OGE

Utilities

OGE Energy Corp. · Regulated Electric · $10B

UQS Score — Balanced Preset
46.6
Below Average

OGE Energy Corp. scores 46.6/100 using the Balanced preset.

UQS vs Utilities Sector
OGE
46.6
Sector avg
43.5
Quality
Good
Moat
Neutral
Growth
Neutral
Risk
Weak
Valuation
Neutral

What is OGE Energy Corp.?

OGE Energy Corp. is a regulated electric utility headquartered in Oklahoma City, Oklahoma, serving customers across a broad service territory in Oklahoma and western Arkansas. Founded in 1902, the company has operated regional energy infrastructure for over a century.

OGE Energy generates, transmits, distributes, and sells electric energy to residential, commercial, and industrial customers. The company operates a diverse generation fleet that includes coal-fired, natural gas-fired, wind-powered, and solar-powered assets. Revenue flows primarily from regulated retail electric service, which provides a degree of earnings predictability tied to rate cases approved by state utility commissions in Oklahoma and Arkansas.

OGE Energy Corp. was founded in 1902 and is headquartered in Oklahoma City, Oklahoma.

  • Regulated retail electric service across Oklahoma and western Arkansas
  • Electric generation from coal, natural gas, wind, and solar assets
  • High-voltage transmission and distribution infrastructure
  • Energy delivery services for residential and business customers

Is OGE a Good Stock to Buy?

UQS Score rates OGE as Below Average overall, reflecting meaningful headwinds across several key pillars.

The Quality pillar stands out as the relative bright spot, suggesting the underlying business maintains reasonable operational characteristics typical of regulated utilities. The Valuation pillar lands at Neutral, meaning the stock is not obviously mispriced relative to fundamentals.

Both the Growth and Risk pillars register as Weak, which is a notable combination — limited growth prospects paired with elevated risk factors weigh heavily on the composite score. The Moat pillar is Neutral, indicating no strong competitive differentiation beyond the regulated franchise.

Pro members can view the complete pillar breakdown and underlying financial metrics behind OGE's UQS Score. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does OGE pay dividends?

Yes — OGE Energy Corp. pays a dividend.

OGE Energy pays a regular dividend, consistent with the income-oriented profile common among regulated electric utilities. The company's relatively stable, rate-regulated cash flows support ongoing dividend distributions. Investors seeking income from the utilities sector often consider OGE alongside peers, though the Weak Growth and Risk pillar ratings are worth weighing alongside any yield consideration.

When does OGE report earnings?

OGE Energy reports earnings on a quarterly cadence, standard for US-listed utilities.

As a regulated utility, OGE's quarterly results tend to reflect rate-base returns, seasonal electricity demand, and fuel cost recovery mechanisms. Growth has been limited relative to broader sector peers, consistent with the Weak Growth pillar rating in UQS.

For the most recent quarter's results and guidance, visit OGE Energy Corp.'s investor relations page directly.

OGE Price History

+67.4% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in OGE Energy Corp.?

$
Today it would be worth
$17,174
That's a +71.7% total return, or +11.4% annualized.

Based on OGE Energy Corp.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

OGE Long-term Outlook

OGE's fundamental outlook is shaped by the combination of a Weak Growth pillar and a Weak Risk pillar — a pairing that suggests limited near-term earnings expansion alongside above-average uncertainty. Regulated utilities typically offer predictable cash flows, but OGE's profile indicates that rate-base growth and cost recovery may face headwinds. The Neutral Valuation pillar suggests the market has partially priced in these constraints, leaving little obvious margin of safety or upside catalyst visible in the current UQS framework.

Growth drivers

  • Potential rate-base expansion through grid modernization and infrastructure investment
  • Renewable energy additions to the generation fleet in Oklahoma and Arkansas
  • Gradual customer growth tied to regional economic development

Key risks

  • Regulatory lag and rate case outcomes that may limit cost recovery
  • Fuel cost volatility affecting coal and natural gas generation economics
  • Limited earnings growth potential constraining long-term total return

OGE vs Peers

OGE Energy operates in a regulated utility landscape alongside several regional peers with differing business profiles.

OKLOOGE scores higher
Oklo Inc.

Oklo is an advanced nuclear technology company pursuing small modular reactors, representing a very different risk and growth profile compared to OGE's established regulated utility operations.

IDASimilar UQS
IDACORP, Inc.

IDACORP serves customers in Idaho and Oregon with a hydropower-heavy generation mix, giving it a distinct fuel cost and environmental profile relative to OGE's coal and gas-weighted fleet.

PNWOGE scores higher
Pinnacle West Capital Corporation

Pinnacle West operates Arizona Public Service, a large regulated utility in a high-growth Sun Belt market, contrasting with OGE's more modest Oklahoma and Arkansas service territory dynamics.

Frequently Asked Questions

What does OGE Energy Corp. do?

OGE Energy Corp. generates, transmits, distributes, and sells electricity to approximately 879,000 customers across Oklahoma and western Arkansas. The company operates a diverse generation fleet including coal, natural gas, wind, and solar assets, and earns revenue primarily through regulated retail electric rates approved by state utility commissions.

Does OGE pay dividends?

Yes, OGE Energy pays a regular dividend. Regulated utilities like OGE typically distribute a portion of their rate-regulated cash flows to shareholders as income. Investors should review the company's investor relations page for the current dividend rate and payment schedule, as specific figures are not covered here.

