OGE Energy Corp (OGE) Quote - XNYS | Morningstar

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OGE Dividend Increase Validates Management's Strategy Following Enable Deal

Strategist Travis Miller

Travis Miller Strategist

Analyst Note

| Travis Miller | Oct 6, 2021

We are reaffirming our $36 per share fair value estimate for OGE Energy after the board of directors raised the dividend 2% to $1.64 annualized. We are reaffirming our no-moat and stable moat trend ratings.

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Company Profile

Business Description

OGE Energy is a holding company for Oklahoma Gas & Electric, a regulated utility offering electricity generation, transmission, and distribution to more than 800,000 customers in Oklahoma and western Arkansas. OGE Energy also owns a 25.5% limited partner interest and a 50% general partner interest in Enable Midstream Partners, a midstream services business that provides gathering, processing, transporting, and storing of natural gas. In February 2021, Enable announced it would merge with Energy Transfer.

Contact

321 North Harvey, P.O. Box 321
Oklahoma, OK, 73101-0321

T +1 405 553-3000

tidweltj@oge.com

www.ogeenergy.com

Sector Utilities

Industry Utilities - Regulated Electric

Most Recent Earnings Jun 30, 2021

Fiscal Year End Dec 31, 2021

Stock Type High Yield

Employees 2,360

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