Wells Fargo Reiterates an 'Outperform' on OGE Energy (OGE); Premium Valuation Not Reflected
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Price: $69.31 -1.31%
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade OGE Now!
Wells Fargo reiterates an 'Outperform' on OGE Energy (NYSE: OGE) price target range of $59-$59 from $56-58.
Analyst, Sarah Akers, said, "We do not believe the current share price adequately reflects OGE’s positive attributes, including meaningful growth opportunities over the next 5-years. Our 2012-14E EPS are $3.45, $3.55 and $3.75 vs. $3.30, $3.55 and NE, previously."
"OGE offers a solid regulated utility (OG&E) with generally constructive regulatory principles and environmental and transmission-related growth opportunities and a strategically located midstream business (Enogex)."
For an analyst ratings summary and ratings history on OGE Energy click here. For more ratings news on OGE Energy click here.
Shares of OGE Energy closed at $51.03 yesterday, with a 52 week range of $40.56-$57.54.
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Analyst, Sarah Akers, said, "We do not believe the current share price adequately reflects OGE’s positive attributes, including meaningful growth opportunities over the next 5-years. Our 2012-14E EPS are $3.45, $3.55 and $3.75 vs. $3.30, $3.55 and NE, previously."
"OGE offers a solid regulated utility (OG&E) with generally constructive regulatory principles and environmental and transmission-related growth opportunities and a strategically located midstream business (Enogex)."
For an analyst ratings summary and ratings history on OGE Energy click here. For more ratings news on OGE Energy click here.
Shares of OGE Energy closed at $51.03 yesterday, with a 52 week range of $40.56-$57.54.
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