There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on NextEra Energy (NEE – Research Report) and Nisource (NI – Research Report) with bullish sentiments.
NextEra Energy (NEE)
J.P. Morgan analyst Jeremy Tonet maintained a Buy rating on NextEra Energy on July 12 and set a price target of $91.00. The company’s shares closed last Friday at $76.00, close to its 52-week high of $80.47.
According to TipRanks.com, Tonet is a 5-star analyst with an average return of 6.3% and a 58.1% success rate. Tonet covers the NA sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Enterprise Products Partners, and Kodiak Gas Services, Inc.
Currently, the analyst consensus on NextEra Energy is a Moderate Buy with an average price target of $78.29, implying a 4.4% upside from current levels. In a report issued on June 27, Citi also reiterated a Buy rating on the stock with a $84.00 price target.
See today’s best-performing stocks on TipRanks >>
Nisource (NI)
Barclays analyst Nicholas Campanella maintained a Buy rating on Nisource today and set a price target of $34.00. The company’s shares closed last Friday at $30.07.
According to TipRanks.com, Campanella is a 4-star analyst with an average return of 6.2% and a 66.7% success rate. Campanella covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Pinnacle West Capital.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nisource with a $31.57 average price target, which is a 5.7% upside from current levels. In a report issued on July 10, Mizuho Securities also initiated coverage with a Buy rating on the stock with a $33.00 price target.
Read More on NEE: