Oklahoma Regulation Remains Concern for OGE Energy
We are reaffirming our no-moat rating and $34 per share fair value estimate after meeting with OGE Energy CFO Stephen Merrill at the Edison Electric Financial Conference in San Francisco. We discussed future regulatory developments in Oklahoma and the 2018 third-quarter results.Merrill was confident the challenging regulatory framework could be improved in Oklahoma following the rate case to be filed before year-end addressing recovery of the approximately $532 million investment in scrubbers a...
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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