OGE Energy (NYSE:OGE) Director Purchases $500,055.80 in Stock

OGE Energy Corporation (NYSE:OGE) Director Lyle Ganske bought 10,420 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were purchased at an average price of $47.99 per share, with a total value of $500,055.80. Following the purchase, the director owned 10,420 shares of the company’s stock, valued at approximately $500,055.80. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

OGE Energy Stock Up 0.3%

OGE Energy stock opened at $48.54 on Friday. The stock has a market cap of $10.01 billion, a PE ratio of 21.01, a P/E/G ratio of 3.46 and a beta of 0.62. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.78 and a quick ratio of 0.49. The stock’s fifty day moving average is $44.17 and its two-hundred day moving average is $44.60. OGE Energy Corporation has a 1-year low of $40.80 and a 1-year high of $48.72.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.The business had revenue of $725.80 million for the quarter, compared to the consensus estimate of $277.80 million. During the same quarter in the prior year, the business posted $0.50 EPS. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. On average, sell-side analysts expect that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Monday, April 6th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, April 6th. OGE Energy’s payout ratio is currently 73.59%.

Hedge Funds Weigh In On OGE Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in OGE. Norges Bank purchased a new stake in OGE Energy during the 4th quarter valued at approximately $119,028,000. Morgan Stanley increased its holdings in shares of OGE Energy by 103.2% in the fourth quarter. Morgan Stanley now owns 4,628,210 shares of the utilities provider’s stock valued at $197,625,000 after purchasing an additional 2,350,574 shares during the period. Cohen & Steers Inc. purchased a new stake in shares of OGE Energy during the fourth quarter worth approximately $68,460,000. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of OGE Energy by 85.8% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,215,572 shares of the utilities provider’s stock worth $94,605,000 after purchasing an additional 1,022,863 shares during the period. Finally, Boston Partners grew its position in OGE Energy by 15.7% in the 2nd quarter. Boston Partners now owns 6,248,222 shares of the utilities provider’s stock valued at $277,388,000 after buying an additional 846,365 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Analysts Set New Price Targets

OGE has been the topic of a number of recent analyst reports. BMO Capital Markets started coverage on shares of OGE Energy in a research report on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 target price on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of OGE Energy in a report on Friday, January 23rd. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 24th. UBS Group decreased their target price on OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Finally, Barclays dropped their price target on OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, OGE Energy currently has an average rating of “Moderate Buy” and an average price target of $47.63.

OGE Energy Company Profile

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.