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Analysts Offer Insights on Utilities Companies: Fortis (FTS) and Waterbridge Infrastructure LLC Class A (WBI)

Tipranks - Sat Apr 18, 7:36AM CDT

Analysts have been eager to weigh in on the Utilities sector with new ratings on Fortis (FTS) and Waterbridge Infrastructure LLC Class A (WBI).

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Fortis (FTS)

In a report released today, Benjamin Pham from BMO Capital reiterated a Hold rating on Fortis, with a price target of $77.00. The company’s shares closed last Thursday at $56.82.

According to TipRanks.com, Pham is a 5-star analyst with an average return of 10.4% and a 69.5% success rate. Pham covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, TransAlta, and Emera. ;'>

Fortis has an analyst consensus of Hold, with a price target consensus of $57.85.

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Waterbridge Infrastructure LLC Class A (WBI)

In a report released today, Selman Akyol from Stifel Nicolaus maintained a Buy rating on Waterbridge Infrastructure LLC Class A, with a price target of $30.00. The company’s shares closed last Thursday at $26.50.

According to TipRanks.com, Akyol is a 5-star analyst with an average return of 14.4% and a 71.8% success rate. Akyol covers the NA sector, focusing on stocks such as Enterprise Products Partners, ARKO Petroleum Corp. Class A, and Western Midstream Partners. ;'>

Waterbridge Infrastructure LLC Class A has an analyst consensus of Moderate Buy, with a price target consensus of $29.50, which is an 11.4% upside from current levels. In a report issued on April 14, Barclays also assigned a Buy rating to the stock with a $29.00 price target.

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