OGE Energy Corp. is the parent company of OG&E, a regulated electric utility with approximately 865,000 customers in Oklahoma and western Arkansas. In addition, OGE holds a 25.5 percent limited partner interest and a 50 percent general partner interest of Enable Midstream Partners LP, created by the merger of OGE's Enogex LLC midstream subsidiary and the pipeline and field services businesses of Houston-based CenterPoint Energy.

Company profile
Ticker
OGE
Exchange
Website
CEO
Sean Trauschke
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
OGE ENERGY CORP
SEC CIK
Corporate docs
Subsidiaries
Oklahoma Gas and Electric Company • OGE Enogex Holdings LLC ...
IRS number
731481638
OGE stock data
News

A Look Into Utilities Sector Value Stocks
17 Aug 22
OGE Energy Earnings Perspective: Return On Capital Employed
16 Aug 22
5 Value Stocks In The Utilities Sector
10 Aug 22
OGE Energy Q2 EPS $0.36 Misses $0.38 Estimate, Sales $803.70M Beat $494.05M Estimate
4 Aug 22
OGE Energy: Q2 Earnings Insights
4 Aug 22
Analyst ratings and price targets
Current price
Average target
$40.00
Low target
$39.00
High target
$41.00
Barclays
Maintains
$41.00
Mizuho
Maintains
$39.00
Calendar
3 Aug 22
18 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.9M | 4.9M | 4.9M | 4.9M | 4.9M | |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 16.93M | (no burn) | |
Cash used (since last report) | n/a | n/a | n/a | 27.89M | n/a | |
Cash remaining | n/a | n/a | n/a | -22.99M | n/a | |
Runway (months of cash) | n/a | n/a | n/a | -1.4 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Jun 22 | Sanner J. Michael | Stock Equiv Units Com Stk | Grant | Acquire A | No | No | 38.2 | 719.895 | 27.5K | 31,500.742 |
28 Jun 22 | Rainbolt David E | Stock Equiv Units Com Stk | Grant | Acquire A | No | No | 38.2 | 359.948 | 13.75K | 17,679.79 |
30 Mar 22 | Rainbolt David E | Stock Equiv Units Com Stk | Grant | Acquire A | No | No | 40.45 | 339.926 | 13.75K | 17,138.181 |
30 Mar 22 | Corbett Luke R | Stock Equiv Units Com Stk | Grant | Acquire A | No | No | 40.45 | 679.852 | 27.5K | 187,466.543 |
30 Mar 22 | Sanner J. Michael | Stock Equiv Units Com Stk | Grant | Acquire A | No | No | 40.45 | 679.852 | 27.5K | 30,457.998 |
Institutional ownership, Q2 2022
66.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 435 |
Opened positions | 48 |
Closed positions | 73 |
Increased positions | 163 |
Reduced positions | 122 |
13F shares | Current |
---|---|
Total value | 5.11B |
Total shares | 132.61M |
Total puts | 35.1K |
Total calls | 58K |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 23.73M | $914.87M |
Vanguard | 20.38M | $785.83M |
STT State Street | 7.02M | $270.66M |
FMR | 6.96M | $268.22M |
BK Bank Of New York Mellon | 3.05M | $117.42M |
Zimmer Partners | 2.86M | $110.26M |
Geode Capital Management | 2.57M | $99.08M |
Duff & Phelps Investment Management | 2.51M | $96.91M |
First Trust Advisors | 2.45M | $94.32M |
Artisan Partners Limited Partnership | 2.33M | $89.74M |
Financial report summary
?Risks
- The Registrants' profitability depends to a large extent on the ability of OG&E to fully recover its costs, including its cost of capital, from its customers in a timely manner, and there may be changes in the regulatory environment that impair its ability to recover costs from its customers.
- OG&E's rates are subject to rate regulation by the states of Oklahoma and Arkansas, as well as by a federal agency, whose regulatory paradigms and goals may not be consistent.
- Costs of compliance with environmental laws and regulations are significant, and the cost of compliance with future environmental laws and regulations may adversely affect our results of operations, financial position or liquidity.
- We are subject to financial risks associated with climate change and the transition to a lower carbon economy.
- We may not be able to recover the costs of our substantial investments in capital improvements and additions.
