Wells Fargo Downgrades OGE Energy to 'Underweight' with Reduced Price Target to $39

Wells Fargo downgraded OGE Energy Corp. (NYSE:OGE) to 'Underweight' from 'Equal Weight' with a price target of $39, citing limited relative upside despite solid fundamentals and constructive regulatory outlook. Barclays maintained 'Overweight' rating with a revised price target of $49. The stock has a 3.89% annual dividend yield and was included in the Dividend Contenders List.