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OKLAHOMA CITY - At its annual meeting held today, OGE Energy Corp. (NYSE: OGE) announced the election of its board of directors and addressed several shareholder proposals. The company, which is the parent of OG&E, a regulated electric utility serving Oklahoma and western Arkansas, has reaffirmed its commitment to providing reliable and cost-effective electricity.
CEO Sean Trauschke highlighted the company’s achievements in 2024, emphasizing improved reliability and economic growth in the communities served by OGE Energy. He noted the company’s dedication to maintaining operational excellence and customer service in the coming years.
Shareholders elected ten directors to one-year terms, including Judy R. McReynolds of ArcBest Corporation and Sean Trauschke of OGE Energy Corp. Additionally, Ernst & Young LLP was ratified as the principal independent accountants for 2025. An advisory vote approved the executive compensation, while a proposal to amend the Restated Certificate of Incorporation to eliminate supermajority voting provisions did not pass.
The board also declared a third-quarter dividend of $0.42125 per share, payable on July 25, 2025, to shareholders of record as of July 7, 2025. This dividend rate remains consistent with the previous quarter, offering a current yield of 3.93%. InvestingPro data reveals that OGE has maintained dividend payments for 55 consecutive years and has raised its dividend for 18 straight years, demonstrating remarkable commitment to shareholder returns.
OGE Energy serves approximately 909,000 customers and has been recognized for its focus on delivering electricity safely and efficiently. The company’s strong operational performance is reflected in its 15.56% revenue growth and P/E ratio of 18.17. The company’s forward-looking statements reflect its goals and expectations for the future, although actual results may differ due to various risk factors as detailed in the company’s SEC filings. For deeper insights into OGE’s financial health and additional ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.
This report is based on a press release statement from OGE Energy Corp.
In other recent news, OGE Energy Corporation reported strong financial results for the first quarter of 2025. The company announced a significant increase in net income, reaching $63 million compared to $19 million in the same period last year. Earnings per share (EPS) also rose to $0.31, exceeding the consensus estimate of $0.23. OGE Energy reaffirmed its full-year EPS guidance of $2.27, with a range of $2.21 to $2.33, indicating stable financial expectations. Mizuho Securities adjusted its outlook on OGE Energy, raising the price target to $45 while maintaining a Neutral rating, citing the stock’s valuation premium over its peers. The company’s robust performance was driven by higher operating revenues and strong load growth, despite Moody’s recent downgrade of the outlook on OGE Energy’s balance sheet. Ongoing discussions with major data center projects, including Google, highlight potential future growth prospects. The company plans to file a mid-year rate review in Oklahoma, which could impact future operations.
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