There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on NextEra Energy Inc (NEE) and Xcel Energy Inc (XEL) with bullish sentiments.
NextEra Energy Inc (NEE)
Argus Research analyst Jacob Kilstein maintained a Buy rating on NextEra Energy Inc today and set a price target of $190. The company’s shares opened today at $168.19.
According to TipRanks.com, Kilstein is a 4-star analyst with an average return of 5.2% and a 63.8% success rate. Kilstein covers the Financial sector, focusing on stocks such as American International Group, Equity Residential, and Boston Properties.
Currently, the analyst consensus on NextEra Energy Inc is a Strong Buy with an average price target of $188, implying an 11.8% upside from current levels. In a report issued on October 22, Mizuho Securities also reiterated a Buy rating on the stock with a $178 price target.
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Xcel Energy Inc (XEL)
In a report released today, Gary Hovis from Argus Research maintained a Buy rating on Xcel Energy Inc, with a price target of $57. The company’s shares opened today at $47.85.
Hovis has an average return of 15.2% when recommending Xcel Energy Inc.
According to TipRanks.com, Hovis is ranked #537 out of 4900 analysts.
Currently, the analyst consensus on Xcel Energy Inc is a Moderate Buy with an average price target of $51.
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