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OGE Energy Corp OGE

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Morningstar’s Analysis

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OGE Dividend Increase Validates Management's Strategy Following Enable Deal

Travis Miller Strategist

Analyst Note

| Travis Miller |

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.

321 North Harvey, P.O. Box 321
Oklahoma, OK, 73101-0321
T +1 405 553-3000
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