OGE

OGE Energy
NYSE

Real-time Quotes | Nasdaq Last Sale

32.21
+0.67
+2.12%
Closed 16:00 10/20 EDT
OPEN
31.98
PREV CLOSE
31.54
HIGH
32.86
LOW
31.50
VOLUME
1.32M
TURNOVER
--
52 WEEK HIGH
46.43
52 WEEK LOW
23.01
MARKET CAP
6.45B
P/E (TTM)
-53.4606
1D
5D
1M
3M
1Y
5Y
News
Financial
Releases
Corp Actions
Analysis
Profile
OGE Energy weighs Enable Midstream stake sale - Bloomberg
OGE Energy (OGE) has joined CenterPoint Energy (CNP) in considering a sale of its stake in Enable Midstream Partners (ENBL), putting the whole company on the block, Bloomberg reports.While CenterPoint
Seekingalpha · 13h ago
OGE Energy Weighs Enable Midstream Sale Along With CenterPoint
(Bloomberg) -- OGE Energy Corp. has joined CenterPoint Energy Inc. in considering a sale of its stake in Enable Midstream Partners LP, putting the whole oil and gas pipeline company on the block, according to people familiar with the matterThe power companies are working with advisers, said the people, who asked to not be identified because the matter isn’t public. While CenterPoint has openly weighed an exit of Enable for years, OGE Energy is now aligned with that strategy, the people said. No final decision has been made and they could opt to hold on to Enable, they said.Together the companies own all of Enable’s general partner while CenterPoint owns 53.7% of its common units and OGE Energy owns 25.5% of its common units, according to its third-quarter investor presentation. The rest of its common units are held by public investors.Enable rose 1.3% to $4.61 at 10:54 a.m. Tuesday in New York trading, giving the company a market value of about $2.1 billion.A representative for OGE declined to comment. Representatives for Enable and CenterPoint didn’t respond to requests for comment.Pipeline companies structured as master limited partnerships such as Enable have fallen out of favor with investors because of depressed commodity prices and a weakening of the tax advantages they have traditionally enjoyed. That’s made it difficult for them to fund payouts to unit holders while continuing to invest in their operations.The Alerian Midstream Energy Index has fallen about 35% in the past year while Enable has declined about 58%.CenterPoint and OGE Energy formed Enable in 2013 to house their energy infrastructure, which today includes 15 processing plants and 14,000 miles of gathering pipelines, according to its investor presentation.CenterPoint formed a committee in May to conduct a broad review of its business strategy as part of a deal with the activist investor Elliott Management Corp. That committee is due complete that review this month.The company is reviewing options for its stake in Enable as it pushes to become more of a pure-play utility, CenterPoint Chief Executive Officer David Lasar said in an interview in July. It began trying to sell its stake in Enable as early as 2016.For its part, OGE Energy’s goal will always be to maximize the value of Enable for the long-term benefit of OGE Energy shareholders, Chief Executive Officer Sean Trauschke said during an earnings call in August. He said he wouldn’t speculate on strategic alternatives for the company.Pipeline and processing operations have been attractive to private equity and infrastructure funds. Buckeye Partners LP was acquired by IFM Investors in 2019 and a Blackstone Group Inc.-led group bought Tallgrass Energy LP this year.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 16h ago
Goldman Sachs Upgrades OGE Energy to Neutral, Announces $35 Price Target
Goldman Sachs analyst Insoo Kim upgrades OGE Energy (NYSE:OGE) from Sell to Neutral and announces $35 price target.
Benzinga · 23h ago
Evercore looks to strong utility names as comeback continues in Q3
Utilities started to make a comeback in the past few weeks after underperforming the broad market this year, Evercore ISI notes - with help from strong Q2 reports, attractive valuation
Seekingalpha · 4d ago
OGE Energy Builds Two Solar Farms in Oklahoma, Cuts Emission
OGE Energy (OGE) concludes building two 5 megawatt solar energy plants in southeast Oklahoma, which will serve the needs of local tribal communities.
Zacks · 4d ago
New Strong Sell Stocks for October 16th
Zacks · 4d ago
20 Pending Dividend Hikes For October To December
Barron's Weekly lists stocks announcing "dividend payment boosts" on the very last page of its financial data. Here is your dogcatcher rundown for 20 stocks proclaimed 9/28-10/12/20.Increases ranged $0.00133 per quarter by Sirius XM Holdings to $0.45 quarterly by Starbucks and ranged upward from 0.9% by Bank OZK to 150.0% by Invesco Mortgage Capital.Financial Services companies with five and Consumer Cyclical with five showed the most increases in this pack.Ten top dividend-boosted stocks ranged 22.24% to 85.84% in estimated net gains calculated from broker targets (including dividends less broker fees).$5k invested in the lowest-priced five in this collection of top-yield ten dividend-boosted dogs showed 32.34% more net gain than that from $5k invested in all ten. The little, lower-priced dividend-boosted dogs ruled this October pack.
Seekingalpha · 5d ago
Wells Fargo Maintains Overweight on OGE Energy, Raises Price Target to $36
Wells Fargo maintains OGE Energy (NYSE:OGE) with a Overweight and raises the price target from $35 to $36.
Benzinga · 5d ago
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Forecast
EPSBVPSCFPS
Actual (USD)
Estimate (USD)
Income StatementMore
Net IncomeTotal RevenueOperating Income
Net Income (USD)
YoY (%)
Balance SheetMore
Total Assets (USD)
Total Liabilities (USD)
Debt to Asset (%)
Cash FlowMore
OperatingInvestingFinancing
Operating (USD)
YoY (%)
Learn about the latest financial forecast of OGE. Analyze the recent business situations of OGE Energy through EPS, BVPS, FPS, and other data. This information may help you make smarter investment decisions.
Analyst Rating

