Insider Selling: OGE Energy (NYSE:OGE) Insider Sells $352,339.65 in Stock

OGE Energy Corporation (NYSE:OGE) insider William Sultemeier sold 7,345 shares of the company’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 value of $352,339.65. Following the completion of the transaction, the insider owned 74,497 shares of the company’s stock, valued at approximately $3,573,621.09. This represents a 8.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

OGE Energy Stock Up 0.0%

Shares of NYSE:OGE opened at $48.56 on Monday. The company has a market capitalization of $10.02 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 3.60 and a beta of 0.55. The company has a 50 day moving average of $47.85 and a two-hundred day moving average of $45.73. OGE Energy Corporation has a 52-week low of $41.69 and a 52-week high of $50.13. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.09.

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

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, July 6th. OGE Energy’s dividend payout ratio is presently 75.89%.

Institutional Investors Weigh In On OGE Energy

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of OGE Energy by 10.5% during the first quarter. Bank of America Corp DE now owns 967,835 shares of the utilities provider’s stock worth $46,417,000 after purchasing an additional 91,696 shares during the last quarter. Janus Henderson Group PLC raised its stake in OGE Energy by 5.5% during the first quarter. Janus Henderson Group PLC now owns 94,891 shares of the utilities provider’s stock valued at $4,550,000 after buying an additional 4,921 shares in the last quarter. Amundi bought a new position in OGE Energy during the 1st quarter worth approximately $379,000. EverSource Wealth Advisors LLC lifted its holdings in OGE Energy by 94.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,571 shares of the utilities provider’s stock worth $171,000 after buying an additional 1,738 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in shares of OGE Energy by 24.0% in the 1st quarter. California State Teachers Retirement System now owns 239,032 shares of the utilities provider’s stock worth $11,464,000 after acquiring an additional 46,280 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

Trending Headlines about 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.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OGE. Wall Street Zen lowered OGE Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Wells Fargo & Company increased their price target on OGE Energy from $47.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Mizuho set a $49.00 price objective on OGE Energy in a research note on Thursday, February 19th. Weiss Ratings upgraded OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. began coverage on OGE Energy in a research report on Friday, March 20th. They issued an “overweight” rating and a $52.00 target price on the stock. 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, OGE Energy has a consensus rating of “Hold” and an average price target of $49.11.

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.