OGE Energy price target raised to $47 from $45 at Mizuho

Mizuho analyst Anthony Crowdell raised the firm’s price target on OGE Energy (OGE) to $47 from $45 and keeps a Neutral rating on the shares following an in-line Q3 earnings report where management highlighted “strong load growth exceeding national trends.” The firm also noted that management said it expects to keep dividends consistent with earnings growth with a payout ratio of ~65%-70%, reaffirmed FY25 EPS guidance of $2.21-$2.33, and reiterated its EPS CAGR of 5%-7% over the 2025-2029 forecast period.