OGE Energy completed its long transition to a fully regulated all-electric utility in late 2022 when it finished divesting its midstream gas business. Investors can now focus on electricity demand growth and rate regulation primarily in Oklahoma, which represents 90% of earnings.
OGE is making progress improving Oklahoma regulation so that it can execute its growth investment plan without creating a drag on its earned return on equity.
Oklahoma's three-person, publicly elected utilities commission structure creates more regulatory risk than other utilities face.
|
Metric
|
OGE
|
AEP
|
CNP
|
|---|---|---|---|
Price/Earnings (Normalized) | 19.63 | 18.45 | 17.85 |
Price/Book Value | 1.83 | 2.07 | 1.80 |
Price/Sales | 2.96 | 2.75 | 2.16 |
Price/Cash Flow | 8.45 | 8.41 | 6.78 |
|
Metric
|
OGE
|
AEP
|
CNP
|
|---|---|---|---|
Quick Ratio | 0.30 | 0.32 | 0.50 |
Current Ratio | 0.71 | 0.65 | 1.20 |
Interest Coverage | 2.88 | 2.34 | 2.44 |
|
Metric
|
OGE
|
AEP
|
CNP
|
|---|---|---|---|
Return on Assets (Normalized) | 3.14% | 2.79% | 2.65% |
Return on Equity (Normalized) | 9.04% | 10.73% | 10.66% |
Return on Invested Capital (Normalized) | 6.62% | 6.00% | 6.27% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| NextEra Energy Inc
NEE
| Mgxccmnnf | Pxqwyqt | $173.8 Bil | |||
| Southern Co
SO
| Fchmjyjdz | Qxzpj | $98.6 Bil | |||
| Duke Energy Corp
DUK
| Nvkynrp | Cjxnv | $89.6 Bil | |||
| National Grid PLC ADR
NGG
| Yghpfmhb | Zzhw | $67.8 Bil | |||
| American Electric Power Co Inc
AEP
| Hfqmnjd | Zdsfyh | $54.2 Bil | |||
| PG&E Corp
PCG
| Zhpbmnlq | Hwhy | $51.8 Bil | |||
| Dominion Energy Inc
D
| Frvqwjrwf | Nyxdv | $48.0 Bil | |||
| Public Service Enterprise Group Inc
PEG
| Kmphkqgx | Lskmg | $44.0 Bil | |||
| Exelon Corp
EXC
| Mxqnwyd | Xchcnkt | $40.4 Bil | |||
| Consolidated Edison Inc
ED
| Qldwmrspw | Nskc | $36.0 Bil |
:quality(80)/author-service-images-prod-us-east-1.publishing.aws.arc.pub/morningstar/ea0fcfae-4dcd-4aff-b606-7b0799c93519.jpg)
United States