Zacks Research Comments on OGE Energy Corp.’s FY2025 Earnings (NYSE:OGE)

OGE Energy Corp. (NYSE:OGE) – Stock analysts at Zacks Research lowered their FY2025 earnings per share (EPS) estimates for OGE Energy in a research note issued to investors on Thursday, September 12th. Zacks Research analyst A. Dutta now anticipates that the utilities provider will post earnings per share of $2.25 for the year, down from their previous estimate of $2.26. The consensus estimate for OGE Energy’s current full-year earnings is $2.14 per share.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.05. The business had revenue of $662.60 million for the quarter, compared to analysts’ expectations of $837.51 million. OGE Energy had a return on equity of 9.15% and a net margin of 14.83%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share.

A number of other analysts have also recently weighed in on the company. Barclays raised their price target on OGE Energy from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Evercore ISI raised their price objective on OGE Energy from $36.00 to $40.00 and gave the stock an “in-line” rating in a report on Thursday, August 8th. Finally, Argus lowered OGE Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $35.33.

OGE Energy Stock Up 0.5 %

Shares of NYSE OGE opened at $41.19 on Monday. OGE Energy has a 12-month low of $31.25 and a 12-month high of $41.48. The company has a current ratio of 0.71, a quick ratio of 0.36 and a debt-to-equity ratio of 1.08. The stock has a market cap of $8.26 billion, a P/E ratio of 21.02, a PEG ratio of 3.74 and a beta of 0.74. The business’s fifty day simple moving average is $38.66 and its 200-day simple moving average is $36.16.

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. EverSource Wealth Advisors LLC grew its holdings in shares of OGE Energy by 178.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 762 shares of the utilities provider’s stock worth $27,000 after buying an additional 488 shares during the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of OGE Energy by 392.8% during the first quarter. Pinnacle Bancorp Inc. now owns 823 shares of the utilities provider’s stock worth $28,000 after buying an additional 656 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of OGE Energy during the second quarter worth about $35,000. Voisard Asset Management Group Inc. purchased a new position in shares of OGE Energy during the fourth quarter worth about $36,000. Finally, Kimelman & Baird LLC purchased a new position in shares of OGE Energy during the second quarter worth about $38,000. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.