Sarah Stafford Sells 6,130 Shares of OGE Energy (NYSE:OGE) Stock

OGE Energy Corporation (NYSE:OGE) CAO Sarah Stafford sold 6,130 shares of OGE Energy stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $47.77, for a total value of $292,830.10. Following the completion of the transaction, the chief accounting officer owned 28,559 shares in the company, valued at $1,364,263.43. The trade was a 17.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

OGE Energy Stock Performance

OGE Energy stock opened at $49.09 on Friday. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 3.47 and a beta of 0.62. OGE Energy Corporation has a 12 month low of $40.80 and a 12 month high of $49.18. 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 50-day moving average is $44.30 and its 200-day moving average is $44.62.

OGE Energy (NYSE:OGE) last issued its earnings results on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $277.80 million. During the same quarter in the previous year, the business earned $0.50 EPS. The company’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. Equities analysts anticipate that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Monday, April 6th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, April 6th. OGE Energy’s dividend payout ratio (DPR) is currently 73.59%.

Hedge Funds Weigh In On OGE Energy

Several large investors have recently modified their holdings of OGE. Orion Porfolio Solutions LLC increased its holdings in OGE Energy by 3.3% in the third quarter. Orion Porfolio Solutions LLC now owns 6,979 shares of the utilities provider’s stock valued at $323,000 after buying an additional 222 shares during the last quarter. Bfsg LLC grew its position in shares of OGE Energy by 2.3% in the 4th quarter. Bfsg LLC now owns 10,280 shares of the utilities provider’s stock worth $439,000 after acquiring an additional 232 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of OGE Energy by 0.9% in the 3rd quarter. Blair William & Co. IL now owns 27,454 shares of the utilities provider’s stock valued at $1,270,000 after acquiring an additional 234 shares during the last quarter. Savvy Advisors Inc. increased its holdings in shares of OGE Energy by 1.4% in the 4th quarter. Savvy Advisors Inc. now owns 18,812 shares of the utilities provider’s stock valued at $803,000 after acquiring an additional 251 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of OGE Energy by 49.4% during the 3rd 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. Institutional investors own 71.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on OGE shares. Royal Bank Of Canada reiterated 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 note on Saturday, January 24th. Mizuho set a $49.00 target price on OGE Energy in a report on Thursday, February 19th. BMO Capital Markets initiated coverage on OGE Energy in a research report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective on shares of OGE Energy from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.63.

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.