AllAnalyst Report
logoMorningstarMay 10, 2021

OGE Energy Corp.: Improved Outlook for OGE's Midstream Investment

Symbols
OGE
Sector(s)
Utilities
Rating
Current Price
$34.87
Fair Value
Economic Moat
Stewardship
Summary

OGE Energy is a holding company for Oklahoma Gas & Electric, a regulated utility offering electricity generation, transmission, and distribution to more than 800,000 customers in Oklahoma and western Arkansas. OGE Energy also owns a 25.5% limited partner interest and a 50% general partner interest in Enable Midstream Partners, a midstream services business that provides gathering, processing, transporting, and storing of natural gas. In February 2021, Enable announced it would merge with Energy Transfer.

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Analyst Profile

Charles Fishman

Equity Analyst
Charles Fishman, CFA, is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers utilities.Before joining Morningstar in 2012, Fishman spent 12 years as an analyst covering utilities and alternative energy stocks for A.G. Edwards, Piper Jaffray, and Pritchard Capital. Before becoming an analyst, Fishman was the president of the subsidiaries of two NYSE-listed companies that were early entrants to the independent power industry. Both companies underwent initial public offerings during his 13 years as a senior manager.Fishman holds a bachelor’s degree in engineering from Purdue University, a master's degree in engineering from the University of California at Berkeley, and a master's degree in business administration from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst® designation.