Intrinsic value of OGE Energy - OGE

Previous Close

$39.16

  Intrinsic Value

$4.82

stock screener

  Rating & Target

str. sell

-88%

Previous close

$39.16

 
Intrinsic value

$4.82

 
Up/down potential

-88%

 
Rating

str. sell

We calculate the intrinsic value of OGE stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 7.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  2,306
  2,359
  2,420
  2,488
  2,564
  2,646
  2,736
  2,834
  2,939
  3,052
  3,173
  3,301
  3,438
  3,584
  3,739
  3,903
  4,076
  4,259
  4,453
  4,658
  4,874
  5,101
  5,341
  5,594
  5,861
  6,141
  6,436
  6,747
  7,073
  7,417
Variable operating expenses, $m
  1,792
  1,833
  1,880
  1,933
  1,992
  2,056
  2,126
  2,202
  2,284
  2,371
  2,465
  2,565
  2,672
  2,785
  2,905
  3,032
  3,167
  3,310
  3,460
  3,619
  3,787
  3,964
  4,150
  4,347
  4,554
  4,771
  5,001
  5,242
  5,496
  5,763
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,792
  1,833
  1,880
  1,933
  1,992
  2,056
  2,126
  2,202
  2,284
  2,371
  2,465
  2,565
  2,672
  2,785
  2,905
  3,032
  3,167
  3,310
  3,460
  3,619
  3,787
  3,964
  4,150
  4,347
  4,554
  4,771
  5,001
  5,242
  5,496
  5,763
Operating income, $m
  514
  526
  540
  555
  572
  590
  610
  632
  655
  681
  707
  736
  767
  799
  834
  870
  909
  950
  993
  1,039
  1,087
  1,138
  1,191
  1,248
  1,307
  1,369
  1,435
  1,504
  1,577
  1,654
EBITDA, $m
  803
  822
  843
  867
  893
  922
  953
  987
  1,024
  1,063
  1,105
  1,150
  1,198
  1,248
  1,302
  1,359
  1,420
  1,484
  1,551
  1,622
  1,697
  1,777
  1,860
  1,948
  2,041
  2,139
  2,242
  2,350
  2,464
  2,583
Interest expense (income), $m
  142
  171
  178
  187
  196
  207
  219
  232
  246
  261
  278
  295
  314
  334
  356
  379
  403
  429
  456
  484
  515
  547
  581
  616
  654
  694
  736
  779
  826
  874
  926
Earnings before tax, $m
  343
  348
  353
  359
  365
  371
  379
  386
  394
  403
  412
  422
  432
  443
  455
  467
  480
  494
  509
  524
  540
  557
  575
  593
  613
  634
  656
  679
  703
  728
Tax expense, $m
  93
  94
  95
  97
  99
  100
  102
  104
  106
  109
  111
  114
  117
  120
  123
  126
  130
  133
  137
  141
  146
  150
  155
  160
  166
  171
  177
  183
  190
  197
Net income, $m
  251
  254
  258
  262
  266
  271
  276
  282
  288
  294
  301
  308
  316
  324
  332
  341
  351
  361
  371
  382
  394
  406
  419
  433
  448
  463
  479
  495
  513
  532

