OGE Energy Named Among Top 20 Dividend Contenders, Price Target Raised to $51
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Yahoo Finance
- Price Target Increase: RBC Capital analyst Stephen D’Ambrisi raised OGE Energy's price target from $49 to $51 while maintaining a Sector Perform rating, reflecting a reassessment of utility capital plans that could positively impact the company's stock price.
- Industry Dynamics: Over the past 18 months, the utility sector has experienced frequent changes in capital deployment plans, with many companies providing early or off-cycle updates, prompting RBC to adjust its sector models and highlighting market focus on capital investment opportunities.
- BMO Coverage Initiation: On January 13, BMO Capital initiated coverage of OGE Energy with a Market Perform rating and a $45 price target, noting that generation capacity needs create clear investment opportunities, while cautioning investors about regulatory and political risks leading up to 2026.
- Business Overview: OGE Energy primarily provides electricity in Oklahoma and western Arkansas, reporting operations mainly through its electric utility business segment; despite its investment potential, analysts suggest that certain AI stocks may offer greater upside potential.
Analyst Views on OGE
Wall Street analysts forecast OGE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OGE is 49.00 USD with a low forecast of 44.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
2 Buy
5 Hold
0 Sell
Moderate Buy
Current: 43.180
Low
44.00
Averages
49.00
High
55.00
Current: 43.180
Low
44.00
Averages
49.00
High
55.00
About OGE
OGE Energy Corp. is a holding company whose primary investment provides electricity in Oklahoma and western Arkansas. The Company reports its operations primarily through a single segment, the electric company. Its electric company operations are conducted through its wholly-owned subsidiary, Oklahoma Gas and Electric Company (OG&E), which generates, transmits, distributes, and sells electric energy in Oklahoma and western Arkansas. OG&E provides retail electric service to approximately 907,000 customers in Oklahoma and western Arkansas throughout a service area that covers 30,000 square miles, including Oklahoma City, Fort Smith, Arkansas, and other large communities with their contiguous rural and suburban areas. The Company’s other operations primarily include the operations of the holding company and other energy-related investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
