Greenland Capital Management LP Acquires New Stake in OGE Energy Corporation $OGE

Greenland Capital Management LP bought a new position in OGE Energy Corporation (NYSE:OGE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 45,830 shares of the utilities provider’s stock, valued at approximately $2,121,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of OGE. Millennium Management LLC boosted its position in shares of OGE Energy by 1,160.8% during the first quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider’s stock worth $4,365,000 after buying an additional 87,433 shares during the period. Goldman Sachs Group Inc. lifted its stake in OGE Energy by 54.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider’s stock valued at $47,966,000 after acquiring an additional 367,960 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in OGE Energy by 4.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 560,664 shares of the utilities provider’s stock worth $25,768,000 after acquiring an additional 23,051 shares during the last quarter. Focus Partners Wealth grew its stake in shares of OGE Energy by 7.5% during the 1st quarter. Focus Partners Wealth now owns 9,145 shares of the utilities provider’s stock worth $420,000 after acquiring an additional 637 shares in the last quarter. Finally, Ingalls & Snyder LLC grew its stake in shares of OGE Energy by 0.9% during the 2nd quarter. Ingalls & Snyder LLC now owns 61,884 shares of the utilities provider’s stock worth $2,746,000 after acquiring an additional 545 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Stock Performance

Shares of OGE opened at $48.10 on Tuesday. The firm has a 50-day moving average of $43.85 and a 200-day moving average of $44.52. OGE Energy Corporation has a one year low of $40.80 and a one year high of $48.21. The company has a market cap of $9.92 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 3.39 and a beta of 0.62. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.78 and a quick ratio of 0.49.

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, beating analysts’ consensus estimates of $0.30 by $0.03. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. The company had revenue of $725.80 million for the quarter, compared to analysts’ expectations of $277.80 million. During the same period in the prior year, the firm earned $0.50 EPS. OGE Energy’s quarterly revenue was down 4.6% compared to the same quarter last year. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. As a group, equities analysts forecast that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Monday, April 6th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, April 6th. OGE Energy’s dividend payout ratio (DPR) is presently 73.59%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OGE. BMO Capital Markets initiated coverage on shares of OGE Energy in a research report on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 price objective on the stock. UBS Group lowered their price target on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Wells Fargo & Company increased their price objective on shares of OGE Energy from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays decreased their price objective on OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of OGE Energy in a report on Friday, January 23rd. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.63.

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.