OGE Energy (NYSE:OGE)(OGE - $39.19 – NYSE) is a utility holding company that produces electricity in Oklahoma and Western Arkansas and is a general partner in publicly traded master limited partnership Enable Midstream Partners (ENBL - $13.53 – NYSE). e company produced a very good quarter that exceed consensus earnings estimates and allowed management to increase full year guidance. Earnings contribution from the Utility segment increased due to better weather and customer growth while Enable’s earnings contribution increased due to record processing and gathering volumes. It also appears that the underlying regulatory environment has improved which helped close the valuation gap to peers.
From Keeley Funds' Mid-Cap Value Fund fourth-quarter 2018 commentary.
