Oge Energy Stock Price, News & Analysis

OGE Energy Corp. (NYSE: OGE) has appointed W. Bryan Buckler as chief financial officer, effective January 1, 2021. Buckler succeeds Steve Merrill, who is retiring after 13 years. Buckler brings extensive experience from Duke Energy, where he served in multiple roles, including Vice President of Investor Relations. Chairman Sean Trauschke expressed confidence in Buckler's ability to enhance the company’s financial strengths. OGE serves approximately 865,000 customers in Oklahoma and western Arkansas, and holds interests in Enable Midstream.

OGE Energy Corp. (NYSE: OGE) has announced a first quarter dividend of $0.4025 per common share, to be paid on January 29, 2021. Shareholders on record by January 11, 2021 will receive this payment. OGE Energy, the parent company of OG&E, serves approximately 865,000 customers in Oklahoma and Western Arkansas and holds interests in Enable Midstream Partners LP.

OGE Energy Corp. reported earnings of $0.89 per diluted share for Q3 2020, down from $1.25 in Q3 2019. Ongoing earnings were $1.04 per share, with OG&E contributing $1.00 and Natural Gas Midstream Operations contributing $0.05. Net income dropped to approximately $177 million, influenced by a 21% decrease in cooling degree days due to cooler weather. The company adjusted its 2020 earnings guidance downward to $1.68-$1.70 per share for OG&E, while projecting a loss of ($2.63)-($2.59) per share from Natural Gas Midstream Operations. Conference call scheduled for Nov 5 at 8 a.m. CST.

OGE Energy Corp. (NYSE: OGE) has successfully completed construction of two 5 MW solar energy farms in southeast Oklahoma, designed to meet renewable energy needs for the Chickasaw and Choctaw Nations. Both farms are fully operational, providing approximately 50% of their output to the tribes and serving around 4,600 customers. Each farm covers 35 acres with 15,344 solar panels, producing energy sufficient for 1,785 homes. The CEO emphasized their commitment to expanding solar projects as demand increases.

OGE Energy Corp. (NYSE: OGE) will host a quarterly conference call on November 5, 2020, at 9 a.m. ET to discuss its third quarter 2020 results. Investors can access the call via a webcast on the company's website. OGE Energy, headquartered in Oklahoma City, serves approximately 863,000 customers in Oklahoma and western Arkansas through Oklahoma Gas and Electric Company. The company also holds significant interests in Enable Midstream Partners, LP.

OGE Energy Corp. (NYSE: OGE) has announced a 4% increase in its quarterly dividend, raising it from $0.3875 to $0.4025 per share, which equates to an annual dividend of $1.61. This increase, effective in the fourth quarter of 2020, reflects the company's strong operational execution and marks the 14th consecutive year of dividend growth. Shareholders will receive the payment on October 30, 2020, with a record date set for October 13, 2020.

OGE Energy Corp. (NYSE: OGE) has appointed Luke C. Kissam, IV, to its board of directors, effective Sept. 1, 2020. Kissam, the former CEO of Albemarle Corporation, brings extensive experience in the specialty chemicals sector. His term will last until the May 2021 shareholders' meeting, where he is anticipated to be nominated for a full term. He will serve on the compensation and nominating and corporate governance committees. OGE Energy is a regulated utility serving 863,000 customers in Oklahoma and Arkansas, and holds a significant interest in Enable Midstream.

OGE Energy Corp. reported a second-quarter earnings of $0.43 per diluted share, down from $0.50 in 2019. Ongoing earnings were $0.51 per share, reflecting a net income of approximately $86 million. The regulated utility, OG&E, contributed $0.39 per share, an increase from $0.37 last year. However, Natural Gas Midstream Operations saw a decline, contributing $0.10 per share compared to $0.13 in 2019. The company maintains its 2020 earnings outlook, projecting OG&E earnings between $1.72 and $1.78 per share, while consolidated earnings guidance indicates a potential loss of up to $173 million.

OGE Energy Corp. (NYSE: OGE) will hold its quarterly conference call on August 6, 2020, at 9 a.m. Eastern Time to discuss its second quarter 2020 results. The webcast can be accessed via the company's website. OGE serves approximately 860,000 customers in Oklahoma and western Arkansas through its subsidiary, Oklahoma Gas and Electric Company (OG&E). Additionally, OGE has interests in Enable Midstream Partners, LP.