Investors in OGE Energy (NYSE:OGE) have seen notable returns of 90% over the past five years
If you buy and hold a stock for many years, you'd hope to be making a profit. But more than that, you probably want to see it rise more than the market average. But OGE Energy Corp. (NYSE:OGE) has fallen short of that second goal, with a share price rise of 51% over five years, which is below the market return. However, more recent buyers should be happy with the increase of 26% over the last year.
Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.
Our free stock report includes 2 warning signs investors should be aware of before investing in OGE Energy. Read for free now.
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
During the five years of share price growth, OGE Energy moved from a loss to profitability. That would generally be considered a positive, so we'd hope to see the share price to rise.
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
NYSE:OGE Earnings Per Share Growth May 7th 2025
We know that OGE Energy has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts.
What About Dividends?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, OGE Energy's TSR for the last 5 years was 90%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
A Different Perspective
It's good to see that OGE Energy has rewarded shareholders with a total shareholder return of 31% in the last twelve months. Of course, that includes the dividend. That's better than the annualised return of 14% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand OGE Energy better, we need to consider many other factors. For instance, we've identified 2 warning signs for OGE Energy (1 makes us a bit uncomfortable) that you should be aware of.
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About American Integrity Insurance Group, Inc. American Integrity Insurance Group is one of Florida's leading providers of residential property insurance, proudly serving more than 383,000 policyholders. Headquartered in Tampa, Florida, the company continues to set the standard in the industry by empowering homeowners and fostering a culture defined by integrity, resilience, and excellence. Forward-Looking Statements Certain statements in this press release and on the related teleconference call may be forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding: our outlook; our business strategy; writing new business and retaining existing policies; availability of reinsurance coverage; expectations on future growth; future Citizens take-out opportunities; anticipated future operating results and operating expenses, cash flows, capital resources and liquidity; reserves for losses and loss adjustment expenses; competition; future regulatory, judicial and legislative changes; forecasts of future revenues and appropriately planning our expenses; and long- term; and our plans regarding our capital expenditures and investment portfolio as our business grows. In some cases, you can identify forward-looking statements by terms such as "anticipates," "believes," "contemplates," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "should," "targets," "will," "would" or the negative of these terms or other similar expressions. Forward-looking statements are neither historical facts nor assurances of future performance, and are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the potential that we may face significant losses due to being a property and casualty insurer and our exposure to catastrophic events and severe weather conditions, which can be unpredictable; our loss reserves are estimates and may be inadequate to cover our actual liability for losses, and actual claims incurred have exceeded, and in the future may exceed, reserves established for claims; the dependence of our financial results on the regulatory, legal, economic and weather conditions in Florida due to the fact that we conduct substantially all of our business in Florida; changing climate conditions may increase the severity and frequency of catastrophic events and severe weather conditions; dependence upon the effectiveness of exclusions and other loss limitation methods in the insurance policies we assume or write; reliance upon third-party distribution partners, including independent insurance agents, homebuilder-affiliated agents and national insurance carriers; our ability to pursue Citizens' take-out opportunities; cyclical changes in the insurance industry; our ability to obtain reinsurance coverage at commercially reasonable rates, or at all; credit risk of our reinsurers who may suffer a downgrade; the inherent uncertainty of models and our reliance on such models as a tool to evaluate risk, and the dependence of our results upon our ability to accurately price the risks we underwrite; the possibility that our information technology systems may fail or be disrupted; our ability to expand our business and the possible need to acquire additional capital in the future to fund such expansion; the ability of our claims department, or the third-party claims adjusters whom we may engage, to effectively manage or remediate claims as