CEG vs. OGE: Constellation Energy vs. OGE Energy Stock Comparison
How do Constellation Energy (CEG) and OGE Energy (OGE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Constellation Energy (CEG) and OGE Energy (OGE) are both classified in the Electric Utilities sub-industry within the broader Electric Utilities industry, placing them in the closest GICS peer bucket.
OGE Energy (OGE) has more than two decades of public-market history since February 21, 1973, whereas Constellation Energy (CEG) listed on January 19, 2022 and has a much shorter record to draw on.
| Profile Item | CEG | OGE |
|---|---|---|
| Name | Constellation Energy Corporation | OGE Energy Corp. |
| Country/Region | United States | United States |
| GICS Sector | Utilities | Utilities |
| GICS Industry Group | Utilities | Utilities |
| GICS Industry | Electric Utilities | Electric Utilities |
| GICS Sub-Industry | Electric Utilities | Electric Utilities |
| Market Capitalization | 88.56 billion USD | 10.47 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | January 19, 2022 | February 21, 1973 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CEG | OGE |
|---|---|---|
| Total Return (1Y) | -23.27% | 18.53% |
| Total Return (3Y, Annualized) | 32.21% | 19.00% |
| Total Return (5Y, Annualized) | -- | 12.88% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CEG | OGE |
|---|---|---|
| Volatility (1Y, Annualized) | 49.44% | 17.28% |
| Beta (5Y) | 1.11 | 0.47 |
| Max Drawdown (5Y) | -50.70% | -21.94% |
| Avg. Volume (3M) | 3.37M | 1.88M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CEG | OGE |
|---|---|---|
| Sharpe Ratio (1Y) | -0.56 | 0.82 |
| Sortino Ratio (1Y) | -0.78 | 1.21 |
Profitability
ROE (TTM)
Constellation Energy (CEG) at 15.06% sits in the top ROE quartile, while OGE Energy (OGE) at 11.02% is closer to the peer norm — stronger capital efficiency for CEG.
CEG
Utilities industry group
15.06%
- Max
- 17.99%
- CEG
- 15.06%
- Q3
- 12.01%
- Median
- 9.44%
- Q1
- 7.56%
- Min
- 2.17%
OGE
Utilities industry group
11.02%
- Max
- 17.99%
- Q3
- 12.01%
- OGE
- 11.02%
- Median
- 9.44%
- Q1
- 7.56%
- Min
- 2.17%
Net Margin (TTM)
Both Constellation Energy (CEG) at 11.08% and OGE Energy (OGE) at 16.36% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
CEG
Utilities industry group
11.08%
- Max
- 28.78%
- Q3
- 17.30%
- Median
- 12.73%
- CEG
- 11.08%
- Q1
- 9.18%
- Min
- -0.20%
OGE
Utilities industry group
16.36%
- Max
- 28.78%
- Q3
- 17.30%
- OGE
- 16.36%
- Median
- 12.73%
- Q1
- 9.18%
- Min
- -0.20%
Operating Margin (TTM)
OGE Energy (OGE) at 36.01% carries a top-quartile operating margin, while Constellation Energy (CEG) at 8.66% operates in the bottom quartile.
CEG
Utilities industry group
8.66%
- Max
- 53.83%
- Q3
- 31.12%
- Median
- 23.62%
- Q1
- 15.45%
- CEG
- 8.66%
- Min
- -4.90%
OGE
Utilities industry group
36.01%
- Max
- 53.83%
- OGE
- 36.01%
- Q3
- 31.12%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
Profitability Metrics
| Metric | CEG | OGE |
|---|---|---|
| ROE (TTM) | 15.06% | 11.02% |
| ROA (TTM) | 3.89% | 3.69% |
| Net Margin (TTM) | 11.08% | 16.36% |
| Operating Margin (TTM) | 8.66% | 36.01% |
| Gross Margin (TTM) | 22.11% | 45.64% |
Growth
Revenue Growth
Both Constellation Energy (CEG) at 8.34% and OGE Energy (OGE) at 9.21% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
OGE Energy (OGE) at 5.94% is around its peer norm for EPS growth, while Constellation Energy (CEG) at -37.76% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | CEG | OGE |
|---|---|---|
| Revenue Growth (YoY) | 8.34% | 9.21% |
| Revenue Growth (3Y CAGR) | 1.47% | -1.15% |
| EPS Growth (YoY) | -37.76% | 5.94% |
| EPS Growth (3Y CAGR) | -- | -11.26% |
Financial Strength
Current Ratio (MRQ)
OGE Energy (OGE) at 0.81 keeps current ratio within its industry’s typical mid-range, while Constellation Energy (CEG) at 1.46 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
CEG
Utilities industry group
1.46
- Max
- 1.90
- CEG
- 1.46
- Q3
- 1.17
- Median
- 0.88
- Q1
- 0.66
- Min
- 0.29
OGE
Utilities industry group
0.81
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- OGE
- 0.81
- Q1
- 0.66
- Min
- 0.29
Debt / Equity (MRQ)
Constellation Energy (CEG) at 0.76 keeps leverage in the lower industry quartile, while OGE Energy (OGE) at 1.12 runs a more typical debt-to-equity mix.
