Core Viewpoint - Investors in the Utility - Electric Power sector should consider FirstEnergy (FE) and OGE Energy (OGE) as potential value opportunities, with FE currently presenting a superior value option based on various valuation metrics [1][3]. Valuation Metrics - FirstEnergy has a forward P/E ratio of 16.16, while OGE Energy has a forward P/E of 19.23 [2]. - The PEG ratio for FirstEnergy is 2.30, compared to OGE's PEG ratio of 3.67, indicating that FE may be more favorably valued in relation to its expected earnings growth [2]. - FirstEnergy's P/B ratio stands at 1.83, while OGE's P/B ratio is slightly higher at 1.85, suggesting that both companies are similarly valued in terms of market value versus book value [2]. Value Grades - FirstEnergy holds a Value grade of B, indicating a stronger valuation profile, while OGE has a Value grade of C, suggesting it is less favorable in terms of value metrics [3].

OKLAHOMA CITY, Oct. 4, 2024 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE) will hold its quarterly earnings and business update conference call at 9 a.m. Eastern Time (8 a.m. Central Time), Tuesday, November 5, 2024. This call is being webcast by Notified and can be accessed at OGE Energy's website at www.oge.com. OGE Energy Corp. is the parent company of OG&E, a regulated electric company with approximately 902,000 customers, in Oklahoma and western Arkansas. SOURCE OGE Energy Corp. WANT YOUR COMPANY'S NEWS ...

OKLAHOMA CITY, Sept. 23, 2024 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company, announced today that its Board of Directors approved a fourth quarter dividend of $0.42125 per common share of stock, to be paid on October 25, 2024, to shareholders of record on October 7, 2024. CLASS OF STOCK: OGE Energy Corp. Common DIVIDEND PER SHARE: $0.42125 RECORD DATE: 10/7/24 PAYMENT DATE: 10/25/24 SOURCE OGE Energy Corp. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIR ...

OGE Energy (OGE) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a changing earn ...

Core Viewpoint - OGE Energy Corporation's systematic capital investments are expected to enhance safety, reliability, and resiliency, strengthening its infrastructure and performance, making it a solid investment option in the utility sector [1] Growth Projections - The Zacks Consensus Estimate for OGE's 2024 earnings per share is $2.13, reflecting a year-over-year growth of 2.9% - For 2025, the earnings per share estimate is $2.25, indicating a growth of 5.5% - Sales estimates for 2024 and 2025 show year-over-year growth of 29.5% and 3.2%, respectively - Long-term earnings growth is projected at 5% over the next three to five years [2] Dividend Yield - OGE Energy has a current dividend yield of 4.28%, surpassing the industry average of 3.52% - The company targets a dividend payout ratio of 65-70% [3] Debt Position - OGE Energy's debt to capital ratio at the end of Q2 was 54.03%, lower than the industry average of 62.45% - The time-to-interest earned ratio was 2.9, indicating the company's ability to meet interest obligations comfortably [4] Investments - OGE Energy plans to invest $6 billion from 2024 to 2028 to upgrade its infrastructure - For 2024, the company has allocated $1.1 billion for investment - These investments aim to enhance the safety, resiliency, and reliability of its distribution and transmission grid and generation fleet, as well as improve service during extreme weather events [5] Price Performance - OGE shares have increased by 7.9% over the past month, outperforming the industry's growth of 5.3% [6]

OGE Energy Corp. (OGE) reported second-quarter 2024 earnings of 51 cents per share, which lagged the Zacks Consensus Estimate of 69 cents by 26.1%. The figure increased 15.9% from earnings of 44 cents per share in the year-ago quarter. Revenues OGE's operating revenues of $662.6 million rose 9.5% from $605 million recorded in the prior-year quarter. However, the top line missed the Zacks Consensus Estimate of $837.5 million by 20.9%. Operational Highlights Total sales were 8 million megawatt-hours (MWh), up ...

OGE Energy (OGE) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -26.09%. A quarter ago, it was expected that this energy services company would post earnings of $0.35 per share when it actually produced earnings of $0.09, delivering a surprise of -74.29%. Over the last four quarters ...

Core Viewpoint - OGE Energy Corp. reported a strong operational performance in Q2 2024, with increased earnings driven by higher electricity demand and warmer weather, reaffirming its commitment to providing affordable and reliable energy to customers [1][2]. Financial Performance - OGE Energy's net income for Q2 2024 was $102.3 million, or $0.51 per diluted share, compared to $88.4 million, or $0.44 per diluted share in Q2 2023, reflecting a year-over-year increase of approximately 15% in earnings per share [1][2][5]. - OG&E contributed net income of $109.3 million, or $0.54 per diluted share, in Q2 2024, up from $91.9 million, or $0.46 per diluted share in the same period of 2023 [2][5]. - Other operations reported a loss of $7.0 million, or $0.03 per diluted share, compared to a loss of $3.5 million, or $0.02 per diluted share in Q2 2023, primarily due to higher interest expenses [2][5]. Revenue and Expenses - Total operating revenues for Q2 2024 were $662.6 million, an increase from $605.0 million in Q2 2023, driven by higher revenues from contracts with customers [3][5]. - Fuel, purchased power, and direct transmission expenses were $193.9 million in Q2 2024, compared to $181.8 million in Q2 2023, reflecting increased operational costs [3][5]. - Operating expenses totaled $292.8 million in Q2 2024, up from $276.8 million in Q2 2023, with depreciation and amortization expenses increasing to $135.5 million from $124.1 million [3][5]. Outlook - OGE Energy reaffirmed its 2024 consolidated earnings guidance, projecting earnings within a range of $2.06 to $2.18 per average diluted share, with expectations to be in the top half of this range due to strong load growth and favorable weather conditions [2][5]. - The guidance assumes approximately 201.5 million average diluted shares outstanding and normal weather for the remainder of the year [2][5]. Customer Base and Market Position - OGE Energy Corp. serves approximately 902,000 customers in Oklahoma and western Arkansas, indicating a stable customer base contributing to its revenue growth [1][2].

This call is being webcast by Notified and can be accessed at OGE Energy's website at www.oge.com. SOURCE OGE Energy Corp. OKLAHOMA CITY , July 9, 2024 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE) will hold its quarterly earnings and business update conference call at 9 a.m. Eastern Time (8 a.m. Central Time), Wednesday, August 7, 2024. OGE Energy Corp. is the parent company of OG&E, a regulated electric company with approximately 900,000 customers, in Oklahoma and western Arkansas. ...

OGE Energy Corp. (NYSE:OGE) is an electric utility that primarily serves the state of Oklahoma. The company also has a small service territory in western Arkansas, along the Oklahoma border: OGE Energy However, we can also see that OGE Energy's stock price has significantly underperformed the S&P 500 Index (SP500) since that date. This is perhaps not surprising, as utility companies tend to experience slower growth than other firms and so rarely generate comparable capable gains. They make up for this throu ...