We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why You Should Add OGE Stock to Your Portfolio Right Now
Read MoreHide Full Article
Key Takeaways
OGE plans $6.5B in infrastructure spending from 2025-2029 to improve grid safety, resiliency and reliability.
OGE continues expanding renewable generation with wind and solar assets across Oklahoma and Arkansas.
OGE Energy rewards shareholders with a steady dividend, currently offering a yield of 3.95%.
OGE Energy Corp. (OGE - Free Report) focuses on consistent investments in infrastructure upgrades to better serve its customers. The company is also steadily expanding its renewable generation assets. Given its strong growth prospects, OGE makes for a solid investment option in the Zacks Utility Electric Power industry.
Let us focus on the reasons that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment.
OGE’s Growth Outlook & Surprise History
The Zacks Consensus Estimate for 2025 earnings per share is pegged at $2.28, which indicates year-over-year growth of 4.1%.
The consensus estimate for 2025 sales is $3.28 billion, which indicates year-over-year growth of 9.8%.
OGE’s long-term (three to five years) earnings growth rate is 7%.
The company delivered an average earnings surprise of 10.45% in the last four quarters. It beat the estimates in two quarters and missed the estimates in two quarters.
OGE’s Return on Equity
Return on equity (ROE) indicates how efficiently a company has been utilizing its funds to generate higher returns. Currently, OGE’s ROE is 10.77% compared with its industry’s average of 9.9%. This indicates that the company has been utilizing its funds more constructively than its peers in the industry.
OGE’s Return to Shareholders
OGE Energy has been increasing shareholder value by steadily paying dividends. Currently, the company’s dividend yield is 3.95%, better than the industry's average of 3.22%.
OGE Energy is undertaking substantial infrastructure investments to enhance customer service efficiency. Between 2025 and 2029, the company aims to invest $6.50 billion, with a focus on strengthening the safety, resiliency and reliability of its transmission and distribution grids, along with its generation fleet.
OGE Energy continues to make steady investments in expanding its renewable generation assets. As of December 2024, the company owned the 120-megawatt (MW) Centennial, 101 MW OU Spirit and 228 MW Crossroads wind farms, along with six solar sites across Oklahoma and one in Arkansas. It also plans to add more renewable resources with zero greenhouse gas emissions. These efforts are expected to strengthen OGE Energy’s renewable energy portfolio while supporting revenue growth from its renewable assets.
OGE Stock Price Performance
In the past year, OGE shares have risen 2.8% compared with the industry’s growth of 20.2%.
PCG delivered an average earnings surprise of 0.47% in the last four quarters. The Zacks Consensus Estimate for PCG’s 2025 sales is pinned at $26.06 billion, which indicates year-over-year growth of 6.7%.
FE delivered an average earnings surprise of 5.15% in the last four quarters. The consensus estimate for FE’s 2025 sales is pinned at $14.40 billion, which indicates year-over-year growth of 6.9%.
Ameren delivered an average earnings surprise of 0.22% in the last four quarters. The Zacks Consensus Estimate for AEE’s 2025 sales is pinned at $8.97 billion, which indicates year-over-year growth of 17.7%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's Why You Should Add OGE Stock to Your Portfolio Right Now
Key Takeaways
OGE Energy Corp. (OGE - Free Report) focuses on consistent investments in infrastructure upgrades to better serve its customers. The company is also steadily expanding its renewable generation assets. Given its strong growth prospects, OGE makes for a solid investment option in the Zacks Utility Electric Power industry.
Let us focus on the reasons that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment.
OGE’s Growth Outlook & Surprise History
The Zacks Consensus Estimate for 2025 earnings per share is pegged at $2.28, which indicates year-over-year growth of 4.1%.
The consensus estimate for 2025 sales is $3.28 billion, which indicates year-over-year growth of 9.8%.
OGE’s long-term (three to five years) earnings growth rate is 7%.
The company delivered an average earnings surprise of 10.45% in the last four quarters. It beat the estimates in two quarters and missed the estimates in two quarters.
OGE’s Return on Equity
Return on equity (ROE) indicates how efficiently a company has been utilizing its funds to generate higher returns. Currently, OGE’s ROE is 10.77% compared with its industry’s average of 9.9%. This indicates that the company has been utilizing its funds more constructively than its peers in the industry.
OGE’s Return to Shareholders
OGE Energy has been increasing shareholder value by steadily paying dividends. Currently, the company’s dividend yield is 3.95%, better than the industry's average of 3.22%.
OGE’s Infrastructure Investments & Renewable Focus
OGE Energy is undertaking substantial infrastructure investments to enhance customer service efficiency. Between 2025 and 2029, the company aims to invest $6.50 billion, with a focus on strengthening the safety, resiliency and reliability of its transmission and distribution grids, along with its generation fleet.
OGE Energy continues to make steady investments in expanding its renewable generation assets. As of December 2024, the company owned the 120-megawatt (MW) Centennial, 101 MW OU Spirit and 228 MW Crossroads wind farms, along with six solar sites across Oklahoma and one in Arkansas. It also plans to add more renewable resources with zero greenhouse gas emissions. These efforts are expected to strengthen OGE Energy’s renewable energy portfolio while supporting revenue growth from its renewable assets.
OGE Stock Price Performance
In the past year, OGE shares have risen 2.8% compared with the industry’s growth of 20.2%.
Image Source: Zacks Investment Research
Other Stocks to Consider
A few other top-ranked stocks from the same industry are PG&E Corp. (PCG - Free Report) , FirstEnergy (FE - Free Report) and Ameren (AEE - Free Report) , each carrying a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
PCG delivered an average earnings surprise of 0.47% in the last four quarters. The Zacks Consensus Estimate for PCG’s 2025 sales is pinned at $26.06 billion, which indicates year-over-year growth of 6.7%.
FE delivered an average earnings surprise of 5.15% in the last four quarters. The consensus estimate for FE’s 2025 sales is pinned at $14.40 billion, which indicates year-over-year growth of 6.9%.
Ameren delivered an average earnings surprise of 0.22% in the last four quarters. The Zacks Consensus Estimate for AEE’s 2025 sales is pinned at $8.97 billion, which indicates year-over-year growth of 17.7%.