Here's Why You Must Add OGE Energy Stock to Your Portfolio Now

OGE Energy Corp. OGE, with its rising earnings estimates, strategic investments, better debt management and strong dividend history, offers a great investment opportunity in the Zacks Utility Electric Power industry.Let us focus on the reasons that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment.OGE’s Growth Projections The Zacks Consensus Estimate for OGE Energy’s 2025 earnings per share (EPS) has increased 0.4% to $2.27 per share in the past 60 days.The Zacks Consensus Estimate for OGE’s 2025 revenues stands at $3.01 billion, which indicates growth of 0.8% from the 2024 reported figure.The company’s long-term (three to five years) earnings growth rate is pegged at 6.1%.Debt Position of OGE Currently, OGE’s total debt to capital is 54.34%, better than the industry’s average of 60.82%.OGE Energy’s times interest earned ratio (TIE) at the end of the fourth quarter of 2024 was 2.9. The TIE ratio of more than 1 indicates that the company will be able to meet its interest payment obligations in the near term without any problems.Dividend History of OGE OGE Energy has been increasing shareholder value by steadily paying dividends. Currently, the company’s quarterly dividend is 42.125 cents per share, resulting in an annualized dividend of $1.685. OGE’s current dividend yield is 3.8%, better than the Zacks S&P 500 Composite's average of 1.27%.OGE’s Systematic Investments OGE Energy is making significant investments in infrastructure to serve its customers efficiently. Over the 2025-2029 period, the company intends to invest $6.25 billion. Its capital investments aim to maintain and improve the safety, resiliency and reliability of its distribution and transmission grids, as well as its generation fleet.OGE Stock Price Performance In the past three months, OGE shares have risen 7.4% compared with the industry’s growth of 2.8%.Image Source: Zacks Investment ResearchOther Stocks to Consider A few other top-ranked stocks from the same industry are CenterPoint Energy Inc. CNP, NiSource Inc. NI and Ameren Corporation AEE, each holding a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.CNP’s long-term earnings growth rate is 7.5%. The Zacks Consensus Estimate for 2025 EPS is pegged at $1.75, which indicates a year-over-year improvement of 8%.  NI’s long-term earnings growth rate is 8.2%. The Zacks Consensus Estimate for 2025 EPS is pegged at $1.91, which suggests a year-over-year rise of 9.1%.  AEE’s long-term earnings growth rate is 6.7%. The Zacks Consensus Estimate for 2025 EPS is pegged at $4.94, which calls for a year-over-year improvement of 6.7%.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ameren Corporation (AEE): Free Stock Analysis Report NiSource, Inc (NI): Free Stock Analysis Report OGE Energy Corporation (OGE): Free Stock Analysis Report CenterPoint Energy, Inc. (CNP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks