Alpine Global Management LLC Invests $491,000 in OGE Energy Corporation $OGE

Alpine Global Management LLC purchased a new stake in OGE Energy Corporation (NYSE:OGE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,610 shares of the utilities provider’s stock, valued at approximately $491,000.

Other large investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its position 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 worth $36,000 after acquiring an additional 255 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of OGE Energy by 9.0% in the third quarter. NewEdge Advisors LLC now owns 46,742 shares of the utilities provider’s stock valued at $2,163,000 after purchasing an additional 3,847 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of OGE Energy by 3.3% during the third quarter. CANADA LIFE ASSURANCE Co now owns 118,251 shares of the utilities provider’s stock worth $5,425,000 after purchasing an additional 3,748 shares during the period. PharVision Advisers LLC increased its stake in shares of OGE Energy by 17.3% during the third quarter. PharVision Advisers LLC now owns 5,939 shares of the utilities provider’s stock worth $275,000 after purchasing an additional 877 shares during the period. Finally, Dark Forest Capital Management LP lifted its holdings in OGE Energy by 37.2% during the 3rd quarter. Dark Forest Capital Management LP now owns 118,616 shares of the utilities provider’s stock worth $5,488,000 after purchasing an additional 32,151 shares during the last quarter. 71.84% of the stock is owned by institutional investors.

OGE Energy Stock Performance

NYSE OGE opened at $48.19 on Wednesday. The company has a fifty day moving average price of $45.60 and a 200-day moving average price of $44.88. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 3.47 and a beta of 0.61. 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 Corporation has a 1 year low of $40.80 and a 1 year high of $49.55.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. The business had revenue of $725.80 million for the quarter, compared to analysts’ expectations of $277.80 million. During the same period in the previous year, the company earned $0.50 earnings per share. The firm’s revenue for the quarter 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 research analysts predict that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Monday, April 6th will be paid 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 is Monday, April 6th. OGE Energy’s payout ratio is presently 73.59%.

Wall Street Analysts Forecast Growth

OGE has been the subject of several recent research reports. Mizuho set a $49.00 price target on OGE Energy in a research note on Thursday, February 19th. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 24th. Royal Bank Of Canada reissued a “sector perform” rating on shares of OGE Energy in a research report on Friday, January 23rd. BMO Capital Markets began coverage on shares of OGE Energy in a research note on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on shares of OGE Energy from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.63.

Insider Activity at OGE Energy

In related news, CAO Sarah R. Stafford sold 6,130 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $47.77, for a total transaction of $292,830.10. Following the completion of the sale, the chief accounting officer directly owned 28,559 shares of the company’s stock, valued at approximately $1,364,263.43. This trade represents a 17.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lyle G. Ganske purchased 10,420 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were acquired at an average price of $47.99 per share, for a total transaction of $500,055.80. Following the completion of the acquisition, the director directly owned 10,420 shares of the company’s stock, valued at $500,055.80. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.53% of the company’s stock.

About OGE Energy

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.