OGE Energy traded at $47.65 this Monday March 9th, decreasing $0.55 or 1.14 percent since the previous trading session. Looking back, over the last four weeks, OGE Energy lost 5.79 percent. Over the last 12 months, its price rose by 7.66 percent. Looking ahead, we forecast OGE Energy to be priced at 46.74 by the end of this quarter and at 42.64 in one year, according to Trading Economics global macro models projections and analysts expectations.
OGE Energy Corp. is a holding company. The Company is having investments in energy and energy services providers offering physical delivery and related services for both electricity and natural gas primarily in the south-central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment operations are conducted through Oklahoma Gas and Electric Company (OG&E), which generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. OG&E is an electric utility in Oklahoma, and its franchised service territory includes Fort Smith, Arkansas and the surrounding communities. The natural gas midstream operations segment represents the Company's investment in Enable Midstream Partners, LP (Enable) through wholly owned subsidiaries and ultimately OGE Holdings. Enable is primarily engaged in the business of gathering, processing, transporting and storing natural gas.