Investors with an interest in Utility - Electric Power stocks have likely encountered both Dominion Energy (D) and OGE Energy (OGE). But which of these two stocks is more attractive to value investors?
OGE makes a strong case for investment, given its earnings growth prospects, debt management and ability to increase shareholders' value.
Investors interested in Utility - Electric Power stocks are likely familiar with Dominion Energy (D) and OGE Energy (OGE). But which of these two companies is the best option for those looking for undervalued stocks?
OGE Energy (OGE) reported earnings 30 days ago. What's next for the stock?
OGE's third-quarter earnings miss the Zacks Consensus Estimate by 2.7%. Its revenues grow year over year by 2.1%.
OGE Energy Corp. (NYSE:OGE ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Jason Bailey - Director of Investor Relations Sean Trauschke - Chairman, President and Chief Executive Officer Chuck Walworth - Interim Chief Financial Officer Conference Call Participants Nathan Richardson - Barclays Konstantin Lednev - Guggenheim Partners Brian Russo - Jefferies Travis Miller - Morningstar Inc. Paul Fremont - Ladenburg Thalmann & Co. Inc. Operator Welcome to the OGE Energy Corp. Q3 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
OGE Energy (OGE) came out with quarterly earnings of $1.09 per share, missing the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.20 per share a year ago.
The Utilities sector has surged in 2024, but OGE Energy remains a hold due to valuation and technical trends. OGE Energy's Q2 results were solid, with a 10% revenue increase and EPS beating forecasts, yet the stock has underperformed the sector YTD. OGE's management forecasts steady EPS growth and no debt due until 2027, making it a conservative play with a 4.15% dividend yield.
OGE Energy (OGE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors looking for stocks in the Utility - Electric Power sector might want to consider either FirstEnergy (FE) or OGE Energy (OGE). But which of these two stocks presents investors with the better value opportunity right now?
OGE Energy (OGE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
OGE Energy (OGE) makes a strong case for investment, given its growth prospects, debt management and capability to increase shareholders' value.