UPDATE: Wunderlich Securities Ups PT to $55 on OGE Energy

Wunderlich Securities raises its price target on Hold-rated OGE Energy OGE to $55 from $49 following an inline Q4. Wunderlich Securities says, "OGE Energy (OGE) reported 4Q EPS of $0.37 versus $0.31 a year ago (our/consensus estimate was $0.37/$0.35). EPS were driven by solid utility results, partially offset by modestly lower Enogex EPS. OGE did not provide 2012 consolidated EPS guidance, pending the decision in the Oklahoma rate case (expected in March), but did confirm Enogex EPS guidance of $0.80-$0.95 and suggested holding company expenses of $0.02-$0.04/share. We are maintaining our 2012 EPS estimate of $3.50, but see more upside than downside currently." OGE closed at $53.36 a share on Thursday.