Scotiabank Forecasts OGE Energy’s FY2026 Earnings (NYSE:OGE)

OGE Energy Corporation (NYSE:OGE) – Scotiabank lifted their FY2026 EPS estimates for shares of OGE Energy in a report issued on Monday, November 2nd. Scotiabank analyst I. Rapp now expects that the utilities provider will post earnings of $2.65 per share for the year, up from their prior estimate of $2.42. Scotiabank currently has an “Outperform” rating and a $54.00 target price on the stock. The consensus estimate for OGE Energy’s current full-year earnings is $2.42 per share. Scotiabank also issued estimates for OGE Energy’s FY2027 earnings at $2.67 EPS.

Other research analysts have also issued research reports about the company. Argus reissued a “buy” rating on shares of OGE Energy in a research report on Wednesday, September 16th. Weiss Ratings restated a “buy (b)” rating on shares of OGE Energy in a research report on Thursday, October 29th. JPMorgan Chase & Co. dropped their price target on OGE Energy from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 9th. Morgan Stanley upped their price target on OGE Energy from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 21st. Finally, Royal Bank Of Canada upgraded OGE Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $50.00 to $54.00 in a report on Wednesday, September 2nd. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $50.00.

OGE Energy Stock Performance

OGE Energy stock opened at $50.60 on Thursday. OGE Energy has a fifty-two week low of $41.69 and a fifty-two week high of $51.08. The stock’s 50 day simple moving average is $46.76 and its two-hundred day simple moving average is $47.20. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.52 and a current ratio of 0.81. The stock has a market cap of $10.46 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 3.23 and a beta of 0.48.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Tuesday, October 27th. The utilities provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.16. OGE Energy had a net margin of 16.36% and a return on equity of 10.97%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. OGE Energy’s revenue was up 13.2% on a year-over-year basis.

OGE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Monday, October 5th were issued a $0.4288 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.4%. This is a boost from OGE Energy’s previous quarterly dividend of $0.4250. The ex-dividend date was Monday, October 5th. OGE Energy’s dividend payout ratio is currently 64.91%.

Insiders Place Their Bets

In other OGE Energy news, SVP Donnie Jones sold 6,508 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $46.11, for a total transaction of $300,083.88. Following the completion of the transaction, the senior vice president owned 40,555 shares of the company’s stock, valued at approximately $1,869,991.05. This trade represents a 13.83% 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.

Hedge Funds Weigh In On OGE Energy

Several large investors have recently made changes to their positions in OGE. Lido Advisors LLC lifted its stake in OGE Energy by 86.0% during the 3rd quarter. Lido Advisors LLC now owns 23,328 shares of the utilities provider’s stock valued at $1,060,000 after acquiring an additional 10,786 shares during the period. Keybank National Association OH boosted its holdings in shares of OGE Energy by 70.4% during the 3rd quarter. Keybank National Association OH now owns 7,012 shares of the utilities provider’s stock valued at $318,000 after acquiring an additional 2,897 shares during the last quarter. AlphaCore Capital LLC boosted its holdings in shares of OGE Energy by 89.8% during the 3rd quarter. AlphaCore Capital LLC now owns 14,039 shares of the utilities provider’s stock valued at $638,000 after acquiring an additional 6,644 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of OGE Energy by 41.0% in the third quarter. Parallel Advisors LLC now owns 6,166 shares of the utilities provider’s stock worth $280,000 after acquiring an additional 1,792 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of OGE Energy in the third quarter worth approximately $246,000. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

About OGE Energy

OGE Energy Corp. (NYSE: OGE) is an energy holding company headquartered in Oklahoma City, Oklahoma. Its principal subsidiary, Oklahoma Gas and Electric Company (OG&E), is a regulated electric utility that generates, transmits, distributes and sells electricity to residential, commercial and industrial customers.

OG&E serves customers across Oklahoma and in western Arkansas. Its operations include a diverse generation fleet and the infrastructure needed to deliver electricity, including transmission and distribution networks, customer service programs and energy-efficiency offerings.