well as unanticipated increases in the severity or frequency of claims; the possibility that actual renewals of our existing policies will not meet expectations; increased competition and market conditions, including changes in our financial stability and credit ratings; the extensive regulatory environment in which we operate that requires approval of rate increases, can mandate rate decreases, and that can dictate underwriting practices and mandate participation in loss sharing arrangements, and other potential further restrictive regulation we may face; assessments or competition for government entities may create short-term liabilities or affect our ability to underwrite more policies; and other risks identified in Part II, Item 1A "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 filed with the Securities and Exchange Commission on June 9, 2025. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events and trends discussed may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Condensed Consolidated Balance Sheets (In thousands, except unit and per unit data) March 31, 2025 December 31, 2024 Assets (unaudited) Fixed maturities, available-for-sale, at fair value (amortized cost of $206,096 and $214,505, respectively) $ 206,232 $ 214,045 Total investments 206,232 214,045 Cash and cash equivalents 236,416 173,220 Restricted cash 4,306 6,052 Premiums receivable, net 56,493 51,594 Accrued investment income 1,936 2,174 Prepaid reinsurance premiums 178,399 268,254 Reinsurance recoverable, net 439,704 462,097 Property and equipment, net 1,755 1,843 Right-of-use assets – operating leases 2,019 2,498 Other assets 7,488 16,368 Total assets $ 1,134,748 $ 1,198,145 Liabilities and members' equity Liabilities: Unpaid losses and loss adjustment expenses $ 431,620 $ 475,708 Income tax payable 18,290 11,873 Unearned premiums 423,875 421,881 Reinsurance payable 1,277 56,348 Advance premiums 20,512 6,561 Deferred income tax liability, net 33 1,122 Long-term debt 926 1,029 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Ended March 31, 2025 2024 Revenues: Gross premiums written $ 212,150 $ 147,452 Change in gross unearned premiums (1,994 ) 9,476 Gross premiums earned 210,156 156,928 Ceded premiums earned (144,754 ) (117,645 ) Net premiums earned 65,402 39,283 Policy fees 2,204 1,554 Net investment income 4,103 3,248 Net realized gains (losses) on investments 16 6 Other income 161 217 Total revenues 71,886 44,308 Expenses: Losses and loss adjustment expenses, net 20,862 20,365 Policy acquisition expenses 3,107 5,354 General and administrative expenses 5,008 5,282 Total expenses 28,977 31,001 Income before income taxes 42,909 13,307 Income tax expense 4,813 1,201 Net income 38,096 12,106 Other comprehensive income: Unrealized holding gains on available-for-sale securities, net of taxes 457 41 Reclassification adjustment for net realized gains, net of taxes (12 ) (5 ) Total other comprehensive income 445 36 Comprehensive income $ 38,541 $ 12,142 Earnings per unit: Basic and diluted earnings per unit $ 292.15 $ 94.27 Weighted average units outstanding – Basic and diluted 122,900 122,900 Condensed Consolidated Statement of Cash Flows (unaudited) (In thousands) Three Months Ended March 31, 2025 2024 Operating activities Net income $ 38,096 $ 12,106 Adjustments to reconcile net income to net cash from operating activities: Amortization and depreciation 497 688 Deferred income taxes (1,090 ) (914 ) Net realized (gains) losses (16 ) (6 ) Changes in operating assets and liabilities: Premiums receivable (4,899 ) (3,183 ) Accrued investment income 238 (253 ) Prepaid reinsurance premiums 89,856 110,565 Reinsurance recoverable 22,394 (36,511 ) Other assets 8,879 200 Unpaid losses and loss adjustment expense (44,089 ) (17,773 ) Unearned premiums 1,994 (37,611 ) Reinsurance payable (55,072 ) (61,061 ) Advance premiums 13,950 11,135 Income taxes payable (recoverable) 6,418 2,120 Operating lease payments (501 ) (514 ) Deferred policy acquisition costs, net unearned ceding commissions (5,095 ) 7,677 Other liabilities and accrued expenses (3,475 ) (6,816 ) Net cash from (used in) operating activities 68,085 (20,151 ) Investing activities Purchases of property and equipment (108 ) (595 ) Proceeds from sales and maturities of fixed maturity securities 59,870 3,532 Purchases of fixed maturity securities (51,419 ) (7,487 ) Proceeds from sales and maturities of short-term investments — (14 ) Net cash from (used in) investing activities 8,343 (4,564 ) Financing activities Cash distributions to members (14,875 ) (4,022 ) Repayment of long-term debt (103 ) (103 ) Net cash used in financing activities (14,978 ) (4,125 ) Net increase in cash and cash equivalents 61,450 (28,840 ) Cash, cash equivalents and restricted cash at beginning of year 179,272 62,168 Cash, cash equivalents and restricted cash at end of year $ 240,722 $ 33,328 Supplemental disclosures of cash flow information Interest paid $ 0 $ 30 Income taxes paid (refund) $ 0 $ 0 View source version on Contacts Company Contact: Ben Lurie, CFOAmerican Integrity Insurance Group, (813) 551-1014blurie@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
