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Wall Street Analysts Are Bullish on Top Utilities Picks

Tipranks - Thu Aug 6, 8:38AM CDT

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Duke Energy (DUK) and ONE Gas (OGS) with bullish sentiments.

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Duke Energy (DUK)

In a report released today, Andrew Weisel from Scotiabank maintained a Buy rating on Duke Energy, with a price target of $146.00. The company’s shares closed last Wednesday at $123.90.

According to TipRanks.com, Weisel is a 4-star analyst with an average return of 6.1% and a 62.2% success rate. Weisel covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, American Electric Power, and Centerpoint Energy. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Duke Energy with a $138.31 average price target, implying a 10.3% upside from current levels. In a report issued on July 23, KeyBanc also upgraded the stock to Buy with a $139.00 price target.

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ONE Gas (OGS)

In a report released today, Richard Sunderland from Truist Financial maintained a Buy rating on ONE Gas. The company’s shares closed last Wednesday at $78.23, close to its 52-week high of $78.89.

According to TipRanks.com, Sunderland is a 3-star analyst with an average return of 2.9% and a 47.9% success rate. Sunderland covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Pinnacle West Capital. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ONE Gas with a $89.00 average price target, which is a 14.6% upside from current levels. In a report released today, TipRanks – PerPlexity also upgraded the stock to Buy with a $87.00 price target.

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