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Analysts Offer Insights on Utilities Companies: American Electric Power (AEP) and Essential Utilities (WTRG)

Tipranks - Tue Mar 24, 9:10AM CDT

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on American Electric Power (AEP) and Essential Utilities (WTRG) with bullish sentiments.

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American Electric Power (AEP)

According to TipRanks.com, Arcaro is a 5-star analyst with an average return of 14.7% and a 68.1% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Pinnacle West Capital, and Edison International. ;'>

Currently, the analyst consensus on American Electric Power is a Moderate Buy with an average price target of $138.50.

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Essential Utilities (WTRG)

Argus Research analyst John Eade maintained a Buy rating on Essential Utilities on March 20. The company’s shares closed last Monday at $40.12.

According to TipRanks.com, Eade is a 5-star analyst with an average return of 14.1% and a 65.3% success rate. Eade covers the Industrial Goods sector, focusing on stocks such as Trane Technologies, ManpowerGroup, and Equifax. ;'>

Currently, the analyst consensus on Essential Utilities is a Hold with an average price target of $38.00, which is a -5.1% downside from current levels. In a report issued on March 10, TipRanks – OpenAI also upgraded the stock to Buy with a $45.00 price target.

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