OGE ENERGY CORP.
In the published model solve dated 2026-Q2, anchored at $47.01, OGE ENERGY CORP. (OGE) is priced for +0.0% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• OGE Energy is the parent of Oklahoma Gas and Electric, a regulated electric utility whose books are kept under the rules ⟦"prescribed by the FERC"⟧ and the Oklahoma Corporation Commission, which means its earnings are set by regulators, not by the market. • The biggest risk is leverage meeting rising rates: net debt sits around $5.86 billion, roughly 7.5 times operating income, with interest coverage near 3 times, the structural cost of building and owning a power grid. • What to watch is the
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592 institutional managers reported holding OGE in 13F filings for the quarter ended 2026-03-31. Together they hold about 76% of the company; the top 10 hold 40%. 84 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 9.8M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
OGE's share count grew 3% over the past five years. It pays a dividend, and has paid one every year in our records (17 and counting), raised 16 years straight; the current rate is $1.69 a share annually. Cash returned over the past three years: $936.20M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at OGE over the trailing three years: 2025: 1 buy totaling $45k; 2026: 1 buy totaling $500k. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
OGE's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | -0.2% | -1.7% |
| 2023-11-03 | +2.3% | +0.6% |
| 2024-02-22 | +0.8% | +3.8% |
| 2024-05-02 | +1.1% | +1.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
OGE's latest 8-K filings: 2026-08-03 (items 5.02); 2026-07-29 (items 2.02, 9.01); 2026-06-15 (items 1.01, 2.03, 9.01); 2026-05-14 (items 5.07, 8.01); 2026-04-29 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.