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Analysts Offer Insights on Utilities Companies: Nisource (NI) and Constellation Energy Corporation (CEG)

Tipranks - Tue Apr 14, 10:18AM CDT

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Nisource (NI) and Constellation Energy Corporation (CEG) with bullish sentiments.

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Nisource (NI)

Argus Research analyst Marie Ferguson maintained a Buy rating on Nisource on April 10 and set a price target of $52.00. The company’s shares closed last Monday at $47.62.

According to TipRanks.com, Ferguson is a 4-star analyst with an average return of 8.0% and a 68.1% success rate. Ferguson covers the Utilities sector, focusing on stocks such as American Electric Power, NextEra Energy, and Alliant Energy. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nisource with a $49.25 average price target, a 2.7% upside from current levels. In a report issued on March 31, KeyBanc also initiated coverage with a Buy rating on the stock with a $52.00 price target.

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Constellation Energy Corporation (CEG)

BMO Capital analyst James Thalacker reiterated a Buy rating on Constellation Energy Corporation today and set a price target of $386.00. The company’s shares closed last Monday at $284.75.

According to TipRanks.com, Thalacker is a top 100 analyst with an average return of 15.5% and a 74.7% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Pinnacle West Capital. ;'>

Currently, the analyst consensus on Constellation Energy Corporation is a Strong Buy with an average price target of $376.92, a 33.2% upside from current levels. In a report issued on March 30, Wells Fargo also maintained a Buy rating on the stock with a $450.00 price target.

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