Better Oklahoma Regulation Key to OGE's Outlook
We are reaffirming our no-moat rating and $37 per share fair value estimate after OGE Energy reported weak earnings for the 2019 first quarter but reaffirmed 2019 earnings guidance.Consolidated EPS for the quarter was $0.24 versus $0.27 in the same period last year. Our unchanged 2019 earnings estimate of $2.12 per share is flat versus 2018 and near the midpoint of management's $2.05-$2.20 guidance.
Oklahoma Gas & Electric contributed $0.10 per share in the recently ended quarter versus $0....
OGE Energy is a holding company. Through its subsidiaries, the company is an energy and energy services provider providing physical delivery and related services for both electricity and natural gas primarily in the south central United States Co. conducts these activities through two business segments: electric utility, which generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas; and natural gas midstream operations, which consist of the company's investment in Enable Midstream Partners, LP, which is primarily engaged in the business of gathering, processing, transporting and storing natural gas.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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