Last $36.85 USD
Change Today -0.26 / -0.70%
Volume 1.3M
OGE On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

oge energy corp (OGE) Snapshot

Open
$37.07
Previous Close
$37.11
Day High
$37.51
Day Low
$36.84
52 Week High
11/6/13 - $40.00
52 Week Low
12/18/13 - $32.85
Market Cap
7.3B
Average Volume 10 Days
1.3M
EPS TTM
$2.12
Shares Outstanding
199.2M
EX-Date
10/8/14
P/E TM
17.4x
Dividend
$1.00
Dividend Yield
2.40%
Current Stock Chart for OGE ENERGY CORP (OGE)

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oge energy corp (OGE) Details

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates through Electric Utility and Natural Gas Midstream Operations segments. The Electric Utility segment generates, transmits, distributes, and sells electric energy in Oklahoma and western Arkansas. This segment furnishes retail electric service in 268 communities and their contiguous rural and suburban areas; and owns and operates coal-fired, natural gas-fired, and wind-powered generating facilities. The Natural Gas Midstream Operations segment is involved in gathering, processing, transporting, and storing natural gas; provision of crude oil gathering services, and interstate and intrastate natural gas pipeline transportation and storage service to natural gas producers, utilities, and industrial customers. As of December 31, 2013, the company owned and operated 10 generating stations with an aggregate capability of 6,785 megawatts; and a transmission system comprising 51 substations and 4,589 structure miles of lines in Oklahoma, and 7 substations and 278 structure miles of lines in Arkansas. Its distribution system consisted of 353 substations, 29,144 structure miles of overhead lines, 2,239 miles of underground conduit, and 10,617 miles of underground conductors in Oklahoma, as well as 33 substations, 2,775 structure miles of overhead lines, 232 miles of underground conduit, and 696 miles of underground conductors in Arkansas. OGE Energy Corp. serves residential, commercial, industrial, oilfield, public authorities, and street light customers. OGE Energy Corp. was founded in 1995 and is based in Oklahoma City, Oklahoma.

3,269 Employees
Last Reported Date: 02/25/14
Founded in 1995

oge energy corp (OGE) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $920.4K
President
Total Annual Compensation: $523.9K
Chief Financial Officer
Total Annual Compensation: $325.0K
President of Enogex Holdings LLC and Chief Op...
Total Annual Compensation: $365.7K
Vice President of Utility Operations - OG&E
Total Annual Compensation: $308.3K
Compensation as of Fiscal Year 2013.

oge energy corp (OGE) Key Developments

OGE Energy Corp. Announces Quarterly Dividend, Payable on Oct. 30, 2014

OGE Energy Corp. announced that its Board of Directors has approved an increase in the company's quarterly dividend to $0.25 per share from $0.225 per share. That represents an 11% increase and equates to $1 per share annually. OGE also announced its plans to grow the dividend 10% per year through 2019. The increase is effective with the fourth quarter 2014 dividend and will be paid Oct. 30, 2014 to shareholders of record Oct. 10, 2014.

OGE Energy Corp. Announces Management Changes

OGE Energy Corp. announced the promotion of Sean Trauschke to President. Trauschke is currently the President of the subsidiary Oklahoma Gas and Electric Company as well as Chief Financial Officer of OGE Energy. Delaney will retain the titles of Chairman of the Board and Chief Executive Officer. In addition Steve Merrill has been named Chief Financial Officer of both entities. Merrill has previously served in various senior roles at OGE Energy as well as Chief Financial Officer and Chief Operating Officer of Enogex, one of the predecessor companies to Enable Midstream Partners, LLC. With a broad range of experience in the electric utility industry Trauschke joined OGE Energy Corp. in 2009 as Chief Financial Officer. He was named president of OG&E, the utility, in 2013.

OGE Energy Corp. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Re-Affirm Earnings Guidance for the Year 2014

OGE Energy Corp. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total operating revenues of $611.8 million against $734.2 million, operating income of $141.8 million against $143.9 million, income before taxes of $143.5 million against $126.9 million and net income attributable to the company $100.8 million or $0.50 per diluted common share against $91.7 million or $0.46 per diluted common share a year ago. As in the last quarter, the primary driver for increased consolidated earnings was higher profitability from LP ownership interest in the Enable Midstream MLP. Enable reported solid earnings earlier this week and announced increasing its quarterly distribution by almost 3%. For the six months, the company reported the company reported total operating revenues of $1,172.2 million against $1,635.6 million, operating income of $203.6 million against $219.3 million, income before taxes of $216.5 million against $170.5 million and net income attributable to the company $150.1 million or $0.75 per diluted common share against $114.8 million or $0.58 per diluted common share a year ago. The company's 2014 consolidated earnings guidance is unchanged from between $388 million to $411 million of net income, or $1.94 to $2.06 per average diluted share.

 

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Industry Analysis

OGE

Industry Average

Valuation OGE Industry Range
Price/Earnings 17.5x
Price/Sales 3.1x
Price/Book 2.4x
Price/Cash Flow 10.7x
TEV/Sales 1.8x
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