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  10,628
  10,873
  11,152
  11,466
  11,813
  12,195
  12,610
  13,060
  13,544
  14,064
  14,620
  15,213
  15,845
  16,516
  17,229
  17,984
  18,783
  19,628
  20,521
  21,464
  22,459
  23,508
  24,614
  25,780
  27,007
  28,299
  29,659
  31,090
  32,596
  34,180
Adjusted assets (=assets-cash), $m
  10,628
  10,873
  11,152
  11,466
  11,813
  12,195
  12,610
  13,060
  13,544
  14,064
  14,620
  15,213
  15,845
  16,516
  17,229
  17,984
  18,783
  19,628
  20,521
  21,464
  22,459
  23,508
  24,614
  25,780
  27,007
  28,299
  29,659
  31,090
  32,596
  34,180
Revenue / Adjusted assets
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
  0.217
Average production assets, $m
  8,178
  8,366
  8,581
  8,823
  9,090
  9,384
  9,703
  10,049
  10,422
  10,822
  11,250
  11,706
  12,192
  12,709
  13,257
  13,838
  14,453
  15,104
  15,791
  16,516
  17,282
  18,089
  18,940
  19,837
  20,781
  21,776
  22,822
  23,924
  25,082
  26,301
Working capital, $m
  -51
  -52
  -53
  -55
  -56
  -58
  -60
  -62
  -65
  -67
  -70
  -73
  -76
  -79
  -82
  -86
  -90
  -94
  -98
  -102
  -107
  -112
  -118
  -123
  -129
  -135
  -142
  -148
  -156
  -163
Total debt, $m
  3,302
  3,456
  3,632
  3,830
  4,049
  4,289
  4,551
  4,834
  5,139
  5,466
  5,817
  6,191
  6,589
  7,012
  7,460
  7,936
  8,440
  8,972
  9,535
  10,129
  10,755
  11,417
  12,113
  12,847
  13,621
  14,435
  15,292
  16,193
  17,142
  18,140
Total liabilities, $m
  6,696
  6,850
  7,026
  7,223
  7,442
  7,683
  7,944
  8,228
  8,533
  8,860
  9,211
  9,584
  9,982
  10,405
  10,854
  11,330
  11,833
  12,366
  12,928
  13,522
  14,149
  14,810
  15,507
  16,241
  17,014
  17,828
  18,685
  19,587
  20,536
  21,533
Total equity, $m
  3,932
  4,023
  4,126
  4,242
  4,371
  4,512
  4,666
  4,832
  5,011
  5,204
  5,409
  5,629
  5,863
  6,111
  6,375
  6,654
  6,950
  7,262
  7,593
  7,942
  8,310
  8,698
  9,107
  9,538
  9,993
  10,471
  10,974
  11,503
  12,061
  12,647
Total liabilities and equity, $m
  10,628
  10,873
  11,152
  11,465
  11,813
  12,195
  12,610
  13,060
  13,544
  14,064
  14,620
  15,213
  15,845
  16,516
  17,229
  17,984
  18,783
  19,628
  20,521
  21,464
  22,459
  23,508
  24,614
  25,779
  27,007
  28,299
  29,659
  31,090
  32,597
  34,180
Debt-to-equity ratio
  0.840
  0.860
  0.880
  0.900
  0.930
  0.950
  0.980
  1.000
  1.030
  1.050
  1.080
  1.100
  1.120
  1.150
  1.170
  1.190
  1.210
  1.240
  1.260
  1.280
  1.290
  1.310
  1.330
  1.350
  1.360
  1.380
  1.390
  1.410
  1.420
  1.430
Adjusted equity ratio
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  251
  254
  258
  262
  266
  271
  276
  282
  288
  294
  301
  308
  316
  324
  332
  341
  351
  361
  371
  382
  394
  406
  419
  433
  448
  463
  479
  495
  513
  532
Depreciation, amort., depletion, $m
  289
  296
  303
  312
  321
  332
  343
  355
  368
  382
  398
  414
  431
  449
  468
  489
  511
  534
  558
  584
  611
  639
  669
  701
  734
  769
  806
  845
  886
  929
Funds from operations, $m
  540
  550
  561
  574
  588
  603
  619
  637
  656
  677
  698
  722
  747
  773
  801
  830
  861
  894
  929
  966
  1,005
  1,046
  1,089
  1,134
  1,182
  1,232
  1,285
  1,341
  1,399
  1,461
Change in working capital, $m
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -8
Cash from operations, $m
  541
  551
  562
  575
  589
  605
  621
  639
  658
  679
  701
  725
  750
  776
  804
  834
  865
  898
  933
  970
  1,010
  1,051
  1,094
  1,140
  1,188
  1,238
  1,292
  1,348
  1,407
  1,469
Maintenance CAPEX, $m
  -283
  -289
  -296
  -303
  -312
  -321
  -332
  -343
  -355
  -368
  -382
  -398
  -414
  -431
  -449
  -468
  -489
  -511
  -534
  -558
  -584
  -611
  -639
  -669
  -701
  -734
  -769
  -806
  -845
  -886
New CAPEX, $m
  -160
  -188
  -215
  -241
  -267
  -293
  -320
  -346
  -373
  -400
  -428
  -457
  -486
  -517
  -548
  -581
  -615
  -650
  -687
  -726
  -766
  -807
  -851
  -897
  -944
  -994
  -1,047
  -1,101
  -1,159
  -1,219
Cash from investing activities, $m
  -443
  -477
  -511
  -544
  -579
  -614
  -652
  -689
  -728
  -768
  -810
  -855
  -900
  -948
  -997
  -1,049
  -1,104
  -1,161
  -1,221
  -1,284
  -1,350
  -1,418
  -1,490
  -1,566
  -1,645
  -1,728
  -1,816
  -1,907
  -2,004
  -2,105
Free cash flow, $m
  97
  74
  52
  30
  10
  -10
  -30
  -50
  -69
  -89
  -109
  -129
  -150
  -171
  -193
  -216
  -239
  -263
  -287
  -313
  -340
  -367
  -396
  -426
  -458
  -490
  -524
  -560
  -597
  -636
Issuance/(repayment) of debt, $m
  134
  154
  176
  198
  219
  240
  262
  283
  305
  327
  350
  374
  398
  423
  449
  476
  504
  532
  563
  594
  627
  661
  697
  734
  773
  814
  857
  902
  949
  998
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  7
  15
  25
  34
  44
  54
Cash from financing (excl. dividends), $m  
  134
  154
  176
  198
  219
  240
  262
  283
  305
  327
  350
  374
  398
  423
  449
  476
  504
  532
  563
  594
  627
  661
  697
  734
  780
  829
  882
  936
  993
  1,052
Total cash flow (excl. dividends), $m
  231
  228
  228
  228
  229
  230
  232
  234
  236
  238
  241
  244
  248
  252
  256
  260
  265
  270
  275
  281
  287
  294
  301
  308
  322
  339
  357
  376
  395
  416
Retained Cash Flow (-), $m
  -81
  -90
  -103
  -116
  -129
  -141
  -154
  -166
  -179
  -192
  -206
  -220
  -234
  -248
  -264
  -279
  -296
  -313
  -330
  -349
  -368
  -388
  -409
  -431
  -454
  -478
  -503
  -530
  -557
  -586
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  150
  137
  124
  112
  100
  89
  78
  67
  57
  46
  35
  25
  14
  3
  -8
  -19
  -31
  -43
  -55
  -68
  -81
  -95
  -109
  -123
  -132
  -139
  -146
  -154
  -162
  -170
Discount rate, %
  6.90
  7.25
  7.61
  7.99
  8.39
  8.81
  9.25
  9.71
  10.19
  10.70
  11.24
  11.80
  12.39
  13.01
  13.66
  14.34
  15.06
  15.81
  16.61
  17.44
  18.31
  19.22
  20.18
  21.19
  22.25
  23.37
  24.53
  25.76
  27.05
  28.40
PV of cash for distribution, $m
  140
  119
  100
  82
  67
  54
  42
  32
  24
  17
  11
  6
  3
  1
  -1
  -2
  -3
  -3
  -3
  -3
  -2
  -2
  -2
  -1
  -1
  -1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  99.9
  99.8
  99.6
  99.4
  99.2

