Profile
Sector:
UtilitiesIndustry:
ElectricCountry:
United StatesIPO:
27 September 1950Website:
http://www.ogeenergy.comNext earnings report:
09 August 2024Last dividends:
05 April 2024Next dividends:
08 July 2024Price
after hours | Fri, 05 Jul 2024 23:56:51 GMTAnalysts recommendations
Institutional Ownership
OGE Latest News
OGE Energy Corp. primarily serves Oklahoma and western Arkansas, with a customer base of approximately 900,000, benefiting from population growth due to remote work trends. The stock price has appreciated by 5.49% since October 2023 but underperformed the S&P 500 Index, offering a forward dividend yield of 4.73%. The company's customer base and electricity consumption are growing, with revenue increasing by 7.11% year-over-year, but net income growth is impacted by rising interest expenses.
The 2024 Annual Meeting of Shareholders for OGE Energy Corp. was held virtually on May 16, 2024. The board of directors was elected and various items were discussed. Sean Trauschke, Chairman, President, and CEO, expressed gratitude to the company's employees for their dedication to providing safe and reliable electricity to almost 900,000 customers daily.
Investors interested in Utility - Electric Power stocks may have come across Pinnacle West (PNW) and OGE Energy (OGE). However, determining the better choice for undervalued stocks between the two companies is the key question.
OGE Energy Corp held its Q1 2024 Earnings Conference Call on May 1, 2024 at 9:00 AM ET. Company representatives present included Jason Bailey, Sean Trauschke, and Bryan Buckler. Conference call participants included Constantine Lednev, Durgesh Chopra, Paul Fremont, Nicholas Campanella, and Anthony Crowdell. The operator welcomed everyone to the call and thanked them for joining.
OGE Energy (OGE) reported earnings of $0.09 per share for the quarter, falling short of the Zacks Consensus Estimate of $0.35 per share. This is lower than the $0.19 per share earnings from the same period last year.
Investors who are interested in Utility - Electric Power stocks may be familiar with both Pinnacle West (PNW) and OGE Energy (OGE). However, which of these companies is the top choice for those seeking undervalued stocks?
OGE Energy (OGE) reported earnings 30 days ago. What's next for the stock?
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OGE Energy (OGE) makes a strong case for investment, given its positive growth estimates, strong financial position and systematic investments.
OGE is the largest electric utility in Oklahoma, a state which has had increasing population growth of late. In 2022, the company exited its midstream gas business, which made its income variable and exposed the company to commodity risks. Profits from the sale paid down long-term debt. The current yield of 4.8% is attractive, but likely to grow slowly as the now purely electric utility finds its footing.
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What type of business is OGE Energy?
OGE Energy Corp. is an American holding company and provider of electricity and energy services, offering physical delivery of electricity and natural gas in the southern and central parts of the USA. The company was founded in 1902 and is headquartered in Oklahoma City, Oklahoma, USA. The company operates in two business segments: Electricity segment: generates, transmits, distributes, and sells electricity in Oklahoma and western Arkansas in urban and adjacent rural and suburban areas. Natural gas processing and delivery segment: The company produces energy from natural gas, coal, and renewable energy sources. The company owns and operates its own solar stations, quarries, gas transportation systems, and resource storage locations.
What sector is OGE Energy in?
OGE Energy is in the Utilities sector
What industry is OGE Energy in?
OGE Energy is in the Electric industry
What country is OGE Energy from?
OGE Energy is headquartered in United States
When did OGE Energy go public?
OGE Energy initial public offering (IPO) was on 27 September 1950
What is OGE Energy website?
https://www.ogeenergy.com
Is OGE Energy in the S&P 500?
No, OGE Energy is not included in the S&P 500 index
Is OGE Energy in the NASDAQ 100?
No, OGE Energy is not included in the NASDAQ 100 index
Is OGE Energy in the Dow Jones?
No, OGE Energy is not included in the Dow Jones index
When does OGE Energy report earnings?
The next expected earnings date for OGE Energy is 09 August 2024