OGE Energy (NYSE:OGE) Azioni

OGE Energy

OGE Energy is a holding company for Oklahoma Gas & Electric, a regulated utility with electricity generation, transmission, and distribution to 900,000 customers in Oklahoma and western Arkansas. In December 2021, OGE divested its 25.5% stake in Enable Midstream Partners, an oil and gas services company it created in 2013 through a unit exchange merger with Energy Transfer. OGE sold its 95.4 million limited partner units of Energy Transfer throughout 2022. OGE sold its retail gas business in 1928 and no longer has any gas operations.

Barclays analyst Nicholas Campanella upgrades OGE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) from Equal-Weight to Overweight and raises the price target from $45 to $47.

News

Upgrades

Price Target

Analyst Ratings

Barclays Upgrades OGE Energy to Overweight, Raises Price Target to $47

Wells Fargo analyst Sarah Akers maintains OGE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) with a Equal-Weight and raises the price target from $46 to $47.

Wells Fargo Maintains Equal-Weight on OGE Energy, Raises Price Target to $47

OGE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) affirms FY2025 GAAP EPS guidance from $2.21-$2.33 to $2.21-$2.33 vs $2.27 analyst estimate..

Guidance

OGE Energy Affirms FY2025 GAAP EPS Guidance of $2.21-$2.33 vs $2.27 Est

OGE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) reported quarterly earnings of $0.31 per share which beat the analyst consensus estimate of $0.23 by 34.78 percent. This is a 244.44 percent increase over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $747.70 million which beat the analyst consensus estimate of $699.59 million by 6.88 percent. This is a 25.28 percent increase over sales of $596.80 million the same period last year.

Earnings

Earnings Beats

OGE Energy Q1 EPS $0.31 Beats $0.23 Estimate, Sales $747.70M Beat $699.59M Estimate

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Earnings Scheduled For April 30, 2025

Barclays analyst Nicholas Campanella maintains OGE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) with a Equal-Weight and raises the price target from $44 to $45.

Barclays Maintains Equal-Weight on OGE Energy, Raises Price Target to $45

Argus Research analyst Gary Hovis upgrades OGE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) from Hold to Buy and announces $47 price target.

Argus Research Upgrades OGE Energy to Buy, Announces $47 Price Target

Barclays analyst Nicholas Campanella maintains OGE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) with a Equal-Weight and raises the price target from $42 to $44.

Barclays Maintains Equal-Weight on OGE Energy, Raises Price Target to $44

OGE Energy Expects 2025 GAAP EPS Guidance Of $2.21-$2.33 Vs. $2.27 Est.

OGE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) reported quarterly earnings of $0.50 per share which beat the analyst consensus estimate of $0.49 by 2.04 percent. This is a 108.33 percent increase over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $760.500 million which beat the analyst consensus estimate of $750.805 million by 1.29 percent. This is a 34.20 percent increase over sales of $566.700 million the same period last year.

OGE Energy Q4 2024 GAAP EPS $0.50 Beats $0.49 Estimate, Sales $760.500M Beat $750.805M Estimate

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Earnings Scheduled For February 19, 2025

Barclays analyst Nicholas Campanella maintains OGE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) with a Equal-Weight and lowers the price target from $43 to $42.

Barclays Maintains Equal-Weight on OGE Energy, Lowers Price Target to $42

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OGE Energy shares are trading higher after Evercore ISI Group upgraded the stock from In-Line to Outperform and raised its price target from $40 to $47.

Evercore ISI Group analyst Durgesh Chopra upgrades OGE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) from In-Line to Outperform and raises the price target from $40 to $47.

Evercore ISI Group Upgrades OGE Energy to Outperform, Raises Price Target to $47

OGE Energy Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>), the parent company of Oklahoma Gas and Electric Company, announced today that Charles Walworth is appointed Chief Financial Officer and Treasurer, effective December 4, 2024. Walworth is a 25-year veteran of the company, holding a variety of finance roles during his tenure. Most recently, Walworth served as treasurer.

Management

OGE Energy Corp. Appoints Charles Walworth CFO And Treasurer, Effective December 4, 2024

Due to strong load growth and warmer than normal weather, OGE Energy expects 2024 consolidated earnings at the top of its original guidance range of $2.06 to $2.18 per average diluted share.

OGE Energy Expects FY24 GAAP EPS Guidance At The Top Of Its Guidance Range Of $2.06-$2.18 vs $2.14 Estimate

OGE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) reported quarterly earnings of $1.09 per share which missed the analyst consensus estimate of $1.12 by 2.68 percent. The company reported quarterly sales of $965.400 million which missed the analyst consensus estimate of $968.840 million by 0.36 percent. This is a 2.12 percent increase over sales of $945.400 million the same period last year.

Earnings Misses

OGE Energy Q3 2024 GAAP EPS $1.09 Misses $1.12 Estimate, Sales $965.400M Miss $968.840M Estimate

Barclays analyst Nicholas Campanella maintains OGE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) with a Equal-Weight and raises the price target from $39 to $42.