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. Its operations are conducted through Oklahoma Gas and Electric Company (OG&E). OG&E is an electric utility in Oklahoma and its franchised service territory includes Fort Smith, Arkansas and the surrounding communities. The natural gas midstream operations segment represents the Company's investment in Enable Midstream Partners, LP (Enable) through subsidiaries, and ultimately OGE Enogex Holdings LLC (OGE Holdings). Enable's assets and operations are organized into two segments: gathering and processing, and transportation and storage.

FINANCIAL RATIOS  of  OGE Energy (OGE)

Valuation Ratios
P/E Ratio 23.1
Price to Sales 3.5
Price to Book 2.3
Price to Tangible Book
Price to Cash Flow 12.1
Price to Free Cash Flow -521.4
Growth Rates
Sales Growth Rate 2.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 20.4%
Cap. Spend. - 3 Yr. Gr. Rate -7.8%
Financial Strength
Quick Ratio 0
Current Ratio 0.2
LT Debt to Equity 69.9%
Total Debt to Equity 83.2%
Interest Coverage 4
Management Effectiveness
Return On Assets 4.5%
Ret/ On Assets - 3 Yr. Avg. 4.6%
Return On Total Capital 5.5%
Ret/ On T. Cap. - 3 Yr. Avg. 5.5%
Return On Equity 10%
Return On Equity - 3 Yr. Avg. 10.3%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 42.1%
EBITDA Margin - 3 Yr. Avg. 40.1%
Operating Margin 22.3%
Oper. Margin - 3 Yr. Avg. 22%
Pre-Tax Margin 21.5%
Pre-Tax Margin - 3 Yr. Avg. 20.5%
Net Profit Margin 15%
Net Profit Margin - 3 Yr. Avg. 14.5%
Effective Tax Rate 30.5%
Eff/ Tax Rate - 3 Yr. Avg. 29.1%
Payout Ratio 66.6%

