Ieq Capital LLC Acquires New Stake in OGE Energy Corporation $OGE

Ieq Capital LLC purchased a new stake in shares of OGE Energy Corporation (NYSE:OGE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 129,675 shares of the utilities provider’s stock, valued at approximately $6,310,000.

Other hedge funds have also bought and sold shares of the company. Callan Family Office LLC purchased a new position in shares of OGE Energy in the second quarter valued at $235,000. Allworth Financial LP bought a new stake in shares of OGE Energy during the 2nd quarter valued at about $526,000. Virtus Advisers LLC bought a new stake in OGE Energy during the second quarter valued at approximately $706,000. Ceredex Value Advisors LLC bought a new stake in shares of OGE Energy during the 2nd quarter worth $12,795,000. Finally, Vise Technologies Inc. purchased a new stake in OGE Energy during the second quarter valued at about $832,000. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

OGE Energy Stock Performance

OGE Energy stock opened at $45.67 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The firm has a 50-day moving average of $48.08 and a 200-day moving average of $47.69. The firm has a market cap of $9.43 billion, a P/E ratio of 20.12, a P/E/G ratio of 3.38 and a beta of 0.53. OGE Energy Corporation has a 1-year low of $41.69 and a 1-year high of $50.59.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company 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%.OGE Energy’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 EPS. Sell-side analysts expect that OGE Energy Corporation will post 2.42 EPS for the current year.

Analyst Upgrades and Downgrades

OGE has been the subject of a number of research reports. Barclays upped their price objective on OGE Energy from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Morgan Stanley dropped their target price on OGE Energy from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OGE Energy in a research note on Friday, July 31st. LADENBURG THALM/SH SH upped their target price on OGE Energy from $42.50 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Wells Fargo & Company lifted their price target on shares of OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $49.60.

More OGE Energy News

Here are the key news stories impacting OGE Energy this week:

• Positive Sentiment: Zacks raised its Q3 2026 EPS forecast to $1.02 from $1.00, suggesting somewhat stronger expected results in the upcoming quarter.
• Positive Sentiment: The firm increased its Q3 2027 estimate to $1.04 from $1.03 and lifted its Q4 2027 forecast to $0.58 from $0.55.
• Neutral Sentiment: Zacks’ FY2026 EPS estimate was reduced slightly to $2.42 from $2.43, bringing it in line with the current consensus forecast rather than signaling a material change in full-year expectations.
• Negative Sentiment: Estimates were lowered for Q1 2027 to $0.37 from $0.39 and Q2 2027 to $0.60 from $0.62, pointing to weaker expected earnings in the first half of 2027.
• Negative Sentiment: Longer-term forecasts also fell: Q1 2028 EPS was cut to $0.50 from $0.53, while Q2 2028 EPS was reduced to $0.63 from $0.71. These revisions may be weighing on the stock because they imply some pressure on OGE’s future earnings trajectory.

OGE Energy 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.