OGE vs. WEC: OGE Energy vs. WEC Energy Stock Comparison

November 11, 2026

How do OGE Energy (OGE) and WEC Energy (WEC) 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

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

Company profile comparison for OGE Energy (OGE) and WEC Energy (WEC)
Profile Item	OGE	WEC
Name	OGE Energy Corp.	WEC Energy Group Inc.
Country/Region	United States	United States
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Electric Utilities	Multi-Utilities
GICS Sub-Industry	Electric Utilities	Multi-Utilities
Market Capitalization	10.47 billion USD	38.12 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

OGE

WEC

GSPC

OGE Energy (OGE) vs. WEC Energy (WEC), 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 OGE Energy (OGE) and WEC Energy (WEC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for OGE Energy (OGE) and WEC Energy (WEC)
Metric	OGE	WEC
Total Return (1Y)	18.53%	7.80%
Total Return (3Y, Annualized)	19.00%	18.04%
Total Return (5Y, Annualized)	12.88%	9.22%

Risk Profile

Drawdown History

OGE

WEC

GSPC

OGE Energy (OGE) vs. WEC Energy (WEC), 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 OGE Energy (OGE) and WEC Energy (WEC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for OGE Energy (OGE) and WEC Energy (WEC)
Metric	OGE	WEC
Volatility (1Y, Annualized)	17.28%	17.21%
Beta (5Y)	0.47	0.43
Max Drawdown (5Y)	-21.94%	-26.02%
Avg. Volume (3M)	1.88M	2.71M

Risk-Adjusted Performance

Risk-Return Positioning

OGE and WEC 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 OGE Energy (OGE) and WEC Energy (WEC)
Metric	OGE	WEC
Sharpe Ratio (1Y)	0.82	0.20
Sortino Ratio (1Y)	1.21	0.31

Profitability

ROE (TTM)

WEC Energy (WEC) at 12.49% sits in the top ROE quartile, while OGE Energy (OGE) at 11.02% is closer to the peer norm — stronger capital efficiency for WEC.

OGE

Utilities industry group

11.02%

Max: 17.99%
Q3: 12.01%
OGE: 11.02%
Median: 9.44%
Q1: 7.56%
Min: 2.17%

WEC

Utilities industry group

12.49%

Max: 17.99%
WEC: 12.49%
Q3: 12.01%
Median: 9.44%
Q1: 7.56%
Min: 2.17%

OGE Energy (OGE) vs. WEC Energy (WEC): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

WEC Energy (WEC) at 17.53% retains a top-quartile share of revenue as profit, ahead of OGE Energy (OGE) at 16.36%, which keeps about the industry-typical share.

OGE

Utilities industry group

16.36%

Max: 28.78%
Q3: 17.30%
OGE: 16.36%
Median: 12.73%
Q1: 9.18%
Min: -0.20%

WEC

Utilities industry group

17.53%

Max: 28.78%
WEC: 17.53%
Q3: 17.30%
Median: 12.73%
Q1: 9.18%
Min: -0.20%

OGE Energy (OGE) vs. WEC Energy (WEC): 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 WEC Energy (WEC) at 25.44%, which runs around its industry’s norm.

OGE

Utilities industry group

36.01%

Max: 53.83%
OGE: 36.01%
Q3: 31.12%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

WEC

Utilities industry group

25.44%

Max: 53.83%
Q3: 31.12%
WEC: 25.44%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

OGE Energy (OGE) vs. WEC Energy (WEC): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for OGE Energy (OGE) and WEC Energy (WEC)
Metric	OGE	WEC
ROE (TTM)	11.02%	12.49%
ROA (TTM)	3.69%	3.08%
Net Margin (TTM)	16.36%	17.53%
Operating Margin (TTM)	36.01%	25.44%
Gross Margin (TTM)	45.64%	42.36%

Growth

Revenue Growth

WEC Energy (WEC) at 13.96% 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 WEC.

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

EPS Growth

Both OGE Energy (OGE) at 5.94% and WEC Energy (WEC) at -0.41% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for OGE Energy (OGE) and WEC Energy (WEC)
Metric	OGE	WEC
Revenue Growth (YoY)	9.21%	13.96%
Revenue Growth (3Y CAGR)	-1.15%	0.70%
EPS Growth (YoY)	5.94%	-0.41%
EPS Growth (3Y CAGR)	-11.26%	2.63%

Financial Strength

Current Ratio (MRQ)

OGE Energy (OGE) at 0.81 keeps current ratio within its industry’s typical mid-range, while WEC Energy (WEC) at 0.53 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for WEC.

