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Analysts’ Opinions Are Mixed on These Utilities Stocks: Essential Utilities (WTRG) and Algonquin Power & Utilities (AQN)

Tipranks - Tue Apr 21, 7:06AM CDT

Analysts have been eager to weigh in on the Utilities sector with new ratings on Essential Utilities (WTRG) and Algonquin Power & Utilities (AQN).

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Essential Utilities (WTRG)

Barclays analyst Nicholas Campanella maintained a Sell rating on Essential Utilities today and set a price target of $38.00. The company’s shares closed last Friday at $39.00.

According to TipRanks.com, Campanella is a 5-star analyst with an average return of 12.5% and a 69.7% success rate. Campanella covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power. ;'>

Currently, the analyst consensus on Essential Utilities is a Hold with an average price target of $38.00.

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Algonquin Power & Utilities (AQN)

Barclays analyst Michael Lonegan maintained a Buy rating on Algonquin Power & Utilities today and set a price target of C$10.00. The company’s shares closed last Friday at $6.38, close to its 52-week high of $6.79.

According to TipRanks.com, Lonegan is a 4-star analyst with an average return of 8.3% and a 71.9% success rate. Lonegan covers the Utilities sector, focusing on stocks such as American Electric Power, Hawaiian Electric, and DTE Energy. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Algonquin Power & Utilities with a $6.79 average price target.

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