Based on 10 analysts

Buy

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average OGE stock price target is 35.22 with a high estimate of 37.00 and a low estimate of 33.00.
EPS
Institutional Holdings
Institutions: 495
Institutional Holdings: 138.79M
% Owned: 69.33%
Shares Outstanding: 200.17M
TypeInstitutionsShares
Increased
135
6.36M
New
49
1.96M
Decreased
163
8.65M
Sold Out
60
2.17M
  • Performance
  • Asset Allocation
  • Dividend History
No Data
Industry
Electric Utilities
+0.56%
Electric Utilities & IPPs
+0.58%
Key Executives
Chairman/President/Chief Executive Officer/Director
Sean Trauschke
Chief Financial Officer
Stephen Merrill
Chief Operating Officer
E. Keith Mitchell
Senior Vice President
Jean Leger
Chief Accounting Officer/Controller
Sarah Stafford
Chief Information Officer/Vice President
Cristina McQuistion
Vice President/Secretary
Patricia Horn
Vice President
Ken Miller
Vice President
Andrea Dennis
Vice President
Kenneth Grant
Vice President
Donnie Jones
Vice President
Kenneth Miller
General Counsel
William Sultemeier
Treasurer
Charles Walworth
Lead Director/Independent Director
Luke Corbett
Director
Luke Kissam
Independent Director
Frank Bozich
Independent Director
James Brandi
Independent Director
Peter Clarke
Independent Director
David Hauser
Independent Director
Judy McReynolds
Independent Director
J Sanner
Independent Director
David Rainbolt
Independent Director
J. Michael Sanner
Independent Director
Sheila Talton
  • Dividends
  • Splits
  • Insider Activity
Declaration Date
Dividend Per Share
Ex-Div Date
09/28/2020
Dividend USD 0.4025
10/09/2020
05/21/2020
Dividend USD 0.3875
07/09/2020
02/26/2020
Dividend USD 0.3875
04/08/2020
12/04/2019
Dividend USD 0.3875
01/09/2020
09/25/2019
Dividend USD 0.3875
10/09/2019
05/16/2019
Dividend USD 0.365
07/09/2019
02/20/2019
Dividend USD 0.365
04/09/2019
12/06/2018
Dividend USD 0.365
01/09/2019
09/26/2018
Dividend USD 0.365
10/09/2018
05/17/2018
Dividend USD 0.333
07/09/2018
02/21/2018
Dividend USD 0.333
04/09/2018
11/29/2017
Dividend USD 0.333
01/09/2018
09/26/2017
Dividend USD 0.333
10/06/2017
05/18/2017
Dividend USD 0.303
07/06/2017
02/22/2017
Dividend USD 0.303
04/06/2017
11/30/2016
Dividend USD 0.303
01/06/2017
09/28/2016
Dividend USD 0.303
10/06/2016
05/19/2016
Dividend USD 0.275
07/06/2016
02/25/2016
Dividend USD 0.275
04/06/2016
12/03/2015
Dividend USD 0.275
01/06/2016
09/30/2015
Dividend USD 0.275
10/07/2015
05/14/2015
Dividend USD 0.25
07/08/2015
02/25/2015
Dividend USD 0.25
04/08/2015
12/03/2014
Dividend USD 0.25
01/07/2015
09/24/2014
Dividend USD 0.25
10/08/2014
05/15/2014
Dividend USD 0.225
07/08/2014
02/12/2014
Dividend USD 0.225
04/08/2014
12/04/2013
Dividend USD 0.225
01/08/2014
09/25/2013
Dividend USD 0.209
10/08/2013
05/16/2013
Dividend USD 0.209
07/09/2013
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About OGE
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. Its operations are conducted through Oklahoma Gas and Electric Company (OG&E). OG&E is an electric utility in Oklahoma and its franchised service territory includes Fort Smith, Arkansas and the surrounding communities. The natural gas midstream operations segment represents the Company's investment in Enable Midstream Partners, LP (Enable) through subsidiaries, and ultimately OGE Enogex Holdings LLC (OGE Holdings). Enable's assets and operations are organized into two segments: gathering and processing, and transportation and storage.
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