OGE Energy Corp. (OGE) AI Stock Analysis

OGE Energy Corp., founded in 1902 and based in Oklahoma City, Oklahoma, operates as an energy and energy services provider across Oklahoma and western Arkansas. The company's electric operations serve approximately 879,000 customers over a 30,000-square-mile territory. It manages 16 generating stations with an aggregate capability of 7,207 megawatts utilizing coal, natural gas, wind, and solar assets. Its infrastructure network includes 54 substations and more than 5,000 miles of transmission lines in Oklahoma, alongside 350 distribution substations and nearly 30,000 miles of overhead lines across its two-state operating footprint.

Between FY2020 and FY2025, OGE achieved a 5-year revenue CAGR of 9.0%. Annual revenue fell from $3.65B in FY2021 to $2.67B in FY2023 before rebounding to $2.99B in FY2024 and $3.26B in FY2025. Operating margin expanded from 14.9% in FY2021 to 24.5% in FY2025, while net margin moved from 20.2% to 14.4%. Over the trailing twelve months, revenue reached $3.24B with an operating margin of 26.6% and net margin of 14.4%, producing EPS of $2.27. In the latest quarter ended June 30, 2026, quarterly revenue fell 4.0% year-over-year, while quarterly earnings grew 5.7%.

As of June 30, 2026, OGE held $900,000 in cash and short-term investments against $5.84B in total debt, leading to net debt of $5.84B and a debt-to-equity ratio of 1.17. The current ratio stood at 0.77 with total assets of $14.63B and shareholders' equity of $4.98B. Operating cash flow in FY2025 was $1.14B, which supported $1.05B in capital expenditures and yielded free cash flow of $82.7M. Financing activity in FY2025 included $341.9M in dividends paid and $196.5M raised through share issuance, with the 5-year share count rising 3.6%.

OGE has a market capitalization of $9.82B and an enterprise value of $15.08B. The stock trades at a trailing P/E of 20.9x and a forward P/E of 17.2x, compared to the median of its US-listed Utilities peers of 20.6x trailing and 17.2x forward. Its EV/EBITDA of 11.0x is below the peer median of 12.1x, while its price-to-sales ratio of 3.0x sits above the peer median of 2.4x. Over the past year, the stock returned 6.2% versus 16.8% for the S&P 500, and over five years it gained 73.9% compared to 83.0% for the S&P 500.

OGE pays a quarterly dividend with an annualized forward rate of $1.72 per share, yielding 3.61%. The dividend payout ratio is 75.1%. The company has paid dividends for 42 consecutive years and generated a 5-year annualized dividend growth rate of 1.5%. Its most recent ex-dividend date was October 5, 2026.

Wall Street coverage includes 2 Strong Buy, 4 Buy, 8 Hold, and zero Sell ratings. The mean price target of $49.50 suggests an implied upside of 4.1% from the last close of $47.53. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $3.38B and EPS of $2.43, representing 4.7% EPS growth. For the following fiscal year, 13 analysts project revenue of $3.59B and EPS of $2.61. OGE beat EPS estimates in 1 of the last 4 quarters, and the next earnings date is October 28, 2026.

This page is an AI-written research summary of OGE Energy Corp. (OGE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: OGE income statement, OGE balance sheet, OGE key metrics, OGE analyst forecast, OGE chart. See the OGE stock overview for the latest quote and news.