Morningstar Rating

Stock Research and Analysis

by Andrew Bischof, CFA

Bulls Say

The improving regulatory environment bodes well for upcoming environmental regional haze expenditures.
The spin-off of OGE's midstream assets into an MLP allows management to focus on increasing returns at OG&E.
Enable's focus on fee-based revenue reduces commodity price risk in the firm's natural gas unit. Read more 

Bears Say

Low seasonal and geographic price differentials and reduced demand for ancillary services have hurt Enable Midstream Partners.
Risks of future inflation and higher interest rates could depress stock prices as investors look for more attractive returns elsewhere.
The U.S. Court of Appeals recently upheld the EPA's regional haze rule, potentially requiring $1 billion in spending on environmental controls. Read more 

Management

Peter Delaney has been chairman and CEO since September 2007. Delaney previously served as OGE's COO, which positioned him well for the CEO role. Delaney is required to own an amount of stock equal to 5 times his base salary, aligning management's interests   Read more 

Profile

OGE Energy is a holding company for the regulated OG&E utility offering electricity generation, transmission, and distribution to 786,000 customers in Oklahoma and western   Read more 

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