Utility OGE Energy slips after $345 mln stock offering unveiled
Shares of electric utility OGE Energy OGE.N down 2.2% after hours at $43.17 as co seeks equity
Oklahoma City, Oklahoma-based firm commences $345 mln share offering, half of which as part of forward sales
OGE expects to issue directly about $172.5 mln of shares, and intends to enter into 18-month forward sale agreements with joint bookrunners Morgan Stanley and JP Morgan for the balance
Co plans to use net offering proceeds to fund capex, including Horseshoe Lake generating units 13 and 14 and Fort Smith to Muskogee Transmission line, and for other general corporate purposes, including debt repayment/refinancing
With ~201.5 mln shares outstanding, OGE has roughly $9 bln market cap
OGE shares on Thurs closed up 0.1% at $44.13, up 7% YTD
Avg rating among 12 analysts is "buy" and median PT is $47.50, per LSEG data
Related Articles
Elon Musk’s SpaceX Poised for Record-Breaking IPO: How Can Retail Investors Get In on the Action of Starlink Stock?
TradingKey - Elon Musk's rocket manufacturer SpaceX is expected to launch an IPO in 2026, with a target IPO valuation projected to reach $1.5 trillion. However, prior to its listing, the stock can only be traded in the private market, characterized by low information transparency and high capital ba
Cathie Wood Predicts Bitcoin Has Bottomed. Is Now The Best Time to Buy? How to Buy BTC?
Purchasing Bitcoin is generally divided into three stages: pre-transaction, during transaction, and post-transaction. Each stage requires careful attention, as losses can easily arise from operational errors, pitfalls, and other factors.
Musk’s Next Ambition: Building a Space-Based AI Data Center
TradingKey - Musk has long resisted the idea of taking SpaceX public. After the Tesla take-private drama and the resulting SEC penalties (which cost him the chairmanship), he’s been wary of public market entanglements. But something’s changed—and fast.
Japan Central Bank Rate Hike To Three-Decade High Imminent, How Will The Market Go? Which Assets Most Affected?
As global monetary policy divergence enters a critical phase, the Bank of Japan (BoJ) is anticipated to raise its benchmark interest rate at the monetary policy meeting on December 19, 2025, by 25 basis points to 0.75% , marking its highest level in nearly 30 years.
