OGE Energy Corp. (NYSE:OGE) is included among the 11 Energy Stocks to Buy for a Retirement Portfolio.
OGE Energy Corp., through its subsidiary, operates as an energy services provider in the United States. With about 7,116 megawatts of capacity, the company generates, transmits, distributes, and sells electric energy.
OGE Energy Corp. reiterated its commitment to shareholders on December 3 when it announced a dividend of $0.425 per share to all shareholders as of the January 5 record date, payable on January 30, 2026. The company has been growing its payouts for 19 consecutive years and boasts an annual dividend yield of 3.96%, putting it among the 14 Best Utility Dividend Stocks to Buy Now.
OGE Energy Corp. continues to invest in expansion to make sure it can keep up with the expected surge in energy demand due to the AI boom and rapid industrialization. It was announced last month that the company has launched a public offering of $345 million worth of common stock, while also granting underwriters an option to purchase up to $51.75 million of additional shares. OGE intends to use the proceeds to fund capital expenditures, including the Horseshoe Lake generating units 13 and 14, and Ft. Smith to Muskogee Transmission line. Additionally, the funds will be utilized for other general corporate purposes, including to repay or refinance debt.
In other news, Barclays reiterated its ‘Buy’ rating on OGE Energy Corp. on December 1 and assigned it a price target of $51, representing an upside potential of over 18% as of the writing of this piece.
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