.jpg "Sempra Energy (NYSE: SRE)")
Analysts have been eager to weigh in on the Utilities sector with new ratings on Sempra Energy (NYSE: SRE) and PG&E Corp (NYSE: PCG).
Sempra Energy (NYSE: SRE)
In a report released yesterday, Julien Dumoulin Smith from Merrill Lynch maintained a Hold rating on Sempra Energy (NYSE: SRE), with a price target of $118. The company’s shares opened today at $117.23.
According to TipRanks.com, Smith is a 4-star analyst with an average return of 4.6% and a 64.0% success rate. Smith covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, El Paso Electric Company, and Nextera Energy Partners.
Currently, the analyst consensus on Sempra Energy is Moderate Buy and the average price target is $121, representing a 3.2% upside.
In a report issued on June 11, Wells Fargo also downgraded the stock to Hold with a $123 price target.
See today’s analyst top recommended stocks >>
PG&E Corp (NYSE: PCG)
Morgan Stanley analyst Stephen Byrd maintained a Buy rating on PG&E Corp (NYSE: PCG) today and set a price target of $58. The company’s shares opened today at $39.35, close to its 52-week low of $37.30.
According to TipRanks.com, Byrd is a 1-star analyst with an average return of -1.1% and a 49.4% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Eversource Energy.
PG&E Corp has an analyst consensus of Hold, with a price target consensus of $49.50.
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