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NI vs. OGE: NiSource vs. OGE Energy Stock Comparison

How do NiSource (NI) 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

NiSource (NI) and OGE Energy (OGE) both fall under the Utilities industry group, but NI is classified in Multi-Utilities while OGE is classified in Electric Utilities.

Company profile comparison for NiSource (NI) and OGE Energy (OGE)
Profile ItemNIOGE
NameNiSource Inc.OGE Energy Corp.
Country/RegionUnited StatesUnited States
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryMulti-UtilitiesElectric Utilities
GICS Sub-IndustryMulti-UtilitiesElectric Utilities
Market Capitalization21.18 billion USD10.47 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 21, 1973February 21, 1973
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

NI
OGE
GSPC
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NiSource (NI) vs. OGE Energy (OGE), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for NiSource (NI) and OGE Energy (OGE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for NiSource (NI) and OGE Energy (OGE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for NiSource (NI) and OGE Energy (OGE)
MetricNIOGE
Total Return (1Y)6.11%18.53%
Total Return (3Y, Annualized)25.66%19.00%
Total Return (5Y, Annualized)16.11%12.88%

Risk Profile

Drawdown History

NI
OGE
GSPC
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NiSource (NI) vs. OGE Energy (OGE), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for NiSource (NI) and OGE Energy (OGE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for NiSource (NI) and OGE Energy (OGE)
MetricNIOGE
Volatility (1Y, Annualized)18.23%17.28%
Beta (5Y)0.530.47
Max Drawdown (5Y)-24.76%-21.94%
Avg. Volume (3M)5.64M1.88M

Risk-Adjusted Performance

Risk-Return Positioning

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NI and OGE are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for NiSource (NI) and OGE Energy (OGE)
MetricNIOGE
Sharpe Ratio (1Y)0.100.82
Sortino Ratio (1Y)0.141.21

Profitability

ROE (TTM)

Both NiSource (NI) at 8.71% and OGE Energy (OGE) at 11.02% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

NI

Utilities industry group

8.71%

Max
17.99%
Q3
12.01%
Median
9.44%
NI
8.71%
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%
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NiSource (NI) vs. OGE Energy (OGE): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both NiSource (NI) at 13.51% 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.

NI

Utilities industry group

13.51%

Max
28.78%
Q3
17.30%
NI
13.51%
Median
12.73%
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%
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NiSource (NI) vs. OGE Energy (OGE): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

OGE Energy (OGE) at 36.01% operates in the top operating margin quartile, ahead of NiSource (NI) at 25.20%, which runs around its industry’s norm.

NI

Utilities industry group

25.20%

Max
53.83%
Q3
31.12%
NI
25.20%
Median
23.62%
Q1
15.45%
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%
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NiSource (NI) vs. OGE Energy (OGE): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for NiSource (NI) and OGE Energy (OGE)
MetricNIOGE
ROE (TTM)8.71%11.02%
ROA (TTM)3.25%3.69%
Net Margin (TTM)13.51%16.36%
Operating Margin (TTM)25.20%36.01%
Gross Margin (TTM)50.92%45.64%

Growth

Revenue Growth

NiSource (NI) at 21.76% sits in the top revenue growth quartile, while OGE Energy (OGE) at 9.21% is closer to the peer norm — faster top-line expansion for NI.

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NiSource (NI) vs. OGE Energy (OGE): A comparison of their Revenue Growth across different time periods.

EPS Growth

NiSource (NI) at 20.37% sits in the top EPS growth quartile, while OGE Energy (OGE) at 5.94% is closer to the peer norm — faster per-share earnings growth for NI.

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NiSource (NI) vs. OGE Energy (OGE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for NiSource (NI) and OGE Energy (OGE)
MetricNIOGE
Revenue Growth (YoY)21.76%9.21%
Revenue Growth (3Y CAGR)4.32%-1.15%
EPS Growth (YoY)20.37%5.94%
EPS Growth (3Y CAGR)4.68%-11.26%

Financial Strength

Current Ratio (MRQ)

OGE Energy (OGE) at 0.81 keeps current ratio within its industry’s typical mid-range, while NiSource (NI) at 0.50 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for NI.

NI

Utilities industry group

0.50

Max
1.90
Q3
1.17
Median
0.88
Q1
0.66
NI
0.50
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
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NiSource (NI) vs. OGE Energy (OGE): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Both NiSource (NI) at 1.53 and OGE Energy (OGE) at 1.12 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

NI

Utilities industry group

1.53

Max
2.63
Q3
1.77
NI
1.53
Median
1.35
Q1
0.84
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
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NiSource (NI) vs. OGE Energy (OGE): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for NiSource (NI) and OGE Energy (OGE)
MetricNIOGE
Current Ratio (MRQ)0.500.81
Debt / Equity (MRQ)1.531.12
Net Debt / EBITDA5.874.25

Dividends

Dividend Yield (TTM)

Both NiSource (NI) at 0.68% and OGE Energy (OGE) at 3.35% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

NI

Utilities industry group

0.68%

Max
6.66%
Q3
3.58%
Median
2.85%
NI
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%
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NiSource (NI) vs. OGE Energy (OGE): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both NiSource (NI) at 60.51% and OGE Energy (OGE) at 64.29% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

NI

Utilities industry group

60.51%

Max
113.04%
Q3
68.72%
NI
60.51%
Median
56.38%
Q1
32.38%
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%
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NiSource (NI) vs. OGE Energy (OGE): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for NiSource (NI) and OGE Energy (OGE)
MetricNIOGE
Dividend Yield (TTM)0.68%3.35%
Dividend Payout Ratio (TTM)60.51%64.29%

Valuation

P/E Ratio (TTM)

Both NiSource (NI) at 22.64 and OGE Energy (OGE) at 19.11 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

NI

Utilities industry group

22.64

Max
31.22
Q3
23.30
NI
22.64
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
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NiSource (NI) vs. OGE Energy (OGE): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both NiSource (NI) at 3.04 and OGE Energy (OGE) at 3.10 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

NI

Utilities industry group

3.04

Max
6.35
Q3
3.63
NI
3.04
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
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NiSource (NI) vs. OGE Energy (OGE): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both NiSource (NI) at 2.21 and OGE Energy (OGE) at 2.01 are valued close to their industries’ norm against book — neither stands out from peers.

NI

Utilities industry group

2.21

Max
3.12
Q3
2.21
NI
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
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NiSource (NI) vs. OGE Energy (OGE): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for NiSource (NI) and OGE Energy (OGE)
MetricNIOGE
P/E Ratio (TTM)22.6419.11
P/S Ratio (TTM)3.043.10
P/B Ratio (MRQ)2.212.01
Free Cash Flow Yield (TTM)-10.51%0.04%