- The regional power market in which OG&E operates has changing transmission regulatory structures, which may affect the transmission assets and related revenues and expenses.
- Increased competition resulting from efforts to restructure utility and energy markets could have a significant financial impact on us and consequently impact our revenue.
- We are subject to substantial utility and energy regulation by governmental agencies. Compliance with current and future utility and energy regulatory requirements and procurement of necessary approvals, permits and certifications may result in significant costs to us.
- Our results of operations may be impacted by disruptions to fuel supply or the electric grid that are beyond our control.
- OG&E's electric generation, transmission and distribution assets are subject to operational risks that could result in unscheduled plant outages, unanticipated operation and maintenance expenses, increased purchased power costs, accidents and third-party liability.
- Weather conditions such as tornadoes, thunderstorms, ice storms, wind storms, flooding, earthquakes, prolonged droughts and the occurrence of wildfires, as well as seasonal temperature variations may adversely affect our financial position, results of operations and cash flows.
- Market performance, increased retirements, changes in retirement plan regulations and increasing costs associated with our Pension Plan, health care plans and other employee-related benefits may adversely affect our financial position, results of operations or cash flows.
- OGE Energy is a holding company with its primary assets being investments in its subsidiary, OG&E, and in its ownership of a portion of the equity securities of Energy Transfer.
- OGE Energy does not control Energy Transfer and therefore is not able to cause or prevent actions by Energy Transfer.
- Changes in Energy Transfer's fair value could adversely affect OGE Energy's net income.
- OGE Energy's operating cash flow is derived partially from cash distributions it receives from Energy Transfer.
- Income from Energy Transfer's midstream, transportation, terminalling and storage operations is exposed to risks due to fluctuations in the demand for and price of natural gas, NGLs, crude oil and refined products that are beyond Energy Transfer's control.
- Economic conditions could negatively impact our business and our results of operations.
- We are subject to cybersecurity risks and increased reliance on processes dependent on technology.
- The failure of our technology infrastructure, or the failure to enhance existing technology infrastructure and implement new technology, could adversely affect our business.
- Terrorist attacks, and the threat of terrorist attacks, have resulted in increased costs to our business and could impact our ability to operate critical infrastructure. Continued hostilities or sustained military campaigns may adversely impact our financial position, results of operations and cash flows.
- We face certain human resource risks associated with the availability of trained and qualified labor to meet our future staffing requirements.
- Certain provisions in our charter documents have anti-takeover effects.
- We may be able to incur substantially more indebtedness, which may increase the risks created by our indebtedness.
- Our debt levels may limit our flexibility in obtaining additional financing and in pursuing other business opportunities.
- We are exposed to the credit risk of our key customers and counterparties, and any material nonpayment or nonperformance by our key customers and counterparties could adversely affect our financial position, results of operations and cash flows.
Management Discussion
- (A)Other operations primarily includes the operations of the holding company and consolidating eliminations. For the three and six months ended June 30, 2022, other operations includes a $6.1 million tax expense and a $5.8 million tax benefit, respectively, due to a consolidating tax adjustment, primarily related to mark-to-market activity and the gain on sale of Energy Transfer limited partner units, that is expected to eliminate over the remainder of the year.
- (A)Decreased during the six months ended June 30, 2022 primarily due to both elevated pricing from Winter Storm Uri and higher market prices related to increased natural gas prices in 2021.
