Solid Start for OGE, but Oklahoma Regulatory Concerns Remain
We are reaffirming our $33 per share fair value estimate after OGE Energy reported 2018 first-quarter earnings of $0.27 per share versus $0.18 per share in the same period last year.Oklahoma Gas & Electric’s higher gross margin due to the impact of the 2017 rate case and favorable weather drove the strong results. Although first-quarter results were positive, the majority of OG&E’s earnings come in the second and third quarters. This is the primary reason management left its earnings gu...
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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