OGE Energy (NYSE:OGE) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of OGE Energy (NYSE:OGE) in a research report issued on Friday. The firm set an “overweight” rating and a $52.00 price target on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 9.78% from the company’s previous close.

Several other research firms have also recently issued reports on OGE. Mizuho set a $49.00 price objective on OGE Energy in a research report on Thursday, February 19th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of OGE Energy in a research note on Friday, January 23rd. Barclays lowered their target price on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. BMO Capital Markets initiated coverage on shares of OGE Energy in a research report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price target for the company. Finally, Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 24th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.11.

OGE Energy Price Performance

Shares of NYSE:OGE opened at $47.37 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average price of $45.81 and a 200 day moving average price of $44.91. OGE Energy has a 52 week low of $40.80 and a 52 week high of $49.55. The company has a market cap of $9.77 billion, a P/E ratio of 20.51, a PEG ratio of 3.42 and a beta of 0.61.

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. The business had revenue of $725.80 million during the quarter, compared to the consensus estimate of $277.80 million. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.The company’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 EPS. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. Research analysts predict that OGE Energy will post 2.27 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Lyle G. Ganske bought 10,420 shares of the stock in a transaction on Monday, February 23rd. The shares were purchased at an average price of $47.99 per share, for a total transaction of $500,055.80. Following the acquisition, the director owned 10,420 shares in the company, valued at $500,055.80. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Sarah R. Stafford sold 6,130 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $47.77, for a total value of $292,830.10. Following the transaction, the chief accounting officer directly owned 28,559 shares of the company’s stock, valued at $1,364,263.43. The trade was a 17.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.55% of the company’s stock.

Institutional Trading of OGE Energy

A number of large investors have recently made changes to their positions in OGE. Rockefeller Capital Management L.P. lifted its holdings in OGE Energy by 9.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 17,739 shares of the utilities provider’s stock valued at $757,000 after purchasing an additional 1,575 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of OGE Energy by 13.6% in the fourth quarter. Corient Private Wealth LLC now owns 20,535 shares of the utilities provider’s stock valued at $880,000 after buying an additional 2,457 shares during the last quarter. Tulsa Wealth Advisors INC purchased a new position in shares of OGE Energy during the fourth quarter valued at approximately $354,000. Caitong International Asset Management Co. Ltd boosted its position in OGE Energy by 389.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,776 shares of the utilities provider’s stock worth $161,000 after acquiring an additional 3,005 shares during the last quarter. Finally, MidFirst Bank purchased a new stake in OGE Energy in the 4th quarter worth approximately $1,089,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

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.