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Price: $34.7900
$-0.28 
-0.798%
|
| Day's High:
| $35.315
| Week Perf:
| -0.32 %
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| Day's Low: |
$ 34.70 |
30 Day Perf: |
2.29 % |
| Volume (M): |
1,172 |
52 Wk High: |
$ 41.00 |
| Volume (M$): |
$ 40,763 |
52 Wk Avg: |
$36.34 |
| Open: |
$35.13 |
52 Wk Low: |
$31.25 |
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| Market Capitalization (Millions $) |
6,993 |
| Shares
Outstanding (Millions) |
201 |
| Employees |
6,000 |
| Revenues (TTM) (Millions $) |
2,820 |
| Net Income (TTM) (Millions $) |
419 |
| Cash Flow (TTM) (Millions $) |
-85 |
| Capital Exp. (TTM) (Millions $) |
880 |
Oge Energy Corp
OGE Energy Corp. is an American public utility holding company based in Oklahoma City, Oklahoma. The company primarily operates in the electric utility industry and natural gas transportation and storage industry. OGE Energy provides electricity services to more than 859,000 customers in Oklahoma and western Arkansas. The company also operates in the oil and gas exploration and production business through its subsidiary, Enogex LLC, which provides natural gas transportation and storage services.
OGE Energy was founded in 1995 after the merger of two previously independent energy companies: Oklahoma Gas and Electric Company (OG&E) and Enogex. The combined company became one of the largest energy providers in the southwestern United States. In 2014, OGE Energy spun off Enogex into a separate entity, creating Enable Midstream Partners.
The company's electric utility business is primarily operated by OG&E, which was founded in 1902 in downtown Oklahoma City. The company provides power to residential, commercial, and industrial customers through a network of generating stations, high-voltage transmission lines, and distribution lines. OG&E operates several power plants, including natural gas-fired plants, coal-fired plants, and wind farms. The wind farms contribute significantly to the company's power generation, with over 30% of the company's total generating capacity being sourced from wind energy.
OGE Energy has made efforts to integrate renewable energy sources into its operations, including expanding its wind power capacity and investing in solar energy development. The company has also implemented energy efficiency programs to help customers reduce their energy usage and costs. OGE Energy has been recognized for its strong sustainability practices, earning a spot on the Dow Jones Sustainability Index for North America for several consecutive years.
In addition to its electric utility operations, OGE Energy also operates in the natural gas transportation and storage industry. Through Enogex, the company owns and operates over 8,800 miles of natural gas transmission pipelines and 11 storage facilities in Oklahoma and Texas. Enogex provides natural gas transportation and storage services to customers in a variety of industries, including power generation, industrial, and commercial.
Overall, OGE Energy Corp. is a leading energy company in the southwestern United States, with a diverse portfolio of businesses in the electric utility and natural gas transportation and storage industries. The company has a strong commitment to sustainability and is well-positioned to meet the energy needs of its customers in the years to come.
Company Address: 321 North Harvey Oklahoma City 73101 OK
Company Phone Number: 553-3000 Stock Exchange / Ticker: NYSE OGE
| OGE is expected to report next financial results on February 21, 2024. |
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| Stock Performances by Major Competitors |
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Oceantech Acquisitions I Corp
The July to September 30, 2023 reporting cycle has revealed the financial performance of various businesses, including those in the Electric Utilities sector. In this article, we will focus on the financial results of OTEC and Oceantech Acquisitions I Corp, two key players in the industry. Additionally, we will contextualize the current performance of Oceantech Acquisitions I Corp in light of recent market trends and its position relative to its 52-week high.
OTEC Operating Deficit in Fiscal Q3 2023:
OTECH recently disclosed an operating deficit of $-0.616315 million for the fiscal three months closing on September 30, 2023. Shareholders anticipate a new business model to be introduced as soon as possible to address this deficit. While the company has faced challenges, it remains focused on finding sustainable solutions to restore profitability.
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Altc Acquisition Corp
As the July to September 2023 reporting season unfolds, Altc Acquisition Corp, a company in the Electric Utilities industry, has announced its latest financial results. Despite facing certain challenges, the corporation has witnessed positive growth and financial improvements in key areas. In this article, we will analyze the impact of these financial results on the future prospects of Altc Acquisition Corp.
1. Operating Loss:
During the fiscal period closing on September 30, 2023, Altc Acquisition Corp recorded an operating loss of $-2.041 million. While this indicates a negative figure, it is essential to consider it in the context of the previous year's third quarter. Comparatively, the operating loss of $-0.402616 million in the same period in 2022 suggests a significant improvement in the company's performance.
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Ocean Thermal Energy Corporation
In the Electric Utilities sector, the focus has been on the leaders, but some smaller businesses have recently reported their earnings. CPWR, a company in this sector, announced an operating loss of $-0.401548 million for the third quarter of 2023. This operating loss represents a decline compared to the $-0.39019 million loss the company experienced in the third quarter of 2022.
Investors, however, are particularly interested in whether CPWR can show improvement in its top-line growth. Unfortunately, the company's fiscal third quarter of 2023 revealed an absence of top-line growth. Additionally, the net deficit for this quarter was reported at $-335.735 million, a significant increase from the $-2.441 million deficit seen in the same quarter of the previous year.
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Heliogen Inc
Heliogen Inc, a leading solar power technology company, recently released its financial results for the fiscal period spanning July to September 2023. These figures highlight positive changes in Heliogen's performance, indicating a potential turnaround for the company. Let's dive into the key findings and analyze their implications for investors.
Earnings per Share (EPS) and Loss Reduction
Heliogen Inc witnessed a remarkable improvement in its earnings per share (EPS) during the July to September 2023 fiscal interval. With a loss of $3.13 per share, Heliogen's results showed a substantial recovery when compared to the prior year's loss of $4.90 per share. This upward trend reflects the company's efforts to optimize its operations, control expenses, and streamline its business model.
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Tennessee Valley Authority
Tennessee Valley Authority (TVA) recently released its financial results for the fiscal fourth quarter of 2023, showcasing balanced books and a decline in revenue and net income compared to the previous year. This article will provide an overview and analysis of the financial figures and their implications for TVA's profitability and market performance.
Financial Results Overview:
For the fiscal fourth quarter of 2023, TVA achieved balanced books with earnings per share at $0.00, the same as the previous year. However, this marks an improvement from the previous reporting season. The company's revenue decreased by -17.573% to $3.38 billion compared to $4.10 billion in the same period last year. On a sequential basis, revenue increased by 25.352% from $2.70 billion.
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| Per Share |
Current |
| Earnings (TTM) |
0.96 $ |
| Revenues (TTM) |
14.03 $
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| Cash Flow (TTM) |
- |
| Cash |
0.01 $
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| Book Value |
22.59 $
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| Dividend (TTM) |
2.07 $ |
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| Per Share |
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| Earnings (TTM) |
0.96 $
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| Revenues (TTM) |
14.03 $ |
| Cash Flow (TTM) |
- |
| Cash |
0.01 $
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| Book Value |
22.59 $ |
| Dividend (TTM) |
2.07 $ |
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