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OGE Energy Corp - Stock Quote OGE

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Morningstar's OGE Energy Corp Stock Analysis

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OGE Remains on Steady Growth Path; Slowly Exiting Energy Transfer Stake

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $36 fair value estimate for OGE Energy after the company reported first-quarter earnings per share of $0.19 at its regulated distribution utility, OG&E, up from $0.16 during the first quarter of 2021, adjusting for the losses incurred during 2021's winter storm Uri. Results are on track to meet our full-year and long-term outlooks. We are reaffirming our no-moat and stable moat trend ratings.

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OGE Energy Corp's 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. In December 2021, OGE closed a merger between Enable Midstream Partners and Energy Transfer. This resulted in OGE acquiring 95.4 million limited partner units of Energy Transfer in return for its 25.5% limited partner interest in Enable, a midstream services company it created in 2013.

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 Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type High Yield
Employees 2,185

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