Mizuho Securities Starts OGE Energy (OGE) at Neutral

Mizuho Securities analyst Anthony Crowdell initiates coverage on OGE Energy (NYSE: OGE) with a Neutral rating and a price target of $43.50.

The analyst comments "We expect the future of OGE dividend hikes will be tied to investment opportunities at the regulated utility OG&E. Much of this will be resolved in the upcoming rate filing (timing TBD) when the utility will ask regulators for approval of a distribution rate rider. Absent additional spending at the utility, we expect the company to have additional cash to fuel dividend increases."

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 $43.40 yesterday.

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