We are reaffirming our $38 per share fair value estimate for OGE Energy after the company announced a comprehensive settlement in its 2024 electric rate review in Oklahoma.
OGE is making progress improving Oklahoma regulation so that it can execute its growth investment plan without creating a drag on its earned return on equity.
Oklahoma's three-person, publicly elected utilities commission structure creates more regulatory risk than other utilities face.
|
Metric
|
OGE
|
ETR
|
CNP
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.89 | 15.71 | 19.80 |
Price/Book Value | 1.58 | 1.57 | 1.94 |
Price/Sales | 2.60 | 1.89 | 2.28 |
Price/Cash Flow | 8.05 | 5.84 | 7.37 |
|
Metric
|
OGE
|
ETR
|
CNP
|
|---|---|---|---|
Quick Ratio | 0.19 | 0.37 | 0.55 |
Current Ratio | 0.51 | 0.69 | 1.25 |
Interest Coverage | 2.85 | 2.24 | 2.47 |
|
Metric
|
OGE
|
ETR
|
CNP
|
|---|---|---|---|
Return on Assets (Normalized) | 3.07% | 3.63% | 2.43% |
Return on Equity (Normalized) | 8.80% | 15.81% | 9.79% |
Return on Invested Capital (Normalized) | 6.49% | 6.74% | 5.69% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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NEE
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DUK
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NGG
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PCG
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| American Electric Power Co Inc
AEP
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| Dominion Energy Inc
D
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PEG
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| Exelon Corp
EXC
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| Consolidated Edison Inc
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| Ncfrpvg | Wzyz | $31.3 Bil |
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