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Analysts Offer Insights on Utilities Companies: Constellation Energy Corporation (CEG) and Eversource Energy (ES)

Tipranks - Thu Apr 2, 6:10AM CDT

Analysts have been eager to weigh in on the Utilities sector with new ratings on Constellation Energy Corporation (CEG) and Eversource Energy (ES).

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Constellation Energy Corporation (CEG)

In a report released today, Sophie Karp from KeyBanc maintained a Buy rating on Constellation Energy Corporation, with a price target of $321.00. The company’s shares closed last Tuesday at $279.25.

According to TipRanks.com, Karp is a 4-star analyst with an average return of 5.0% and a 54.7% success rate. Karp covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Consolidated Edison, and Centerpoint Energy. ;'>

Currently, the analyst consensus on Constellation Energy Corporation is a Strong Buy with an average price target of $380.30, representing a 38.3% upside. In a report issued on March 26, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $385.00 price target.

See the top stocks recommended by analysts >>

Eversource Energy (ES)

In a report released today, Anthony Crowdell from Mizuho Securities maintained a Hold rating on Eversource Energy, with a price target of $70.00. The company’s shares closed last Tuesday at $69.28.

According to TipRanks.com, Crowdell is a 5-star analyst with an average return of 7.6% and a 72.5% success rate. Crowdell covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Brookfield Renewable Partners, and American Electric Power. ;'>

Eversource Energy has an analyst consensus of Hold, with a price target consensus of $72.10, a 4.8% upside from current levels. In a report released today, TipRanks – PerPlexity also downgraded the stock to Hold with a $75.00 price target.

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