Mizuho Maintains Neutral Rating for OGE Energy: Here's What You Need To Know

Mizuho has decided to maintain its Neutral rating of OGE Energy OGE and raise its price target from $38.00 to $39.00.

Shares of OGE Energy are trading down 4.62% over the last 24 hours, at $38.19 per share.

A move to $39.00 would account for a 2.12% increase from the current share price.

About OGE Energy

OGE Energy is a holding company for Oklahoma Gas & Electric, a regulated utility offering electricity generation, transmission, and distribution to more than 800,000 customers in Oklahoma and western Arkansas. In December 2021, OGE closed a merger between Enable Midstream Partners and Energy Transfer. This resulted in OGE acquiring 95.4 million limited partner units of Energy Transfer in return for its 25.5% limited partner interest in Enable, a midstream services company it created in 2013.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.