OGE Energy initiated with a Market Perform at BMO Capital

BMO Capital initiated coverage of OGE Energy (OGE) with a Market Perform rating and $45 price target The company has a positive fundamental setup with generation capacity needs providing visible capital opportunities, but investors are likely to be “hyper-focused” on regulatory and political tail risk in 2026, the analyst tells investors in a research note. Ass such, BMO believes OGE’s multiple expansion is likely limited in the near term.