OGE

Utilities industry group

0.81

Max: 1.90
Q3: 1.17
Median: 0.88
OGE: 0.81
Q1: 0.66
Min: 0.29

WEC

Utilities industry group

0.53

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
WEC: 0.53
Min: 0.29

OGE Energy (OGE) vs. WEC Energy (WEC): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Both OGE Energy (OGE) at 1.12 and WEC Energy (WEC) at 1.54 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

OGE

Utilities industry group

1.12

Max: 2.63
Q3: 1.77
Median: 1.35
OGE: 1.12
Q1: 0.84
Min: 0.00

WEC

Utilities industry group

1.54

Max: 2.63
Q3: 1.77
WEC: 1.54
Median: 1.35
Q1: 0.84
Min: 0.00

OGE Energy (OGE) vs. WEC Energy (WEC): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for OGE Energy (OGE) and WEC Energy (WEC)
Metric	OGE	WEC
Current Ratio (MRQ)	0.81	0.53
Debt / Equity (MRQ)	1.12	1.54
Net Debt / EBITDA	4.25	5.66

Dividends

Dividend Yield (TTM)

Both OGE Energy (OGE) at 3.35% and WEC Energy (WEC) at 3.17% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

OGE

Utilities industry group

3.35%

Max: 6.66%
Q3: 3.58%
OGE: 3.35%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

WEC

Utilities industry group

3.17%

Max: 6.66%
Q3: 3.58%
WEC: 3.17%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

OGE Energy (OGE) vs. WEC Energy (WEC): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both OGE Energy (OGE) at 64.29% and WEC Energy (WEC) at 68.18% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

OGE

Utilities industry group

64.29%

Max: 113.04%
Q3: 68.72%
OGE: 64.29%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

WEC

Utilities industry group

68.18%

Max: 113.04%
Q3: 68.72%
WEC: 68.18%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

OGE Energy (OGE) vs. WEC Energy (WEC): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for OGE Energy (OGE) and WEC Energy (WEC)
Metric	OGE	WEC
Dividend Yield (TTM)	3.35%	3.17%
Dividend Payout Ratio (TTM)	64.29%	68.18%

Valuation

P/E Ratio (TTM)

Both OGE Energy (OGE) at 19.11 and WEC Energy (WEC) at 21.07 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

OGE

Utilities industry group

19.11

Max: 31.22
Q3: 23.30
Median: 19.64
OGE: 19.11
Q1: 15.17
Min: 3.34

WEC

Utilities industry group

21.07

Max: 31.22
Q3: 23.30
WEC: 21.07
Median: 19.64
Q1: 15.17
Min: 3.34

OGE Energy (OGE) vs. WEC Energy (WEC): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

OGE Energy (OGE) at 3.10 is priced about in line with its industry on P/S ratio, while WEC Energy (WEC) at 3.69 sits in the pricier quartile — WEC costs more per dollar of sales.

OGE

Utilities industry group

3.10

Max: 6.35
Q3: 3.63
OGE: 3.10
Median: 2.63
Q1: 1.52
Min: 0.00

WEC

Utilities industry group

3.69

Max: 6.35
WEC: 3.69
Q3: 3.63
Median: 2.63
Q1: 1.52
Min: 0.00

OGE Energy (OGE) vs. WEC Energy (WEC): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

OGE Energy (OGE) at 2.01 is valued about in line with its industry on P/B ratio, while WEC Energy (WEC) at 2.62 carries an above-peer premium to book — WEC is pricier on assets.

OGE

Utilities industry group

2.01

Max: 3.12
Q3: 2.21
OGE: 2.01
Median: 1.83
Q1: 1.46
Min: 0.34

WEC

Utilities industry group

2.62

Max: 3.12
WEC: 2.62
Q3: 2.21
Median: 1.83
Q1: 1.46
Min: 0.34

OGE Energy (OGE) vs. WEC Energy (WEC): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for OGE Energy (OGE) and WEC Energy (WEC)
Metric	OGE	WEC
P/E Ratio (TTM)	19.11	21.07
P/S Ratio (TTM)	3.10	3.69
P/B Ratio (MRQ)	2.01	2.62
Free Cash Flow Yield (TTM)	0.04%	-5.16%