Analysts have been eager to weigh in on the Utilities sector with new ratings on NextEra Energy (NEE), Consolidated Edison (ED) and Northwestern (NWE).
NextEra Energy (NEE)
In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on NextEra Energy, with a price target of $263.00. The company’s shares closed last Tuesday at $302.27, close to its 52-week high of $308.06.
According to TipRanks.com, Byrd is a 4-star analyst with an average return of 4.8% and a 56.5% success rate. Byrd covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Public Service Enterprise, and American Electric Power.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NextEra Energy with a $279.15 average price target, which is a -7.3% downside from current levels. In a report released yesterday, Credit Suisse also maintained a Hold rating on the stock with a $69.00 price target.
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Consolidated Edison (ED)
In a report released today, David Arcaro from Morgan Stanley maintained a Sell rating on Consolidated Edison, with a price target of $79.00. The company’s shares closed last Tuesday at $80.37.
According to TipRanks.com, Arcaro is ranked #4926 out of 7009 analysts.
Currently, the analyst consensus on Consolidated Edison is a Hold with an average price target of $77.50, representing a -3.1% downside. In a report released yesterday, Goldman Sachs also downgraded the stock to Sell with a $78.00 price target.
Northwestern (NWE)
Credit Suisse analyst Michael Weinstein W. maintained a Hold rating on Northwestern today and set a price target of $62.00. The company’s shares closed last Tuesday at $51.13.
According to TipRanks.com, W. is a 5-star analyst with an average return of 36.1% and a 60.9% success rate. W. covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Pinnacle West Capital, and Consolidated Edison.
Northwestern has an analyst consensus of Moderate Buy, with a price target consensus of $61.50.
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