OG&E (OGE)
Generates, transmits, distributes, and sells regulated electricity across Oklahoma and western Arkansas.
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The OG&E operating subsidiary generates, transmits, distributes, and sells electricity in Oklahoma and western Arkansas. The holding company has focused on its electric utility after leaving its former midstream investment.
The wholly owned OG&E operating subsidiary generates, transmits, distributes, and sells electricity. Its franchised service territory spans Oklahoma and western Arkansas, including Fort Smith and nearby Arkansas communities.
Electric operations are reported through the electric-company business segment, while the holding-company line is reported as Other Operations. Rates are regulated by the Oklahoma Corporation Commission, Arkansas Public Service Commission, and Federal Energy Regulatory Commission.
After selling its Energy Transfer equity, the group became a utility-focused holding company. All employees are directly employed by OG&E following the midstream exit. Reliability, regional demand, generation, and transmission development operate within that regulated service framework.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $49 | Target: $46 |
| Sep 2, 2026 | RBC Capital | Upgrade | Target: $51 | Target: $54 |
| Aug 21, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $51 | Target: $49 |
| Jul 22, 2026 | Morgan Stanley | Target | Target: $50 | Target: $51 |
| Jul 22, 2026 | BMO Capital | Reiterate | Rating: —Target: $45 | Target: $49 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $900.0K · Total debt $5.84B · Total assets $14.63B · Shareholders' equity $4.98B
- Revenue
- $711.9M
- Operating income
- $191.7M
- Net income
- $120.1M
HistoryDividendAnnual yield
| Institutions | 135.56% | 334.77M shares | |
|---|---|---|---|
| 648 holders · as of Jun 30, 2026 | |||
| Insiders | 0.46% | 1.13M shares | |
| 17 holders · as of Aug 31, 2026 | |||
| Adds to | 136.02% | ||
246.96M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (246.96M in the company's Sep 22, 2026 report, 206.58M elsewhere); stakes use the report.
These groups come from separate filings that can overlap, so they add to 136.02%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 21.26% | 26.25M · 26.25M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 8.63% | 10.66M · 10.66M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 7.54% | 9.31M · 9.31M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.85% | 7.23M · 7.23M | as of Jun 30, 2026 |
Clearbridge Investments, LLCInstitution | 5.34% | 6.59M · 6.59M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Donnie O. Jones | officer: SVP- Utility Operations (OG&E) | −6,508 | $46.11 |
| May 21, 2026 | William H. Sultemeier | officer: GC, Corp. Sec, CCO | −7,345 | $47.97 |
| Feb 24, 2026 | Sarah R. Stafford | officer: Controller and CAO | −6,130 | $47.77 |
| Feb 23, 2026 | Lyle G. Ganske | director | +10,420 | $47.99 |
- American Electric Power
Oklahoma utility rival through PSO and the SPP wholesale market
- NextEra Energy
Competitive wholesale renewable and power-marketing participant in SPP
- Evergy
SPP utility peer in generation, transmission and wholesale power
- Entergy
Arkansas utility peer in SPP transmission and regional power markets
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| OG&E | $45.29 | +0.52% | $9.31B | 19.8 | 18.0 | 2.9 | −4.0% |
| American Electric Power | $120.24 | +0.17% | $65.34B | 20.8 | 18.1 | 2.9 | +7.0% |
| NextEra Energy | $79.47 | −0.20% | $166.11B | 17.9 | 19.6 | 5.7 | +12.5% |
| Evergy | $79.58 | +0.40% | $18.27B | 20.1 | 17.8 | 3.0 | +4.4% |
| Entergy | $101.25 | −0.32% | $47.40B | 26.0 | 21.6 | 3.5 | +5.9% |
| Median | 20.4 | 18.9 | 3.3 | +6.4% |