Jeffries Raises its Price Target on OGE Energy (OGE)

Core Viewpoint - OGE Energy Corp. is recognized as one of the best utility stocks for dividends, with a focus on expansion and positive market outlooks from analysts [1][3]. Company Overview - OGE Energy Corp. operates as an energy services provider in the United States, with a capacity of approximately 7,116 megawatts for generating, transmitting, distributing, and selling electric energy [2]. Analyst Ratings and Price Target - Jefferies raised the price target for OGE Energy from $52 to $55 while maintaining a 'Buy' rating, anticipating a positive "super cycle" in the utilities sector with increased capital expenditures and reduced cost of capital [3]. Expansion Plans - The company aims to add around 550 megawatts of capacity to meet growing customer demand, including new natural gas combustion turbines at Tinker and Horseshoe Lake Units 11 and 12, expected to be operational within the next year [4]. Dividend Information - OGE Energy declared a quarterly dividend of $0.425 per share, resulting in an annual dividend yield of 3.66% [4].