When does OGE report earnings?

OGE Energy reports earnings on a quarterly cadence, as is standard for US-listed utilities. For exact dates and the most recent quarterly results, check OGE Energy Corp.'s investor relations page, which publishes earnings calendars and press releases directly.

Is OGE a good stock to buy?

UQS Score rates OGE as Below Average overall. The Quality pillar is Good, but both the Growth and Risk pillars are Weak, which is a meaningful combination for investors evaluating total return potential. The Valuation pillar is Neutral. Pro members can access the full pillar breakdown to inform their own assessment.

Is OGE overvalued?

The UQS Valuation pillar for OGE is rated Neutral, suggesting the stock is neither clearly cheap nor obviously expensive relative to its fundamentals. Given the Weak Growth profile, investors should consider whether the current price adequately compensates for limited earnings expansion. The full valuation metrics are available to Pro members.

How does OGE compare to its competitors?

Compared to peers like IDACORP and Pinnacle West, OGE operates a more fuel-diverse but slower-growth regulated franchise in Oklahoma and Arkansas. Oklo represents a very different, early-stage nuclear technology business. Each peer carries a distinct risk, growth, and regulatory profile — the UQS Score platform allows side-by-side pillar comparisons for Pro members.

What is OGE's market cap bracket?

OGE Energy Corp. is classified as a mid-cap company. This places it in the middle tier of publicly traded utilities — larger than many regional micro- or small-cap operators, but smaller than the mega-cap integrated utilities that dominate national indices.

Who founded OGE Energy Corp.?

OGE Energy Corp. was founded in 1902. The company has grown over more than a century from a local Oklahoma electric provider into a regulated utility serving nearly 879,000 customers across a 30,000-square-mile territory. Detailed founding history is publicly available through the company's official corporate resources.

Is OGE a long-term quality investment?

From a long-term quality perspective, OGE's UQS profile presents a mixed picture. The Quality pillar is Good, reflecting reasonable operational characteristics. However, the Weak Growth and Weak Risk pillars suggest that long-term compounding potential may be constrained. Investors focused on long-term quality indicators should review the full UQS breakdown available to Pro members.

What is the main competitive advantage of OGE Energy?

OGE's primary competitive position stems from its regulated utility franchise — a government-authorized monopoly to serve a defined geographic territory in Oklahoma and western Arkansas. This provides a degree of revenue predictability. However, the UQS Moat pillar rates this advantage as Neutral, indicating it does not translate into a particularly strong economic moat by composite scoring standards.

What sector does OGE belong to?

OGE Energy Corp. belongs to the Utilities sector, specifically operating as a regulated electric utility. Utilities are generally characterized by stable, regulated cash flows and dividend income, though growth rates tend to be lower than in other sectors — a dynamic reflected in OGE's UQS pillar profile.

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Pro Analysis

OGE — Score History

3540455055Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 15 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 24, 202646.665.650.040.719.244.5+3.2
May 8, 202643.432.750.040.040.257.7-3.5
May 7, 202646.967.050.040.018.645.80.0
May 3, 202646.967.050.040.018.645.5-0.1
May 1, 202647.067.050.040.018.646.2+0.1
Apr 29, 202646.967.050.039.918.646.10.0
Apr 26, 202646.967.050.039.818.646.1+0.1
Apr 21, 202646.867.050.039.818.645.3+0.1
Apr 19, 202646.767.050.039.118.645.4+0.1
Apr 18, 202646.667.050.039.118.645.2+1.0

OGE — Pillar Breakdown

Quality

65.6/100 (25%)

OGE Energy Corp. shows solid profitability with healthy returns on capital and reasonable margins.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityModerate

Profitability relative to shareholders' equity.

Operating ProfitabilityStrong

Ability to convert revenue into operating profit.

Net ProfitabilityStrong

Bottom-line profit as a share of revenue.

Gross Profit / AssetsWeak

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationStrong

Free cash flow relative to market value.

Growth

40.7/100 (20%)

OGE Energy Corp. shows steady but unspectacular growth, typical for mature companies.

Recent Revenue TrendModerate

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookModerate

Analyst consensus for future revenue growth.

Forward EPS GrowthModerate

Analyst consensus for future earnings growth.

Risk

19.2/100 (15%)

OGE Energy Corp. presents elevated risk with concerns around leverage or financial stability.

Financial LeverageWeak

Debt levels relative to earnings capacity.

Debt/EquityModerate

Total debt relative to shareholder equity.

Current RatioWeak

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

44.5/100 (15%)

OGE Energy Corp. has a mixed valuation — some metrics suggest fair value while others appear stretched.

Earnings YieldModerate

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowWeak

How many years of FCF the market cap represents.

PEG RatioModerate

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorModerate

Enterprise value multiple relative to sector median.

Moat

50/100 (25%)

OGE Energy Corp. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for OGE.

Score Composition

Quality
65.6×25%16.4
Growth
40.7×20%8.1
Risk
19.2×15%2.9
Valuation
44.5×15%6.7
Moat
50.0×25%12.5
Total
46.6Below Average

Financial Data

More Stock Analysis

How is the OGE UQS Score Calculated?

The UQS (Unified Quality Score) for OGE Energy Corp. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses OGE Energy Corp.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether OGE Energy Corp. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.