OGE Energy (OGE) AI Stock Analysis

• Market Cap: $8.91B
• Dividend Yield: 3.8%
• Average Volume (3M): 1.07M
• Price to Earnings (P/E): 18.4
• Beta (1Y): 0.35
• Revenue Growth: 15.56%
• EPS Growth: 21.90%
• Country: US
• Employees: 2,291
• Sector: Utilities
• Sector Strength: 87
• Industry: Regulated Electric
• EPS (TTM): 0.31
• Shares Outstanding: 201,330,200
• 10 Day Avg. Volume: 1,025,379
• 30 Day Avg. Volume: 1,065,733
• PEG Ratio: 1.84
• Price to Book (P/B): 1.93
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -24.29
• Enterprise Value/Market Cap: 1.66
• Enterprise Value/Revenue: 1.27
• Enterprise Value/Gross Profit: 10.16
• Enterprise Value/Ebitda: 2.90
• 1Y Price Target: $46.06
• Price Target Upside: 4.11% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 8

• Rating: 70 Neutral
• Price Target: $49.00 ▲( 10.76% Upside)

OGE's overall stock score is driven primarily by strong earnings growth and a reasonable valuation, providing a solid fundamental basis. However, technical indicators suggest caution, and the company's financial performance highlights some risks due to cash flow volatility and increased leverage. Positive sentiment from the earnings call supports the company's growth outlook, but potential risks in the industrial sector and Moody's negative outlook must be monitored.

Positive Factors

Data Center Expansion

OGE Energy Corp is expected to benefit from new data center capacity and discussions with multiple data centers, showing no decline in interest.

Financial Performance

OGE is expected to be at the high end of 5-7% EPS CAGR near-term and even higher over the long-term with RFP and other spend.

Load Growth

OGE's strong track record of execution and significant load growth opportunities justify a premium valuation.

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.

Valuation Concerns

OGE's 9% relative premium to the electric utility peer group limits upside, especially with another upcoming general rate case filing in Oklahoma.

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's financial statements reflect a company navigating through fluctuations in revenue and cash flow while maintaining a stable equity position. Improved profitability in recent years is positive, but cash flow volatility and increased leverage highlight potential risks.

Income Statement

The income statement shows mixed performance. While the net profit margin has improved from negative in 2020 to positive in 2023, revenue growth has been inconsistent with a significant decline in 2021. Gross profit margins have remained relatively stable but were impacted by fluctuating revenues, and EBIT and EBITDA margins have shown resilience despite revenue volatility.

Balance Sheet

The balance sheet indicates a stable equity base with stockholders' equity improving over the years. The debt-to-equity ratio has increased, highlighting a reliance on debt financing, which could pose risks in a rising interest rate environment. However, the equity ratio remains reasonable, suggesting a balanced capital structure.

Cash Flow

Cash flow analysis shows volatility with operating cash flow experiencing fluctuations. Free cash flow has been inconsistent, with negative figures in some years. The operating cash flow to net income ratio indicates strong cash generation capability in 2023, but historical inconsistency poses a risk.

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
	EBIT
804.40M	745.30M	650.20M	948.70M	1.03B	-145.50M
	EBITDA
1.37B	1.31B	1.20B	1.42B	1.45B	248.70M
	Net Income Common Stockholders
485.60M	441.50M	416.80M	665.70M	737.30M	-173.70M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.30M	600.00K	200.00K	88.10M	0.00	1.10M
	Total Assets
12.92B	13.72B	12.79B	12.54B	12.61B	10.72B
	Total Debt
5.10B	5.52B	4.84B	4.55B	4.98B	3.59B
	Net Debt
5.09B	5.52B	4.84B	4.46B	4.98B	3.59B
	Total Liabilities
8.47B	9.08B	8.28B	8.13B	8.55B	7.09B
	Stockholders Equity
4.45B	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: 44.24
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 44.24 is below the 20-day moving average (MA) of 44.52, below the 50-day MA of 44.51, and above the 200-day MA of 41.78, indicating a neutral trend. The MACD of -0.12 indicates Positive momentum. The RSI at 48.89 is Neutral, neither overbought nor oversold. The STOCH value of 63.01 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	78 Outperform	$15.85B	21.29	10.71%	3.20%	2.46%	5.66%
DTE	72 Outperform	$28.29B	18.41	13.28%	3.10%	11.16%	20.94%
OGE	70 Neutral	$8.91B	18.35	10.72%	3.80%	15.56%	21.90%
EVRG	68 Neutral	$15.14B	17.34	8.95%	3.98%	5.53%	23.00%
CNP	67 Neutral	$24.52B	25.26	9.22%	2.21%	4.76%	4.08%
PNW	65 Neutral	$10.84B	18.03	9.08%	3.91%	10.69%	12.37%
Sector *	63 Neutral	$8.54B	10.36	4.69%	4.37%	4.05%	-12.96%

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.