OGE Energy Corp. (OGE) reported third-quarter 2024 earnings of $1.09 per share, which lagged the Zacks Consensus Estimate of $1.12 by 2.7%. The figure also decreased 9.2% from earnings of $1.20 per share in the year-ago quarter.See the Zacks Earnings Calendar to stay ahead of market-making news.OGE Energy’s RevenuesOGE’s operating revenues of $965.4 million rose 2.1% from $945.4 million recorded in the prior-year quarter. However, the top line missed the Zacks Consensus Estimate of $1.12 billion by 13.4%.OG ...

OGE Energy (OGE) came out with quarterly earnings of $1.09 per share, missing the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.68%. A quarter ago, it was expected that this energy services company would post earnings of $0.69 per share when it actually produced earnings of $0.51, delivering a surprise of -26.09%.Over the last four quarters, t ...

OKLAHOMA CITY, Nov. 5, 2024 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), today reported earnings of $1.09 per diluted share during the three months that ended September 30, 2024, compared to $1.20 per diluted share in the same period 2023. OG&E, a regulated electric company, contributed earnings of $1.12 per diluted share, compared to earnings of $1.22 per diluted share in the third quarter 2023. Other operations, which includes the holding ...

The Utilities sector has come on strong in 2024. It's the top-performing S&P 500 area so far this year, returning more than 25% with dividends included. But the usually stable and quiet space has gotten more expensive, even with rising EPS forecasts. Freelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficient way. My passio ...

OGE Energy (OGE) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November ...

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]