shares in the last quarter. ProShare Advisors LLC raised its position in shares of OGE Energy by 6.1% in the 3rd quarter. ProShare Advisors LLC now owns 779,470 shares of the utilities provider’s stock worth $36,066,000 after acquiring an additional 44,503 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its position in shares of 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 acquiring an additional 43,895 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of OGE Energy by 25.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,092,661 shares of the utilities provider’s stock worth $50,557,000 after acquiring an additional 219,413 shares in the last quarter. Finally, Reaves W H & Co. Inc. raised its position in shares of OGE Energy by 7.5% in the 3rd quarter. Reaves W H & Co. Inc. now owns 1,335,747 shares of the utilities provider’s stock worth $61,805,000 after acquiring an additional 93,462 shares in the last quarter. Institutional investors own 71.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OGE. LADENBURG THALM/SH SH upped their price target on OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of OGE Energy in a research report on Friday, January 23rd. Barclays upped their price target on OGE Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. 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 report on Thursday, April 30th. Finally, JPMorgan Chase & Co. began coverage on OGE Energy in a research report on Friday, March 20th. They set an “overweight” rating and a $52.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.11.

OGE Energy News Roundup

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.

About OGE Energy

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.