Oklahoma's regulatory environment remains a concern for OGE.
We are reaffirming our $28 fair value estimate and no-moat and stable moat trend ratings after OGE Energy reported second-quarter earnings per share of $0.35 versus $0.44 in the same period last year. Utility earnings were solid and better than we expected, $0.02 per share higher than last year, but weak performance at Enable more than offset the favorable utility earnings.OGE reaffirmed its 2016 EPS guidance of $1.72-$1.83. With favorable weather at the start of the summer, we now expect our E...
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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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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