OGE Stock Summary and Trading Ideas (Oge Energy | NYSE:OGE)

OGE Energy is a holding company for Oklahoma Gas & Electric, a regulated utility with electricity generation, transmission, and distribution to 900,000 customers in Oklahoma and western Arkansas. In December 2021, OGE divested its 25.5% stake in Enable Midstream Partners, an oil and gas services company it created in 2013 through a unit exchange merger with Energy Transfer. OGE sold its 95.4 million limited partner units of Energy Transfer throughout 2022. OGE sold is retail gas business in 1928 and no longer has any gas operations.

Oge Energy trades on the NYSE stock market under the symbol OGE.

As of April 26, 2024, OGE stock price declined to $33.82 with 1,116,453 million shares trading.

OGE has a beta of 0.21, meaning it tends to be less sensitive to market movements. OGE has a correlation of 0.02 to the broad based SPY ETF.

OGE has a market cap of $6.77 billion. This is considered a Mid Cap stock.

Last quarter Oge Energy reported $567 million in Revenue and $.24 earnings per share. This fell short of revenue expectation by $-676 million and exceeded earnings estimates by $.04.

In the last 3 years, OGE stock traded as high as $42.91 and as low as $31.25.

The top ETF exchange traded funds that OGE belongs to (by Net Assets): VTI, IJH, VB, DVY, VBR.

OGE has underperformed the market in the last year with a return of -4.3%, while the SPY ETF gained +27.4%. In the last 3 month period, OGE fell short of the market, returning +4.1%, while SPY returned +4.6%. However, in the most recent 2 weeks OGE has outperformed the stock market by returning +2.7%, while SPY returned -0.5%.

OGE support price is $34.04 and resistance is $34.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OGE stock will trade within this expected range on the day.