OGE Energy (OGE) AI Stock Analysis

• Market Cap: $8.96B
• Dividend Yield: 3.79%
• Average Volume (3M): 1.05M
• Price to Earnings (P/E): 18.4
• Beta (1Y): 0.32
• Revenue Growth: 15.56%
• EPS Growth: 21.90%
• Country: US
• Employees: 2,291
• Sector: Utilities
• Sector Strength: 66
• Industry: Regulated Electric
• EPS (TTM): 0.31
• Shares Outstanding: 201,330,200
• 10 Day Avg. Volume: 1,418,236
• 30 Day Avg. Volume: 1,053,736
• PEG Ratio: 1.82
• Price to Book (P/B): 1.92
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -24.11
• Enterprise Value/Market Cap: 1.65
• Enterprise Value/Revenue: 1.26
• Enterprise Value/Gross Profit: 10.11
• Enterprise Value/Ebitda: 2.89
• 1Y Price Target: $46.31
• Price Target Upside: 4.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 71 Outperform
• Price Target: $49.00 ▲(10.16%Upside)

OGE Energy's strong earnings growth and positive earnings call sentiment are the most significant factors driving the score. Financial performance is solid, although cash flow management needs attention. Technical indicators are neutral, and valuation is reasonable, making OGE a stable investment in the regulated electric industry.

Positive Factors

Financial Performance

OGE has a tangible earnings revision thesis bolstered by recent legislation, positioning it as one of the few small caps with this advantage.

Legislation Impact

The recent legislation fundamentally changes OGE's ability to accelerate its CapEx program with less frequent rate filings and improved cash recovery for large gas investments.

Load Growth

OGE Energy Corp shows strong load growth momentum driven by residential and commercial classes.

Negative Factors

Credit Rating Risk

There is a potential risk of a credit rating downgrade if Moody's does not relax its downgrade threshold.

Regulatory Uncertainty

There is uncertainty and a near-term overhang on shares due to awaiting an OCC final order of the ALJ approved OK rate case settlement.

OGE Energy Business Overview & Revenue Model

Company Description

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity, natural gas, crude oil, and natural gas liquids in the United States. The company generates, transmits, distributes, and sells electric energy. It provides retail electric service to approximately 879,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets. As of December 31, 2021, the company owned and operated interconnected electric generation, transmission, and distribution systems, including 16 generating stations with an aggregate capability of 7,207 megawatts; and transmission systems comprising 54 substations and 5,122 structure miles of lines in Oklahoma, and 7 substations and 277 structure miles of lines in Arkansas. Its distribution systems included 350 substations; 29,494 structure miles of overhead lines; 3,365 miles of underground conduit; and 11,125 miles of underground conductors in Oklahoma, as well as 29 substations, 2,795 structure miles of overhead lines, 349 miles of underground conduit, and 662 miles of underground conductors in Arkansas. The company was founded in 1902 and is based in Oklahoma City, Oklahoma.

How the Company Makes Money

OGE Energy primarily makes money through its regulated utility operations, where it generates revenue by providing electricity to its customers. The company earns income from the sale of electricity to residential, commercial, and industrial users. Rates for these services are regulated by state and federal agencies, ensuring that pricing is fair and allows the company to recover costs and earn a reasonable return on investment. Additionally, OGE Energy may engage in infrastructure improvements and expansion projects, which can lead to increased capacity and customer base, further enhancing revenue potential. The company might also benefit from strategic partnerships and regulatory incentives aimed at promoting renewable energy and efficiency programs, contributing to its overall earnings.

OGE Energy Financial Statement Overview

Summary

OGE Energy demonstrates strong revenue growth and profitability with well-managed costs. The balance sheet is stable with moderate leverage and good equity utilization. However, cash flow management poses challenges due to high capital expenditures, impacting free cash flow.

Income Statement

OGE Energy shows a strong performance in its income statement with a consistent increase in revenue over the years, particularly evident with a TTM revenue of $3.14 billion. The gross profit margin is robust at 46.53% for TTM, indicating efficient cost management. Net profit margin stands at 15.49%, which is strong, reflecting effective profitability strategies. The revenue growth rate from the previous year to TTM is 5.06%, suggesting steady growth. However, EBIT and EBITDA margins have slightly improved, indicating stable operational efficiency.

