OGE Energy OGE
United StatesUtilities · Utilities - Regulated ElectricUSD
49.58 USD (+8.0%)
12 analysts
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OGE Energy Corp is a public utility company operating primarily in Oklahoma, engaged in the generation, transmission, and distribution of electricity to residential, commercial, and industrial customers under a regulated business model.
Key points
from its scores- ✓Favourable backdrop7.9
- ✓Attractive dividend7.0
- ✕Weak growth4.0
- ✕Little competitive advantage4.1
- !Somewhat demanding valuation5.2
AI analysis
bottom line, main risk, context and newsRegulatory stability and an attractive dividend offset the leverage and weak cash conversion, but the rising rate environment limits upside potential.
OGE Energy is a regulated utility with a leveraged balance sheet (Net Debt/EBITDA of 4.55) and weak free cash flow conversion (9.86%), making it sensitive to rising interest rates. Its valuation is reasonable for the sector (P/E 20.22) and it offers a sustainable dividend (payout 74.89%), but revenue growth is negative (-4.00%).
The main risk is the high leverage (Net Debt/EBITDA of 4.55) in a rising interest rate environment, which makes debt refinancing more expensive and pressures financial results and free cash flow generation.
Context and risks
OGE Energy is a regulated electric utility in Oklahoma, a business with entry barriers and regulated tariffs that provide stability. The main risk is regulatory: the evolution of tariffs and the recovery of grid investments depend on the decisions of the state's public utility commission, which can pressure margins and return on invested capital.
Is OGE Energy stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Utilities median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 20.2 | 19.1 | +6% |
| EV / EBITDA | 11.9 | 12.2 | −2% |
| Price / book | 1.9 | 1.9 | −2% |
| Price / sales | 2.9 | 2.6 | +13% |
Sector: median of the 92 Utilities companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.2 out of 10 (median for Utilities: 4.8).
Average analyst target: 49.58 USD, +8.0% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Utilities medianValuation
- P/E
- 20.2
- Forward P/E
- 17.6
- EV / EBITDA
- 11.9
- Price / book
- 1.9
- Price / sales
- 2.9
- PEG
- 3.06
- Market cap
- 9.5B USD
- Enterprise value
- 15.3B USD
Profitability
- ROE
- 9.7%
- ROA
- 3.4%
- ROIC (approx.)
- 7.9%
- Gross margin
- 44.8%
- Operating margin
- 26.5%
- Net margin
- 14.4%
- Free cash flow
- 126.8M USD
- FCF yield
- 1.3%
- Cash conversion
- 10%
Solvency
- Total debt
- 5.8B USD
- Net debt
- 5.8B USD
- Cash
- 900,000 USD
- EBITDA
- 1.3B USD
- Net debt / EBITDA
- 4.55
- Debt / equity
- 117.31
- Current ratio
- 0.77
- Quick ratio
- 0.41
Growth
- Revenue growth
- −4.0%
- Earnings growth
- +5.7%
- EPS (TTM)
- 2.27 USD
- EPS (forward)
- 2.61 USD
Dividend
- Dividend yield
- 3.7%
- Payout
- 74.9%
Risk and market
- Beta
- 0.49
- Analyst consensus
- Buy (12)
- Target price
- 49.58 USD
- 52-week range
- 41.70 – 50.59
Recent news
All OGE news →Compare it with its sector
All 92 in Utilities →Frequently asked questions about OGE Energy
Is OGE Energy stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Utilities median (within 15%). Valuation score: 5.2 out of 10 (median for Utilities: 4.8). Average analyst target: 49.58 USD, +8.0% versus the price. This is not investment advice.
What score does OGE Energy get on MeridIAn Screener?
It scores 6.1 out of 10, rank 922 of 2,130 (better than 55% of the companies analysed). Its strongest category is Risk & Context (7.9) and its weakest, Growth (4.0). Analysis of 08/10/2026.
What is OGE Energy's P/E ratio?
Its P/E is 20.2: the share price equals 20.2 times earnings per share over the last 12 months. The Utilities median is 19.1. Based on the earnings analysts expect, the forward P/E is 17.6.
How much is OGE Energy worth on the stock market?
Its market capitalisation is 9.5B USD and its enterprise value, debt included, is 15.3B USD.
How much debt does OGE Energy have?
Its net debt (debt minus cash) is 5.8B USD. That is 4.55 times its EBITDA; the Utilities median is 5.33.
Does OGE Energy pay a dividend?
Yes: its dividend yield is 3.75% and it pays out 75% of its earnings.
How has OGE Energy stock performed over the last year?
It has risen 4.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 41.70 and 50.59 USD. Past performance does not guarantee future results.
What do analysts think of OGE Energy?
12 analysts cover it; their average recommendation is “Buy” and their average target is 49.58 USD (+8.0% versus the price). It is an estimate, not market data.