Welcome to our dedicated page for Oge Energy news (Ticker: OGE), a resource for investors and traders seeking the latest updates and insights on Oge Energy stock.
OGE Energy Corp. is the holding company for Oklahoma Gas and Electric Company, a regulated electric utility that generates, transmits, distributes and sells electricity in Oklahoma and western Arkansas. News about OGE commonly covers OG&E operating results, weather and load effects, utility infrastructure investment, customer growth, rate and regulatory matters, and quarterly dividend declarations.
Company updates also include capital actions such as common stock offerings, earnings webcasts, and electric service arrangements tied to large customer demand. Coverage centers on the regulated utility business and the holding-company results that include OG&E and other operations.
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.