Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on PPL (PPL) and NextEra Energy (NEE).
PPL (PPL)
RBC Capital analyst Shelby Tucker maintained a Buy rating on PPL on May 11 and set a price target of $40.00. The company’s shares closed last Friday at $24.79.
According to TipRanks.com, Tucker is a 4-star analyst with an average return of 4.0% and a 60.4% success rate. Tucker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Nextera Energy Partners.
Currently, the analyst consensus on PPL is a Moderate Buy with an average price target of $35.17.
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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 $237.00. The company’s shares closed last Friday at $227.25.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 0.7% and a 54.2% 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 $259.88 average price target, a 13.0% upside from current levels. In a report released today, Barclays also maintained a Hold rating on the stock with a $272.00 price target.
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