OGE Energy (NYSE:OGE) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of OGE Energy (NYSE:OGE) from a sell rating to a hold rating in a research note issued to investors on Saturday.

OGE has been the subject of several other reports. Wells Fargo & Company lifted their target price on OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Morgan Stanley set a $51.00 price target on OGE Energy in a research note on Wednesday, July 22nd. LADENBURG THALM/SH SH raised their price target on OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a report on Monday, May 11th. BMO Capital Markets reduced 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 report on Wednesday, July 22nd. Finally, Barclays lifted their price objective on shares of OGE Energy from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $49.80.

OGE Energy Trading Up 0.4%

OGE Energy stock opened at $47.45 on Friday. OGE Energy has a 52 week low of $41.69 and a 52 week high of $50.59. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.40 and a current ratio of 0.77. The stock has a market capitalization of $9.80 billion, a P/E ratio of 20.90, a PEG ratio of 3.51 and a beta of 0.53. The stock has a 50-day simple moving average of $48.21 and a 200 day simple moving average of $47.29.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $711.90 million for the quarter, compared to the consensus estimate of $782.73 million. OGE Energy had a return on equity of 9.48% and a net margin of 14.44%.The business’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. Analysts expect that OGE Energy will post 2.42 earnings per share for the current year.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were given a $0.425 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.70 annualized dividend and a dividend yield of 3.6%. OGE Energy’s dividend payout ratio is presently 74.89%.

Insider Buying and Selling at OGE Energy

In other news, insider William H. Sultemeier sold 7,345 shares of the 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 transaction, the insider owned 74,497 shares in the company, valued at approximately $3,573,621.09. This trade 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 accessible through this link. Company insiders own 0.57% of the company’s stock.

Institutional Trading of OGE Energy

Several institutional investors have recently added to or reduced their stakes in OGE. Root Financial Partners LLC lifted its holdings in shares of OGE Energy by 111.3% during the first quarter. Root Financial Partners LLC now owns 598 shares of the utilities provider’s stock worth $29,000 after buying an additional 315 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of OGE Energy by 14,780.0% in the first quarter. Capital Advisors Ltd. LLC now owns 744 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 739 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of OGE Energy by 49.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 255 shares in the last quarter. State of Wyoming acquired a new position in shares of OGE Energy in the second quarter valued at about $34,000. Finally, Quest 10 Wealth Builders Inc. grew its stake in shares of OGE Energy by 618.3% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 674 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors.

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.