CEG
Utilities industry group
0.76
- Max
- 2.63
- Q3
- 1.77
- Median
- 1.35
- Q1
- 0.84
- CEG
- 0.76
- Min
- 0.00
OGE
Utilities industry group
1.12
- Max
- 2.63
- Q3
- 1.77
- Median
- 1.35
- OGE
- 1.12
- Q1
- 0.84
- Min
- 0.00
Financial Strength Metrics
| Metric | CEG | OGE |
|---|---|---|
| Current Ratio (MRQ) | 1.46 | 0.81 |
| Debt / Equity (MRQ) | 0.76 | 1.12 |
| Net Debt / EBITDA | 3.02 | 4.25 |
Dividends
Dividend Yield (TTM)
Both Constellation Energy (CEG) at 0.68% and OGE Energy (OGE) at 3.35% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
CEG
Utilities industry group
0.68%
- Max
- 6.66%
- Q3
- 3.58%
- Median
- 2.85%
- CEG
- 0.68%
- Q1
- 0.66%
- Min
- 0.00%
OGE
Utilities industry group
3.35%
- Max
- 6.66%
- Q3
- 3.58%
- OGE
- 3.35%
- Median
- 2.85%
- Q1
- 0.66%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
OGE Energy (OGE) at 64.29% keeps its payout within the industry’s typical band; Constellation Energy (CEG) at 15.92% pays out less than peers usually do, retaining more of its earnings — a policy difference more than a quality gap.
CEG
Utilities industry group
15.92%
- Max
- 113.04%
- Q3
- 68.72%
- Median
- 56.38%
- Q1
- 32.38%
- CEG
- 15.92%
- Min
- 0.00%
OGE
Utilities industry group
64.29%
- Max
- 113.04%
- Q3
- 68.72%
- OGE
- 64.29%
- Median
- 56.38%
- Q1
- 32.38%
- Min
- 0.00%
Dividend Metrics
| Metric | CEG | OGE |
|---|---|---|
| Dividend Yield (TTM) | 0.68% | 3.35% |
| Dividend Payout Ratio (TTM) | 15.92% | 64.29% |
Valuation
P/E Ratio (TTM)
OGE Energy (OGE) at 19.11 is near its industry’s usual P/E ratio, while Constellation Energy (CEG) at 24.43 sits in the richer quartile — CEG needs stronger growth or earnings quality to justify the premium.
CEG
Utilities industry group
24.43
- Max
- 31.22
- CEG
- 24.43
- Q3
- 23.30
- Median
- 19.64
- Q1
- 15.17
- Min
- 3.34
OGE
Utilities industry group
19.11
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- OGE
- 19.11
- Q1
- 15.17
- Min
- 3.34
P/S Ratio (TTM)
On P/S ratio, both Constellation Energy (CEG) at 2.83 and OGE Energy (OGE) at 3.10 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
CEG
Utilities industry group
2.83
- Max
- 6.35
- Q3
- 3.63
- CEG
- 2.83
- Median
- 2.63
- Q1
- 1.52
- Min
- 0.00
OGE
Utilities industry group
3.10
- Max
- 6.35
- Q3
- 3.63
- OGE
- 3.10
- Median
- 2.63
- Q1
- 1.52
- Min
- 0.00
P/B Ratio (MRQ)
OGE Energy (OGE) at 2.01 is valued about in line with its industry on P/B ratio, while Constellation Energy (CEG) at 2.78 carries an above-peer premium to book — CEG is pricier on assets.
CEG
Utilities industry group
2.78
- Max
- 3.12
- CEG
- 2.78
- Q3
- 2.21
- Median
- 1.83
- Q1
- 1.46
- Min
- 0.34
OGE
Utilities industry group
2.01
- Max
- 3.12
- Q3
- 2.21
- OGE
- 2.01
- Median
- 1.83
- Q1
- 1.46
- Min
- 0.34
Valuation Metrics
| Metric | CEG | OGE |
|---|---|---|
| P/E Ratio (TTM) | 24.43 | 19.11 |
| P/S Ratio (TTM) | 2.83 | 3.10 |
| P/B Ratio (MRQ) | 2.78 | 2.01 |
| Free Cash Flow Yield (TTM) | -7.48% | 0.04% |