Wells Fargo Initiates Coverage On OGE Energy With An Outperform Rating

Wells Fargo is initiating coverage on shares of OGE Energy Corporation (NYSE: OGE) with an Outperform rating and a $48-50 valuation.

“Our 2010-2012 estimates are $3.03, $3.09 and $3.55 respectively,” Wells Fargo writes.

OGE Energy closed Friday at $45.08.