AllAnalyst Report
logoArgusJanuary 27, 2021

OGE Energy Corp.: Above average yield; looking for favorable entry point

Symbols
OGE
Sector(s)
Utilities
Rating
Current Price
$33.82
Price Target
Earnings Estimate
Summary

OGE Energy is the parent company of Oklahoma Gas & Electric Co., which serves approximately 840,000 customers in Oklahoma and western Arkansas. OGE is also the holder of a 26.3% limited partner interest and a 50% general partner interest in Enable Midstream Partners LP, a natural gas pipeline and processing business with operations in O

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Analyst Profile

Gary F. Hovis

Vice President & Director of Utility Research Utilities (Electric)
Gary has directed Argus' Public Utility investment research since 1986. His prior professional experience includes 17 years with a number of Wall Street firms, working in corporate finance and conducting securities research in the gas transmission, electric & gas utility and oil & gas production industries. In 2002, the Wall Street Journal Annual Analysts Survey cited Gary as a 'Best on the Street' Utilities analyst. He also won the award in 2009 and 2012. Gary holds a Bachelor's degree in Mathematics from Westminster College in Fulton, Mo.; an MBA in Finance & Accounting from Washington University (St. Louis); and a Master's degree in History from Oklahoma State University. Prior to his graduate studies, Gary served as an officer in the U.S. Army's Third Armored Division in Germany. He is a member of the New York Society of Security Analysts and the Wall Street Utility Group.