Greenland Capital Management LP Makes New $2.12 Million Investment in OGE Energy Corporation $OGE

Greenland Capital Management LP acquired a new stake in OGE Energy Corporation (NYSE:OGE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,830 shares of the utilities provider’s stock, valued at approximately $2,121,000.

A number of other hedge funds also recently modified their holdings of the stock. Orion Porfolio Solutions LLC grew its stake in OGE Energy by 3.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 6,757 shares of the utilities provider’s stock valued at $300,000 after buying an additional 224 shares during the last quarter. Private Wealth Asset Management LLC grew its holdings in OGE Energy by 21.1% in the 3rd quarter. Private Wealth Asset Management LLC now owns 1,574 shares of the utilities provider’s stock valued at $73,000 after buying an additional 274 shares in the last quarter. Wedbush Securities Inc. increased its position in OGE Energy by 4.7% during the 2nd quarter. Wedbush Securities Inc. now owns 6,389 shares of the utilities provider’s stock worth $284,000 after buying an additional 289 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of OGE Energy by 0.6% during the second quarter. Thrivent Financial for Lutherans now owns 47,404 shares of the utilities provider’s stock worth $2,104,000 after buying an additional 289 shares in the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of OGE Energy by 0.6% during the second quarter. State of Michigan Retirement System now owns 48,414 shares of the utilities provider’s stock worth $2,149,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Price Performance

Shares of OGE stock opened at $48.10 on Tuesday. The business has a fifty day simple moving average of $43.85 and a 200 day simple moving average of $44.52. The company has a market cap of $9.92 billion, a P/E ratio of 20.82, a P/E/G ratio of 3.39 and a beta of 0.62. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 1.08. OGE Energy Corporation has a twelve month low of $40.80 and a twelve month high of $48.21.

OGE Energy (NYSE:OGE) last issued its earnings results on Wednesday, February 18th. The utilities provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $725.80 million during the quarter, compared to the consensus estimate of $277.80 million. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. On average, sell-side analysts forecast that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

OGE Energy Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently commented on OGE shares. Mizuho set a $49.00 price target on shares of OGE Energy in a research note on Thursday. Wells Fargo & Company boosted their price objective on shares of OGE Energy from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday. UBS Group lowered their target price on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Wall Street Zen upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 24th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of OGE Energy in a research report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, OGE Energy presently has an average 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.