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Analysts Offer Insights on Utilities Companies: Duke Energy (DUK) and Public Service Enterprise (PEG)

Tipranks - Thu Aug 6, 11:50AM CDT

Analysts have been eager to weigh in on the Utilities sector with new ratings on Duke Energy (DUK) and Public Service Enterprise (PEG).

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Duke Energy (DUK)

In a report released today, Richard Sunderland from Truist Financial maintained a Buy rating on Duke Energy. The company’s shares closed last Wednesday at $122.85.

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. ;'>

Currently, the analyst consensus on Duke Energy is a Moderate Buy with an average price target of $138.31, representing an 11.2% upside. In a report issued on July 23, KeyBanc also upgraded the stock to Buy with a $139.00 price target.

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Public Service Enterprise (PEG)

Goldman Sachs analyst Carly Davenport maintained a Hold rating on Public Service Enterprise yesterday and set a price target of $86.00. The company’s shares closed last Wednesday at $75.23.

According to TipRanks.com, Davenport is a 3-star analyst with an average return of 1.8% and a 53.1% success rate. Davenport covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, American Electric Power, and Edison International. ;'>

Currently, the analyst consensus on Public Service Enterprise is a Moderate Buy with an average price target of $85.80, representing a 12.7% upside. In a report released today, TipRanks – PerPlexity also downgraded the stock to Hold with a $83.00 price target.

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