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Analysts Offer Insights on Utilities Companies: Algonquin Power & Utilities (AQN) and Duke Energy (DUK)

Tipranks - Tipranks - Tue May 12, 11:40AM CDT

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Algonquin Power & Utilities (AQN) and Duke Energy (DUK).

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Algonquin Power & Utilities (AQN)

In a report released today, Mark Jarvi from CIBC maintained a Hold rating on Algonquin Power & Utilities, with a price target of $6.50. The company’s shares closed last Monday at $6.00.

According to TipRanks.com, Jarvi is a 5-star analyst with an average return of 13.6% and a 69.7% success rate. Jarvi covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, XPLR Infrastructure, and Northland Power. ;'>

Algonquin Power & Utilities has an analyst consensus of Moderate Buy, with a price target consensus of $6.82, an 11.8% upside from current levels. In a report released today, BMO Capital also maintained a Hold rating on the stock with a $6.50 price target.

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Duke Energy (DUK)

Argus Research analyst Marie Ferguson maintained a Buy rating on Duke Energy on May 7. The company’s shares closed last Monday at $124.61.

According to TipRanks.com, Ferguson is a 4-star analyst with an average return of 6.9% and a 59.6% success rate. Ferguson covers the Utilities sector, focusing on stocks such as American Electric Power, Pinnacle West Capital, and Alliant Energy. ;'>

Duke Energy has an analyst consensus of Moderate Buy, with a price target consensus of $140.07, which is a 12.5% upside from current levels. In a report issued on May 5, TipRanks – xAI also upgraded the stock to Buy with a $143.00 price target.

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