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OGE Energy Corporation(OGE)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
2-STAR RATING
PASS
LAST CLOSE
$46.01
09/16/2026
(24-hour delay)

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Upturn Advisory & Investor View for OGE

09/16/2026: OGE (2-star) is currently NOT-A-BUY. Pass it for now.

OGE Energy Corporation is a mature, regulated electric utility primarily serving customers in Oklahoma and Arkansas. The company's main strength lies in its stable, franchised service territory and essential-service demand, which provide reliable cash flows. Its growth strategy is centered on grid modernization and meeting increased industrial power needs. However, the company faces risks from regulatory volatility, capital-intensive infrastructure requirements, and the financial impact of extreme weather events. OGE is generally well-suited for income-focused investors who prioritize lower volatility, though its long-term growth is tempered by its regulated nature. Investors should monitor developments in state rate cases and industrial infrastructure demand.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitThe company is a mature utility with stable, low-growth characteristics rather than high-growth potential.
Momentum investorWeak fitUtility stocks typically lack the high-volatility, high-upside profile favored by momentum strategies.
Value investorMixed fitThe stock may appeal to value investors seeking steady earnings, though valuation is often pegged to interest rate cycles.
Dividend investorStrong fitThe company's history of consistent dividend payments makes it suitable for income-focused portfolios.
Low-risk investorStrong fitRegulated utilities generally offer lower beta and less volatility compared to the broader market.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityLowAs a regulated utility, the stock generally exhibits lower price volatility than the broader equity market.
Valuation riskMediumValuations for utilities are highly sensitive to prevailing interest rates and bond yield alternatives.
Competition risk (regional regulatory competition)LowThe company holds a regulated franchise, insulating it from traditional competitive market forces.
Business qualityStrongThe business benefits from a stable, essential-service demand profile and established regulatory frameworks.
Dividend incomeMediumWhile dividends are generally stable, they are subject to board approval and financial performance.
Execution riskMediumLarge-scale infrastructure projects and grid modernization require precise execution to maintain regulatory approval.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Very Smooth
PRICE STABILITY

Very Smooth

The stock has followed a highly orderly price path with minimal short-term disruption.

Analysis of Past Performance

Type Stock
Historic Profit 8.72%
Avg. Invested days 52
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/16/2026

Upturn Scorecard

Upturn Star Rating

OGE receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

OGE has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, moderate earnings growth (+6.6%) and solid profitability (net margin 14.4%) are partially offset by soft cash generation (FCF margin 2.5%), moderate revenue growth (+9.2%), very low insider ownership of 0.40%.

Financial Health Rating

OGE's financial health is supported by solid cash strength, including free-cash-flow generation (2.5% of revenue). Liquidity is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

Free-cash-flow growth is OGE's strongest growth driver at +129.7% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (+9.2%, moderate) and earnings growth (+6.6%, moderate) hold the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 81.8% and approximately 99.3% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.40%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 12.19%
Vanguard Portfolio Management, LLC 5.18%
Vanguard Capital Management, LLC 4.46%
State Street Corp 3.40%
ClearBridge Advisors, LLC 2.98%

Unit Economics (Per $1K Revenue)

OGE generates approximately $442 of gross profit, $245 of operating income, and $25 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 16.02%

Quantitative Style Profile

OGE has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 9.50B USD
Price to earnings Ratio 20
1Y Target Price 50.73
Price to earnings Ratio 20
1Y Target Price 50.73
Volume (30-day avg) 1.4M shares
Beta 0.51
52 Weeks Range 40.98 - 50.59
Updated Date 09/16/2026
52 Weeks Range 40.98 - 50.59
Updated Date 09/16/2026
Dividends yield (FY) 3.71%
Basic EPS (TTM) 2.3

How Company Makes Money

Business areaWhat it includesRetail investor read
Regulated Electric UtilityGeneration, transmission, and retail distribution of electricity to Oklahoma and Arkansas customers.The company earns money by providing essential electricity services to a protected, franchised customer base.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE 20
Forward PE 17.57
Enterprise Value 15.29B
Price to Sales(TTM) 2.94
Enterprise Value 15.29B
Price to Sales(TTM) 2.94
Enterprise Value to Revenue 4.72
Enterprise Value to EBITDA 11.13
Shares Outstanding 206.58M
Shares Floating 205.20M
Shares Outstanding 206.58M
Shares Floating 205.20M
Percent Insiders 0.4
Percent Institutions 81.78

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About OGE Energy Corporation

Exchange NYSE
Headquarters Oklahoma City, OK, United States
IPO Launch date 1987-12-30
Chairman, President & CEO Mr. Robert Sean Trauschke
Sector Utilities
Industry Utilities - Regulated Electric
Full time employees 2248
Full time employees 2248

OGE Energy Corp., through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States. It owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets. The company also provides retail electric services to approximately 913,000 customers that covers a service area of approximately 30,000 square miles. Additionally, it offers bill payment and electric construction services for residential and business sectors. OGE Energy Corp. was founded in 1902 and is based in Oklahoma City, Oklahoma.