- (B)Degree days are calculated as follows: The high and low degrees of a particular day are added together and then averaged. If the calculated average is above 65 degrees, then the difference between the calculated average and 65 is expressed as cooling degree days, with each degree of difference equaling one cooling degree day. If the calculated average is below 65 degrees, then the difference between the calculated average and 65 is expressed as heating degree days, with each degree of difference equaling one heating degree
Content analysis
?Positive | ||
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Readability |
H.S. sophomore Avg
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New words:
affirmed, alter, analogy, ASU, consignment, contest, coupled, enterprise, failed, flexibility, floating, HANA, hardening, intervening, opposition, partly, reclassification, reply, retrospective, SAP, submittal, tied, warmer
Removed:
deemed, expire, fly, identify, strength, strike
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
3 Aug 22
8-K
Entry into a Material Definitive Agreement
20 Jul 22
8-K
Regulation FD Disclosure
7 Jun 22
8-K
Departure of Directors or Certain Officers
23 May 22
8-K
Results of Operations and Financial Condition
4 May 22
8-K
Results of Operations and Financial Condition
23 Feb 22
8-K
Entry into a Material Definitive Agreement
21 Dec 21
8-K
Entry into a Material Definitive Agreement
3 Dec 21
8-K
Results of Operations and Financial Condition
3 Nov 21
8-K
Results of Operations and Financial Condition
4 Aug 21
Registration and prospectus
S-8
Registration of securities for employees
4 Aug 22
S-8 POS
Registration of securities for employees (post-effective amendment)
4 Aug 22
424B2
Prospectus for primary offering
25 May 21
FWP
Free writing prospectus
24 May 21
424B5
Prospectus supplement for primary offering
24 May 21
S-3ASR
Automatic shelf registration
6 May 21
S-3ASR
Automatic shelf registration
1 Oct 20
S-3ASR
Automatic shelf registration
18 May 18
S-3ASR
Automatic shelf registration
1 Nov 17
S-3ASR
Automatic shelf registration
8 Aug 16
Proxies
DEFA14A
Additional proxy soliciting materials
9 May 22
PX14A6G
Letter to shareholders
13 Apr 22
DEFA14A
Additional proxy soliciting materials
4 Apr 22
DEFA14A
Additional proxy soliciting materials
11 May 21
DEFA14A
Additional proxy soliciting materials
4 May 21
DEFA14A
Additional proxy soliciting materials
5 Apr 21
DEF 14A
Definitive proxy
5 Apr 21
PRE 14A
Preliminary proxy
1 Mar 21
Other
UPLOAD
Letter from SEC
20 Sep 21
CORRESP
Correspondence with SEC
12 Sep 21
UPLOAD
Letter from SEC
30 Aug 21
CORRESP
Correspondence with SEC
31 May 21
UPLOAD
Letter from SEC
19 May 21
NO ACT
No action letter
23 Feb 17
UPLOAD
Letter from SEC
16 Nov 16
CORRESP
Correspondence with SEC
3 Nov 16
UPLOAD
Letter from SEC
26 Oct 16
CORRESP
Correspondence with SEC
4 Oct 16
Ownership
4
OGE ENERGY / J. Michael Sanner ownership change
30 Jun 22
4
OGE ENERGY / DAVID E RAINBOLT ownership change
30 Jun 22
11-K
Annual report of employee stock purchases
16 Jun 22
4
OGE ENERGY / J. Michael Sanner ownership change
1 Apr 22
4
OGE ENERGY / DAVID E RAINBOLT ownership change
1 Apr 22
4
OGE ENERGY / LUKE R CORBETT ownership change
1 Apr 22
4
OGE ENERGY / Patricia D Horn ownership change
30 Mar 22
4
OGE ENERGY / Cristina F McQuistion ownership change
10 Mar 22
4/A
OGE ENERGY / Sheila Talton ownership change
3 Mar 22
4
OGE ENERGY / DAVID L HAUSER ownership change
2 Mar 22
Transcripts
2022 Q2
Earnings call transcript
8 Aug 22
2022 Q1
Earnings call transcript
5 May 22
2021 Q4
Earnings call transcript
24 Feb 22
2021 Q3
Earnings call transcript
4 Nov 21
2021 Q2
Earnings call transcript
7 Aug 21
2021 Q1
Earnings call transcript
9 May 21
2020 Q4
Earnings call transcript
25 Feb 21
2020 Q3
Earnings call transcript
8 Nov 20
2020 Q2
Earnings call transcript
9 Aug 20
2020 Q1
Earnings call transcript
9 May 20
Reddit threads
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - July 8th, 2022
8 Jul 22
Does anyone know of any QUALIFIED dividend that has a yield of 4%+?
7 Jul 22
Daily Discussion Thread - July 7th, 2022
7 Jul 22
Daily Discussion Thread - July 6th, 2022
6 Jul 22
Daily Discussion Thread - July 5th, 2022
5 Jul 22
Dividend Quickboard #1 | $LOW
31 May 22
In your opinion, what’re the safest stocks to invest in? Not ETF’s
24 May 22
Daily Discussion Thread - May 5th, 2022
5 May 22
Daily Discussion Thread - May 4th, 2022
4 May 22