|Bid||29.25 x 800|
|Ask||29.44 x 900|
|Day's Range||29.18 - 29.90|
|52 Week Range||23.01 - 40.32|
|Beta (5Y Monthly)||0.68|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 05, 2021 - May 10, 2021|
|Forward Dividend & Yield||1.61 (5.50%)|
|Ex-Dividend Date||Jan 08, 2021|
|1y Target Est||35.11|
Thank you, operator, and good morning, everyone, and welcome to OGE Energy Corp.'s Fourth Quarter 2020 Earnings Call. In addition, the conference call and accompanying slides will be archived following the call on that same website.
Moody's concurrently affirmed Enable's Baa3 senior unsecured rating.On February 17, Energy Transfer and Enable announced an agreement whereby Energy Transfer would acquire all of Enable's outstanding units from its co-general partners CenterPoint Energy, Inc. (CNP, Baa2 stable) and OGE Energy Corp. (OGE, Baa1 stable) as well as all publicly held units in exchange for Energy Transfer units having an approximate value of $2.6 billion. Energy Transfer will also acquire CNP's and OGE's general partnership interests and Incentive Distribution Rights (IDRs) for $10 million of cash.
OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), and holder of 25.5 percent limited partner interest and 50 percent general partner interest in Enable Midstream Partners LP (NYSE: ENBL), today announced its support of the merger agreement between Energy Transfer LP (NYSE: ET) and Enable Midstream Partners LP.