15 Utility Stocks with Highest Dividends

8. OGE Energy Corp. (NYSE:OGE)

Dividend Yield as of April 7: 3.47% 

OGE Energy Corp. (NYSE:OGE) is a holding company whose primary investment provides electricity in Oklahoma and western Arkansas.

On March 25, Argus raised its price target on OGE Energy Corp. (NYSE:OGE) from $47 to $52, while keeping a ‘Buy’ rating on the shares. The revised target reflects an upside of almost 2% from the current share price.

Argus highlighted OGE Energy Corp. (NYSE:OGE)’s steady EPS growth of around 5%, with a similar forecast for the ongoing year and the next. The analyst firm remains optimistic regarding the utility’s visible forward earnings stream, stringent cost controls, and well-run generation facilities. Moreover, Argus outlined OGE’s relatively high annual dividend yield of 3.50%, which also places it on our list of the 15 Best Dividend Leaders to Buy Right Now.

OGE Energy Corp. (NYSE:OGE) has forecasted consolidated earnings of $2.43 per share for FY 2026, indicating a 7% increase from the 2025 midpoint. The company set a long-term EPS growth target of 5%–7%, with expectations to deliver in the top half of the range in 2027 and 2028.