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Analysts’ Opinions Are Mixed on These Utilities Stocks: Algonquin Power & Utilities (AQN), Emera (EMA) and CMS Energy (CMS)

Tipranks - Tue May 12, 7:08AM CDT

Analysts have been eager to weigh in on the Utilities sector with new ratings on Algonquin Power & Utilities (AQN), Emera (EMA) and CMS Energy (CMS).

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Algonquin Power & Utilities (AQN)

TD Cowen analyst John Mould maintained a Hold rating on Algonquin Power & Utilities today and set a price target of $6.00. The company’s shares closed last Friday at $6.07.

According to TipRanks.com, Mould is a 4-star analyst with an average return of 15.2% and a 70.9% success rate. Mould covers the Utilities sector, focusing on stocks such as TransAlta, Fortis, and Emera. ;'>

Currently, the analyst consensus on Algonquin Power & Utilities is a Moderate Buy with an average price target of $6.82, implying a 7.7% upside from current levels. In a report issued on April 27, RBC Capital also maintained a Hold rating on the stock with a $6.50 price target.

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Emera (EMA)

In a report released today, Benjamin Pham from BMO Capital maintained a Buy rating on Emera, with a price target of $76.00. The company’s shares closed last Friday at $52.60.

According to TipRanks.com, Pham is a 5-star analyst with an average return of 10.1% and a 69.2% success rate. Pham covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, TransAlta, and Fortis. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Emera with a $55.11 average price target, a 3.9% upside from current levels. In a report issued on April 27, RBC Capital also maintained a Buy rating on the stock with a C$76.00 price target.

CMS Energy (CMS)

BMO Capital analyst James Thalacker reiterated a Buy rating on CMS Energy yesterday and set a price target of $82.00. The company’s shares closed last Friday at $72.61, close to its 52-week high of $75.06.

According to TipRanks.com, Thalacker is a 5-star analyst with an average return of 13.7% and a 69.8% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power. ;'>

Currently, the analyst consensus on CMS Energy is a Moderate Buy with an average price target of $82.67, representing a 12.3% upside. In a report issued on April 29, Barclays also maintained a Buy rating on the stock with a $79.00 price target.

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