OGE Energy (OGE) vs Xcel Energy (XEL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
OGE Energy (OGE) has outperformed Xcel Energy (XEL) over the past year, gaining 2.5% versus a loss of 10.4%. Over five years, OGE leads with a +37.8% price change compared with +11.3% for XEL. Xcel Energy is the larger company by market cap ($46.08 billion vs $9.61 billion), about 4.8 times the size, while OGE Energy is growing revenue faster (+9.2% vs +9.1%).
On valuation, Xcel Energy trades at a lower forward P/E (16.3x vs 17.8x for OGE Energy). OGE Energy offers the higher dividend yield (3.65% vs 3.15%). OGE Energy converts more of its revenue into profit, with a net margin of 14.4% versus 13.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | OGE | XEL |
|---|---|---|
| Share price | $46.50 | $73.78 |
| Market cap | $9.61B | $46.08B |
| 1-day change | +0.85% | +0.57% |
| YTD return | +8.90% | -0.68% |
| 1-year return | +2.54% | -10.37% |
| 5-year return | +37.78% | +11.27% |
| P/E ratio (TTM) | 20.31 | 20.21 |
| Forward P/E | 17.83 | 16.26 |
| EPS (TTM) | $2.29 | $3.65 |
| Dividend yield | 3.65% | 3.15% |
| Annual dividend | $1.70 | $2.33 |
| Revenue (latest FY) | $3.26B | $14.67B |
| Revenue growth (YoY) | +9.21% | +9.14% |
| Net income (latest FY) | $470.70M | $2.02B |
| Gross margin | 61.35% | — |
| Operating margin | 24.52% | 17.61% |
| Net margin | 14.44% | 13.76% |
| 52-week high | $50.59 | $84.23 |
| 52-week low | $41.70 | $68.72 |
| Distance from 52-week high | -8.08% | -12.41% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +6.62% | +22.82% |
| Average volume | 1.59M | 5.34M |
| Shares outstanding | 206.58M | 624.63M |
| Employees | 2,248 | 11,534 |
| Sector | Utilities | Utilities |
| Industry | Electric Utilities: Central | Power Generation |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Xcel Energy is about 4.8 times larger than OGE Energy by market value ($46.08B vs $9.61B).
- OGE has outperformed XEL by 12.9 percentage points over the past year.
About OGE Energy
OGE stock →OGE Energy Corp., through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States. It owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.
Utilities · Electric Utilities: Central · 2,248 employees
About Xcel Energy
XEL stock →Xcel Energy Inc., through its subsidiaries, operates as an electric and natural gas delivery company in the United States. It operates through Regulated Electric Utility and Regulated Natural Gas Utility segments.
Utilities · Power Generation · 11,534 employees
OGE vs XEL FAQ
Which is bigger, OGE Energy or Xcel Energy?
Xcel Energy (XEL) is larger, with a market capitalization of $46.08B compared with $9.61B for OGE Energy (OGE).
Which stock has performed better over the past year, OGE or XEL?
OGE returned +2.54% over the past 12 months, compared with -10.37% for XEL (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, OGE or XEL?
XEL has the lower trailing P/E at 20.2, versus 20.3 for OGE. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, OGE Energy or Xcel Energy?
OGE Energy has the higher yield at 3.65%, compared with 3.15% for Xcel Energy.
Are OGE Energy and Xcel Energy in the same industry?
Both are in the Utilities sector, but in different industries: Electric Utilities: Central for OGE Energy and Power Generation for Xcel Energy.