OGE Energy initiated with a Sector Perform at RBC Capital

RBC Capital analyst Stephen D’Ambrisi initiated coverage of OGE E nergy with a Sector Perform rating and $51 price target Despite tailwinds from sales growth and incremental generation, the firm initiates at Sector Perform due to the lack of near-term EPS upside and the broad range of upside from various generation ownership scenarios. The firm added that it believes rate case asks will continue to be manageable.