Analysts have been eager to weigh in on the Utilities sector with new ratings on Nisource (NI), Frontera Energy (FECCF) and Fortis (FTS).
Nisource (NI)
In a report released today, James Thalacker from BMO Capital maintained a Buy rating on Nisource, with a price target of $28.00. The company’s shares closed last Thursday at $25.76, close to its 52-week high of $26.30.
According to TipRanks.com, Thalacker is a 2-star analyst with an average return of 2.8% and a 58.1% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Dominion Energy.
Currently, the analyst consensus on Nisource is a Strong Buy with an average price target of $27.67, a 6.7% upside from current levels. In a report released today, Wolfe Research also maintained a Buy rating on the stock with a $29.00 price target.
See today’s analyst top recommended stocks >>
Frontera Energy (FECCF)
In a report released today, Mike Murphy CFA from BMO Capital reiterated a Hold rating on Frontera Energy, with a price target of $8.00. The company’s shares closed last Thursday at $5.45, close to its 52-week high of $5.80.
According to TipRanks.com, CFA is a 1-star analyst with an average return of -5.4% and a 50.0% success rate. CFA covers the Utilities sector, focusing on stocks such as Advantage Oil & Gas, Gran Tierra Energy, and Parex Resources.
The word on The Street in general, suggests a Hold analyst consensus rating for Frontera Energy with a $7.67 average price target.
Fortis (FTS)
In a report released today, Benjamin Pham from BMO Capital maintained a Buy rating on Fortis, with a price target of $60.00. The company’s shares closed last Thursday at $44.82, close to its 52-week high of $44.96.
According to TipRanks.com, Pham is a 5-star analyst with an average return of 14.4% and a 79.8% success rate. Pham covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Northland Power, and AltaGas.
Currently, the analyst consensus on Fortis is a Moderate Buy with an average price target of $49.37.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
