Geneos Wealth Management Divests from OGE Energy Corp. with Sale of 356 Shares
December 29, 2023
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Geneos Wealth Management Inc. recently disposed of 356 shares of OGE ($NYSE:OGE) Energy Corp., a leading American energy company based in Oklahoma City, Oklahoma. It is the holding company of Oklahoma Gas & Electric Company, Tulsa’s largest electric utility company, and Enogex LLC, a natural gas pipeline and storage company. In addition to its electric and natural gas business, OGE Energy Corp. also has investments in renewable energy initiatives such as wind farms, solar projects, and other environmentally friendly power sources. It will be interesting to see what other investors may choose to do in the wake of this news and how it may affect the performance of the stock in the future.
Share Price
This further demonstrates the strength of the company, as it continues to remain relatively stable in the face of increased volatility in the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Oge Energy. More…
| Total Revenues | Net Income | Net Margin |
| 2.82k | 418.9 | 14.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Oge Energy. More…
| Operations | Investing | Financing |
| 924.2 | -1.24k | -135 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Oge Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.74k | 8.2k | 22.67 |
Key Ratios Snapshot
Some of the financial key ratios for Oge Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.2% | 8.3% | 24.5% |
| FCF Margin | ROE | ROA |
| -11.2% | 9.7% | 3.4% |
Analysis
At GoodWhale, we conducted an analysis of OGE ENERGY‘s financials and our Star Chart revealed that the company is strong in dividend, medium in asset, profitability and weak in growth. Upon further evaluation, our health score for the company was 6/10 with regard to its cashflows and debt, indicating that it is likely to safely ride out any crisis without the risk of bankruptcy. We classify this type of company as ‘rhino’, meaning it has achieved moderate revenue or earnings growth. Investors interested in OGE ENERGY are likely to be looking for steady returns without sacrificing on safety. Due to its health score and ‘rhino’ classification, we believe that OGE ENERGY is well-positioned to provide consistent returns over the long term, providing a safer option than many higher risk investments. More…
Peers
In the electric and natural gas utility industry in the United States, there are four companies that stand out as the largest competitors. These are OGE Energy Corp, DTE Energy Co, Eversource Energy, and NextEra Energy Inc. These four companies account for a large majority of the market share in the industry and are all major players in the space.
– DTE Energy Co ($NYSE:DTE)
DTE Energy Co is a holding company that engages in the utility operations through its subsidiaries. It provides natural gas and electricity to residential, commercial, and industrial customers in Michigan. The company’s segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, and Corporate and Other.
– Eversource Energy ($NYSE:ES)
Eversource Energy is an American utility company that serves electric and natural gas customers in Connecticut, Massachusetts, and New Hampshire. The company has a market cap of 26.86B as of 2022 and a return on equity of 10.13%. Eversource Energy is one of the largest energy delivery companies in New England. The company is committed to providing safe and reliable energy to its customers.
– NextEra Energy Inc ($NYSE:NEE)
NextEra Energy Inc is a clean energy company with a focus on renewable energy. The company has a market cap of 153.59B as of 2022 and a return on equity of 6.09%. NextEra Energy Inc is the largest producer of wind and solar power in the world and is also the largest provider of electricity in the United States. The company’s mission is to create a cleaner, healthier and more prosperous world for all.
Summary
Investors in OGE Energy Corp. (OGE) recently saw some activity as Geneos Wealth Management Inc. sold off 356 of their shares. This recent activity is just another indication of how investor sentiment for OGE Energy is changing. Analysts are watching the company closely and have already begun to make positive projections for the future. Over the coming months, investors should keep an eye on the activities of OGE Energy to see if the trend of increased investment continues.
With increased investment, OGE Energy Corp. could find itself in a strong position to capitalize on opportunities in the energy market. It remains to be seen what the future holds, but increased interest is a positive sign for investors in OGE Energy.
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