UPDATE: Jefferies Reiterates Hold Rating, Raises PT on OGE Energy Corp. on Increased 2013-15 Estimates

In a report published Monday, Jefferies analyst Paul B. Fremont reiterated a Hold rating on OGE Energy Corp.

, and raised the price target from $68.50 to $72.00. In the report, Fremont noted, “After a better understanding of CNP's field services business we increased our 2013-15 estimates. Additionally we believe the Enogex properties present a tremendous growth opportunity and anticipate an increase of potential capex opportunities. While the greater capex will provide higher IDRs we believe the benefit is already priced into OGE shares.” OGE Energy Corp. closed on Friday at $71.15.