Greenland Capital Management LP Purchases Shares of 74,700 OGE Energy Corporation $OGE

Greenland Capital Management LP acquired a new stake in OGE Energy Corporation (NYSE:OGE) in the second quarter, HoldingsChannel reports. The institutional investor acquired 74,700 shares of the utilities provider’s stock, valued at approximately $3,635,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OGE. Strs Ohio increased its stake in OGE Energy by 4.5% in the first quarter. Strs Ohio now owns 5,029 shares of the utilities provider’s stock valued at $241,000 after acquiring an additional 217 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in OGE Energy by 3.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 6,740 shares of the utilities provider’s stock worth $323,000 after purchasing an additional 218 shares during the period. Orion Porfolio Solutions LLC lifted its stake in OGE Energy by 3.3% during the third quarter. Orion Porfolio Solutions LLC now owns 6,979 shares of the utilities provider’s stock worth $323,000 after purchasing an additional 222 shares during the period. Blair William & Co. IL boosted its holdings in OGE Energy by 0.9% during the third quarter. Blair William & Co. IL now owns 27,454 shares of the utilities provider’s stock valued at $1,270,000 after purchasing an additional 234 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in OGE Energy by 49.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 255 shares in the last quarter. 71.84% of the stock is owned by institutional investors.

OGE Energy News Summary

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 Price Performance

Shares of OGE stock opened at $45.67 on Friday. The firm’s 50 day moving average price is $48.08 and its two-hundred day moving average price is $47.66. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.77. OGE Energy Corporation has a 52-week low of $41.69 and a 52-week high of $50.59. The stock has a market cap of $9.43 billion, a PE ratio of 20.12, a PEG ratio of 3.38 and a beta of 0.53.

OGE Energy (NYSE:OGE) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $711.90 million during the quarter, compared to analysts’ expectations of $782.73 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. As a group, analysts forecast that OGE Energy Corporation will post 2.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OGE. Weiss Ratings reissued a “buy (b)” rating on shares of OGE Energy in a report on Friday, July 31st. BMO Capital Markets decreased their price target on OGE Energy from $50.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Wall Street Zen upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley lowered their price target on shares of OGE Energy from $51.00 to $49.00 and set an “equal weight” rating for the company in a report on Friday. Finally, LADENBURG THALM/SH SH boosted their price objective on shares of OGE Energy from $42.50 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $49.60.

OGE Energy Company 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.