How to Buy Oge Energy Stock
Oge Energy Corp
Oge Energy is a regulated electric utility company located in Oklahoma, United States, which is part of the Utilities sector, and is traded under the ticker OGE on the NYSE exchange.
Oge Energy stock last closed at $34.65, up 0.09% from the previous day, and has decreased 7.43% in one year. It has overperformed other stocks in the Utilities - Regulated Electric industry by 0.02 percentage points. Oge Energy stock is currently +10.9% from its 52-week low of $31.25, and -8.91% from its 52-week high of $38.04.
There are currently 200.33M OGE shares outstanding. The market value of OGE is $6.94B. In the last 24 hours, 2.69M OGE shares were traded.
How to Buy Oge Energy Stock
Not sure how to invest in Oge Energy stock? Here's how.
- Decide where to buy Oge Energy stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you choose where to buy Oge Energy stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Select your payment method and add your details.
- Analyze Oge Energy stock: The Oge Energy ticker symbol is OGE. Is Oge Energy stock a good investment? Should you buy shares of OGE? How do OGE's underlying business fundamentals look? Do top analysts think Oge Energy is a good buy? Why has OGE's stock price moved recently? (Hint: Our stock research tools can help you evaluate if OGE is a good stock to buy).
- Execute your OGE trade: Decide if you will purchase OGE shares at the current market price or use a limit order to purchase OGE stock at a given price.
- Track your investment in OGE: Create a watchlist to important notifications about your investment in Oge Energy shares.
Step 1: Decide where to buy Oge Energy stock
You need a brokerage account in order to access the NYSE market and buy OGE shares.
Our preferred brokerage: eToro
We believe that eToro is the best brokerage. Here's why:
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal information so you are able to buy OGE stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start a new brokerage account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've opened your account on the stock trading app, you can securely and quickly fund your account:
Watch the walkthrough below to see the process of transferring funds into your new investment account.
Step 4: Analyze Oge Energy stock
After you have figured out the best place to buy Oge Energy stock, it's very important to analyze their stock prior to buying, so you can wrap your head around the risk and opportunity.
Oge Energy Numbers
OGE Due Diligence Checks
WallStreetZen was created to help average investors perform more accurate fundamental analysis.
You can see all of the due diligence checks on OGE's stock page.
What is the fair value of OGE stock?
Investors use many financial metrics, analyses, models, and charts to gauge OGE's fair value.
Using relative valuations metrics:
- OGE may be undervalued based on its P/E ratio of 16.66x, relative to Utilities - Regulated Electric industry P/E ratio of 16.72x
- OGE could be undervalued based on its P/B ratio of 1.54x, relative to Utilities - Regulated Electric industry P/B ratio of 1.65x
You can do additional valuation analysis on OGE's stock here.
OGE Financial Health Summary
Positive Health Checks:
- OGE's operating cash flow of $1.23B allows it to safely service it's debt of $4.84B.
Negative Health Checks:
- There are more short-term liabilities than short-term assets on the OGE balance sheet.
- Total OGE debt is higher than 5 years ago, relative to shareholder equity.
- OGE has a relatively high debt to equity ratio of 1.84.
- OGE earnings of $694.40M is not sufficient to cover its interest payments.
- OGE profit margin has gone down from 19.7% to 15.6% in the past year.
- There are more long-term liabilities than short-term assets on the OGE balance sheet.
Is it a good time to buy Oge Energy stock, according to Wall Street analysts?
Out of 4 sell side analysts who give forecasts on OGE, the consensus analyst rating on OGE is a Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Oge Energy stock forecast page.
Metrics for Advanced OGE Traders
How is OGE performing as a company?
Last year, OGE earnings were $416.80M. During the last five year, OGE's earnings have gone up by -0.47% per year. This was slower than the Utilities - Regulated Electric industry average of 15.61%.
Last year, OGE revenue was $2.67B. During the past 5 year, OGE's revenue has gone up by 3.33% per year. This was slower than the Utilities - Regulated Electric industry average of 4%.
Dive into OGE's earnings and revenue performance here.
Are OGE insiders buying or selling the stock?
Over the past 12 months, insiders at OGE have sold more shares than they have bought.
Cristina F. McQuistion, VP- Corp. Resp. Stewardship of OGE, was the latest OGE insider to sell. They sold $142,006.29 worth of OGE shares on Mar 6, 2024.
Learn more about who owns OGE shares here.
Can I get consistent income from OGE stock?
Oge Energy pays a dividend of 4.82%, compared to the Utilities - Regulated Electric industry's average dividend yield of 3.96%. If you owned $1,000 of OGE stock, you would have received $48.16 last year.
Oge Energy dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Oge Energy dividend yield and history here.
Get opinions from other investors
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your OGE trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, use a limit order.
Press the Open button and your broker will execute the order.
If you need more help buying stocks on eToro, watch the helpful video below:
Step 6: Track your investment in OGE
Now that you own some OGE stock, you'll want to stay up-to-date on your investment.
Create a watchlist to track the most important metrics related to your OGE stock.
OGE Feed
How to Buy Stock in Oge Energy
To reiterate, here are the 6 steps to buy Oge Energy stock:
- Decide where to buy Oge Energy stock
- Sign up for your brokerage account
- Deposit money your investment account
- Analyze Oge Energy stock
- Execute your OGE trade
- Track your investment in OGE
If you require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Oge Energy, hit the button below to create your watchlist.
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