Analysts have been eager to weigh in on the Utilities sector with new ratings on California Water Service (CWT), Dominion Resources (D) and Exelon (EXC).
California Water Service (CWT)
In a report released yesterday, Jonathan Reeder from Wells Fargo maintained a Hold rating on California Water Service. The company’s shares closed on Friday at $50.20.
According to TipRanks.com, Reeder is a 3-star analyst with an average return of 11.6% and a 80.0% success rate. Reeder covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., American States Water Company, and Pnm Resources Inc.
California Water Service has an analyst consensus of Hold.
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Dominion Resources (D)
In a report released yesterday, Sarah Akers from Wells Fargo maintained a Hold rating on Dominion Resources. The company’s shares closed on Friday at $75.79, close to its 52-week high of $78.31.
According to TipRanks.com, Akers is a 4-star analyst with an average return of 12.3% and a 93.8% success rate. Akers covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Chesapeake Utilities Corp, and Southwest Gas Corp.
Dominion Resources has an analyst consensus of Hold, with a price target consensus of $78.33, which is a 3.4% upside from current levels. In a report issued on June 4, KeyBanc also initiated coverage with a Hold rating on the stock.
Exelon (EXC)
Wells Fargo analyst Neil Kalton maintained a Buy rating on Exelon yesterday. The company’s shares closed on Friday at $49.95, close to its 52-week high of $51.18.
According to TipRanks.com, Kalton is a 4-star analyst with an average return of 7.4% and a 73.9% success rate. Kalton covers the Utilities sector, focusing on stocks such as Edison International, NextEra Energy Inc, and Sempra Energy.
Exelon has an analyst consensus of Moderate Buy, with a price target consensus of $52.80, representing a 5.7% upside. In a report issued on June 6, Goldman Sachs also upgraded the stock to Buy with a $52 price target.
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