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Stock impact report

OGE Energy Corp. (OGE) in Focus as RBC Capital Reassesses Utility Capital Plans [Yahoo! Finance]

OGE Energy Corp (OGE) 
Last oge energy corp earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
On January 23, RBC Capital analyst Stephen D'Ambrisi raised the firm's price target on OGE Energy Corp. (NYSE:OGE) to $51 from $49 and maintained a Sector Perform rating. The update came as part of a broader research note ahead of fourth-quarter earnings in the utilities sector. D'Ambrisi noted that over the past 18 months, the sector has seen frequent changes in capital deployment plans. Many utilities that usually update investors during the Q4 roll-forward period instead offered early or off-cycle previews of revised capital plans. Those updates led RBC to adjust its sector models, according to the note. Earlier in the month, on January 13, BMO Capital initiated coverage of OGE Energy with a Market Perform rating and a $45 price target. The firm pointed to a supportive fundamental backdrop, with generation capacity needs creating clear opportunities for capital investment. At the same time, the analyst said investors are likely to remain "hyper-focused" on regulatory and polit Show less Read more
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