Greenland Capital Management LP Acquires 48,700 Shares of OGE Energy Corporation $OGE

Key Points

• Greenland Capital Management increased its OGE Energy stake by 187.3% in the second quarter, purchasing 48,700 shares to hold 74,700 shares valued at approximately $3.64 million. Institutional investors collectively own 71.84% of OGE.
• OGE received a bullish upgrade from RBC Capital to “Outperform,” with its price target raised to $54, citing potential growth and capital-investment catalysts. Analysts’ average rating remains “Hold,” with an average price target of $49.90.
• OGE’s latest quarter showed mixed results: EPS of $0.56 slightly exceeded estimates, but revenue fell 4% year over year to $711.9 million. An executive also sold 6,508 shares, while the company’s stock recently traded near $46.92.

Greenland Capital Management LP raised its stake in shares of OGE Energy Corporation (NYSE:OGE - Free Report) by 187.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,700 shares of the utilities provider's stock after purchasing an additional 48,700 shares during the quarter. Greenland Capital Management LP's holdings in OGE Energy were worth $3,635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of OGE. Millennium Management LLC boosted its stake in OGE Energy by 1,160.8% in the 1st quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider's stock valued at $4,365,000 after buying an additional 87,433 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in OGE Energy by 54.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider's stock worth $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 lifted its holdings in shares of OGE Energy by 4.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 560,664 shares of the utilities provider's stock valued at $25,768,000 after acquiring an additional 23,051 shares during the period. Focus Partners Wealth lifted its holdings in shares of OGE Energy by 7.5% during the first quarter. Focus Partners Wealth now owns 9,145 shares of the utilities provider's stock valued at $420,000 after acquiring an additional 637 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of OGE Energy by 3.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 8,612 shares of the utilities provider's stock valued at $382,000 after purchasing an additional 321 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors.

OGE Energy News Roundup

Here are the key news stories impacting OGE Energy this week:

• Positive Sentiment: RBC Capital upgraded OGE to “Outperform” from “Sector Perform,” signaling greater confidence in the utility’s expected performance relative to its industry. RBC cited an emerging growth inflection and potential capital-investment catalysts that could support earnings and long-term growth. RBC Capital upgrades OGE Energy to outperform OGE Energy growth inflection begins
• Neutral Sentiment: A Zacks comparison examines whether OGE or RWE AG offers the better value among electric-power utilities. The report may attract value-oriented investors, but the article details provided do not identify a decisive change to OGE’s valuation or rating. RWE or OGE value stock comparison
• Positive Sentiment: Zacks raised its forecasts for third-quarter 2026 EPS to $1.03 from $1.02, third-quarter 2027 EPS to $1.06 from $1.04, and fourth-quarter 2027 EPS to $0.61 from $0.58. These upward revisions provide modest support for the growth narrative.
• Negative Sentiment: Zacks lowered estimates for first-quarter 2027 EPS to $0.35 from $0.37, second-quarter 2027 EPS to $0.58 from $0.60, first-quarter 2028 EPS to $0.49 from $0.50, and second-quarter 2028 EPS to $0.62 from $0.63. The revisions are mixed overall, while the full-year consensus remains $2.42 per share, reducing the immediate earnings impact.

Insider Activity

In other news, SVP Donnie Jones sold 6,508 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $46.11, for a total transaction of $300,083.88. Following the transaction, the senior vice president directly owned 40,555 shares in the company, valued at approximately $1,869,991.05. This represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.57% of the company's stock.

OGE Energy Stock Performance

OGE Energy stock opened at $46.92 on Monday. The stock has a 50-day simple moving average of $47.71 and a 200 day simple moving average of $47.78. The company has a quick ratio of 0.47, a current ratio of 0.77 and a debt-to-equity ratio of 1.12. OGE Energy Corporation has a 12-month low of $41.69 and a 12-month high of $50.59. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 3.08 and a beta of 0.52.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The firm had revenue of $711.90 million for the quarter, compared to analyst estimates of $782.73 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The company's revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. On average, research analysts anticipate that OGE Energy Corporation will post 2.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on OGE shares. LADENBURG THALM/SH SH upped their target price on shares of OGE Energy from $42.50 to $47.00 and gave the stock a "neutral" rating in a report on Monday, May 11th. Barclays boosted their price target on shares of OGE Energy from $51.00 to $52.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. Wall Street Zen raised shares of OGE Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Royal Bank Of Canada raised shares of OGE Energy from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $50.00 to $54.00 in a report on Wednesday. Finally, BMO Capital Markets cut their target price on shares of OGE Energy from $50.00 to $49.00 and set a "market perform" rating for the company in a research note on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, OGE Energy presently has an average rating of "Hold" and an average price target of $49.90.

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.

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