Balance Sheet

The balance sheet reflects a moderate level of financial health. The debt-to-equity ratio of 1.28 for TTM indicates a balanced leverage, which is typical for the regulated electric industry. Return on equity is relatively healthy at 10.52%, showing effective utilization of equity capital. The equity ratio is at 33.08%, which shows a reasonable level of equity financing, though there is room for improvement to enhance financial stability.

Cash Flow

The cash flow statement presents a mixed picture. Operating cash flow to net income ratio is 1.54, indicating strong cash generation relative to net income. However, the free cash flow is negative at -$367.8 million for TTM, showing challenges in covering capital expenditures. Free cash flow to net income is also negative, highlighting potential cash flow management issues. The free cash flow growth rate is negative, reflecting ongoing investment needs that may pressure cash reserves.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.14B	2.99B	2.67B	3.38B	3.65B	2.12B
Gross Profit	1.46B	1.39B	1.26B	1.21B	1.06B	1.01B
EBITDA	1.37B	1.31B	1.20B	1.42B	1.45B	248.70M
Net Income	485.60M	441.50M	416.80M	665.70M	737.30M	-173.70M
Balance Sheet
Total Assets	13.95B	13.72B	12.79B	12.54B	12.61B	10.72B
Cash, Cash Equivalents and Short-Term Investments	26.90M	600.00K	200.00K	88.10M	0.00	1.10M
Total Debt	5.89B	5.52B	4.84B	4.55B	4.98B	3.59B
Total Liabilities	9.34B	9.08B	8.28B	8.13B	8.55B	7.09B
Stockholders Equity	4.62B	4.64B	4.51B	4.41B	4.06B	3.63B
Cash Flow
Free Cash Flow	-367.80M	-278.10M	54.10M	-207.80M	-1.09B	62.30M
Operating Cash Flow	745.70M	812.80M	1.23B	843.10M	-313.30M	712.80M
Investing Cash Flow	-1.18B	-1.16B	-1.27B	12.90M	-749.10M	-654.90M
Financing Cash Flow	458.30M	348.80M	-48.10M	-767.90M	1.06B	-56.80M

OGE Energy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 44.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OGE, the sentiment is Positive. The current price of 44.48 is above the 20-day moving average (MA) of 44.16, above the 50-day MA of 44.36, and above the 200-day MA of 42.56, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 52.93 is Neutral, neither overbought nor oversold. The STOCH value of 59.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OGE.

OGE Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LNT	76 Outperform	$15.81B	21.23	10.71%	3.30%	2.46%	5.66%
OGE	71 Outperform	$8.96B	18.45	10.72%	3.79%	15.56%	21.90%
EVRG	69 Neutral	$16.15B	18.49	8.95%	3.80%	5.53%	23.00%
DTE	68 Neutral	$27.38B	17.82	13.28%	3.30%	11.16%	20.94%
PNW	68 Neutral	$10.80B	17.96	9.08%	3.97%	10.69%	12.37%
CNP	62 Neutral	$23.46B	24.16	9.22%	2.45%	4.76%	4.08%
Sector *	61 Neutral	C$4.82B	-11.45	-12.21%	4.50%	11.13%	-68.91%

OGE Energy Corporate Events

OGE Energy Holds Annual Shareholders Meeting, Elects Board

At the Annual Meeting of Shareholders held on May 15, 2025, OGE Energy Corp. elected 10 board members, ratified Ernst & Young LLP as their principal independent accountants for 2025, and approved executive compensation. However, an amendment to eliminate supermajority voting provisions was not passed. Additionally, the Board of Directors declared a third quarter dividend of $0.42125 per common share, payable on July 25, 2025.

The most recent analyst rating on (OGE) stock is a Hold with a $46.00 price target. To see the full list of analyst forecasts on OGE Energy stock, see the OGE Stock Forecast page.