Barclays Maintains Equal-Weight on OGE Energy, Raises Price Target to $42

Jefferies analyst Julien Dumoulin-Smith initiates coverage on OGE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) with a Buy rating and announces Price Target of $46.

Initiation

Jefferies Initiates Coverage On OGE Energy with Buy Rating, Announces Price Target of $46

BofA Securities analyst Ross Fowler reinstated coverage on four US utilities in the Great Plains.
The analyst reinstated the Buy rating at Evergy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>) and MDU Resources Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>).
Meanwhile, Fowler reinstated the Neutral rating on OGE Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) and Underperform rating on Black Hills Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>).
EVRG: The analyst reinstated Buy rating with a <a href="https://www.benzinga.com/quote/evrg/analyst-ratings" target="_blank" rel="noreferrer noopener">price target at $66</a>. The analyst says that despite trading at a 10% discount compared to peers on a 2026E P/E basis, the improving Kansas regulatory environment, which supports higher rate base growth, appears undervalued.
The analyst estimates FY24, FY25 and FY26E EPS at $3.86, $4.09 and $4.30, respectively, all above consensus.&nbsp;&nbsp;
Fowler writes that consensus EPS estimates for FY26 and FY27 remain largely unchanged despite the benefits from House Bill 2527.
MDU: The analyst reinstated Buy rating with a <a href="https://www.benzinga.com/quote/mdu/analyst-ratings" target="_blank" rel="noreferrer noopener">price target of $28</a>. Fowler believes the current 15% discount to the electric utility peer group is unjustified, considering MDU&#8217;s ongoing transition to a pure-play regulated utility and pipeline operator, along with its projected 6-8% EPS growth rate through the planning period.
Although the company&#8217;s multi-jurisdictional presence may lead to some delays in recovery, the analyst expects sustained support for earned ROEs at the electric utility, driven by a strong pipeline of data center customer connections in areas experiencing transmission congestion.
Also Read: <a href="https://www.benzinga.com//node/40112086" target="_blank" rel="noreferrer noopener">August Heat Wave Grips US: 12 Stocks To Watch As Blistering Temperatures Affect Nearly 150 Million Americans</a>
OGE: The analyst <a href="https://www.benzinga.com/quote/oge/analyst-ratings" target="_blank" rel="noreferrer noopener">reinstated Neutral rating with a $40 price target</a>. While the analyst values OGE&#8217;s execution and growth potential from data center and crypto-mining load, the challenging regulatory environment in Oklahoma and significant capital investments needed for resource adequacy present risks.
Fowler expects EPS estimates of $2.14, $2.28, and $2.43 for FY24, FY25, and FY26, respectively, in line with consensus estimates.
BKH: The analyst <a href="https://www.benzinga.com/quote/bkh/analyst-ratings">reinstated Underperform rating with a $59 price target</a>. The analyst says that BKH&#8217;s electric utility operations are poised for growth with rising residential, commercial, and data center load, which currently contributes 5% to EPS and is expected to exceed 10% by 2028.
Fowler expects rate base expansion opportunities in South Dakota and Colorado to support a 7%+ CAGR. However, $1.6 billion in debt maturities from 2023 to 2028, with a 3.03% average interest rate, could create a ~$0.50 EPS headwind, exacerbating risks given BKH&#8217;s already low 4-6% target EPS CAGR, adds the analyst.
Fowler anticipates EPS estimates of $3.88, $4.13, and $4.35 for FY24, FY25, and FY26, below the consensus estimates of $3.92, $4.14, and $4.40, respectively.
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Analyst Color

Equities

Large Cap

Mid Cap

Trading Ideas

EVRG

Evergy, MDU Set For Growth But Black Hills Faces EPS Headwinds, Says BofA Analyst

Dividends

Commodities

Press Releases

OGE Energy Corp. Board of Directors declares quarterly dividend

OGE Energy Corp. third quarter 2024 earnings webcast

OGE Energy Corp. reports third quarter 2024 results

OGE Energy Corp. appoints Walworth as chief financial officer

OGE Energy Corp. fourth quarter 2024 earnings webcast

OGE Energy Corp. reports 2024 results and outlook for 2025

OGE Energy Corp. first quarter 2025 earnings webcast

OGE Energy Corp. reports first quarter 2025 results

OGE Energy elects board of directors at annual meeting

OGE Energy Corp. second quarter 2025 earnings webcast

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Centrais Electricas Brasileiras S A American Depositary Shares (Each representing one Common Share)

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Centrais Electricas Brasileiras S.A. Sponsored ADS representing Pfd Shares

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Companhia Paranaense de Energia (COPEL) American Depositary Shares (each representing one Unit consisting one Common Share and four non-voting Class B Preferred Shares)

Cia Paranaense De Energia

Companhia Paranaense de Energia (COPEL) American Depositary Shares (each representing four (4) Common Shares)

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