OGE Energy (OGE) Launches Public Stock Offering

Core Insights - OGE Energy Corp. is recognized as one of the 14 Best Utility Dividend Stocks to Buy Now [1] - The company has launched a public offering of $345 million in common stock, with an additional option for underwriters to purchase up to $51.75 million [3] - Proceeds from the stock offering will be used for capital expenditures and general corporate purposes, including debt repayment [3] Company Overview - OGE Energy 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] Financial Ratings - Mizuho has reiterated a 'Buy' rating on OGE Energy with a target price of $47, indicating a potential upside of 6.5% [4] - Wells Fargo has maintained a 'Hold' rating on the stock [4]