OGE stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the OGE stock intrinsic value calculation we used $2261.1 million for the last fiscal year's total revenue generated by OGE Energy. The default revenue input number comes from 0001 income statement of OGE Energy. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our OGE stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.9%, whose default value for OGE is calculated based on our internal credit rating of OGE Energy, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of OGE Energy.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of OGE stock the variable cost ratio is equal to 77.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for OGE stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for OGE Energy.

Corporate tax rate of 27% is the nominal tax rate for OGE Energy. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the OGE stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for OGE are equal to 354.6%.

Life of production assets of 28.3 years is the average useful life of capital assets used in OGE Energy operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for OGE is equal to -2.2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $3851.1 million for OGE Energy - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 199.731 million for OGE Energy is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of OGE Energy at the current share price and the inputted number of shares is $7.8 billion.

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COMPANY NEWS

▶ OGE Energy: 3Q Earnings Snapshot   [07:53AM  Associated Press]
▶ OGE Energy Corp. Third Quarter 2018 Earnings Webcast   [Oct-08-18 07:00AM  PR Newswire]
▶ Why OGE Energy (OGE) is a Top Dividend Stock   [Sep-11-18 09:15AM  Zacks]
▶ Why OGE Energy (OGE) is a Great Dividend Stock   [Aug-21-18 09:30AM  Zacks]
▶ Does OGE Energy Corps (NYSE:OGE) Debt Level Pose A Problem?   [Aug-09-18 10:15AM  Simply Wall St.]
▶ OGE Energy: 2Q Earnings Snapshot   [06:29AM  Associated Press]
▶ 7 Yield-Heavy Utility Stocks to Buy Today   [Jul-30-18 03:18PM  InvestorPlace]
▶ OGE Energy Corp. 2nd Quarter 2018 Earnings Webcast   [Jul-12-18 04:16PM  PR Newswire]
▶ Top Dividend Stocks For The Week   [May-12-18 09:02AM  Simply Wall St.]
▶ OGE Energy Corp. reports first quarter results   [May-03-18 07:00AM  PR Newswire]
▶ OGE Energy: 1Q Earnings Snapshot   [06:20AM  Associated Press]
▶ Despite denials, lobbyist tied to condo met with EPA chief   [Apr-22-18 04:28AM  Associated Press]
▶ Lobbyist tied to condo met with EPA chief, despite denials   [Apr-21-18 09:45PM  Associated Press]
▶ OGE recognized as a 2020 Women on Boards Winning Company   [Apr-11-18 10:42AM  PR Newswire]
▶ Top Dividend Paying Stocks   [09:02AM  Simply Wall St.]
▶ OGE Energy Corp. 1st Quarter 2018 Earnings Webcast   [Apr-09-18 05:30PM  PR Newswire]
▶ OG&E completes Mustang Energy Center   [Apr-04-18 11:00AM  PR Newswire]
▶ EPA says Pruitt's condo lease didn't violate ethics rules   [Apr-02-18 03:33PM  Associated Press]
▶ 6 Highly Charged Utility Stock Picks for Income and Growth   [Mar-08-18 12:06PM  TheStreet.com]
▶ OGE Energy beats 4Q profit forecasts   [07:43AM  Associated Press]
▶ OGE Energy Corp. Board of Directors declares dividend   [Feb-21-18 03:06PM  PR Newswire]
▶ Ray Dalio's Bridgewater Bets on Utilities in 4th Quarter   [Feb-14-18 12:56PM  GuruFocus.com]
▶ Goldman Sachs' 3 Top Utilities Stocks In 2018   [Jan-11-18 12:02PM  Benzinga]
▶ OGE Energy Corp. Board of Directors declares dividend   [Nov-29-17 12:48PM  PR Newswire]
▶ NYSE Favorite Dividend Stocks   [Nov-18-17 08:02AM  Simply Wall St.]
▶ OGE Energy misses 3Q profit forecasts   [Nov-02-17 08:06AM  Associated Press]
▶ OGE Energy Corp. holds 3rd quarter 2017 earnings webcast   [Oct-16-17 06:11PM  PR Newswire]

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