OGE Energy price target raised to $52 from $47 at Argus

Argus raised the firm’s price target on OGE Energy (OGE) to $52 from $47 and keeps a Buy rating on the shares. The company has demonstrated steady EPS growth of about 5% with a similar forecast for the current year and the next, the analyst tells investors in a research note. Argus adds it is positive on OGE’s visible forward earning stream, strong cost controls, and well-run generation facilities, along with its relatively high dividend yield.