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Analysts’ Opinions Are Mixed on These Utilities Stocks: Nisource (NI), Fortis (FTS) and Talen Energy Corp (TLN)

Tipranks - Fri May 8, 7:24AM CDT

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Nisource (NI), Fortis (FTS) and Talen Energy Corp (TLN).

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Nisource (NI)

In a report released today, James Thalacker from BMO Capital reiterated a Buy rating on Nisource, with a price target of $51.00. The company’s shares closed last Wednesday at $47.51.

According to TipRanks.com, Thalacker is a 5-star analyst with an average return of 14.6% and a 74.4% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power. ;'>

Nisource has an analyst consensus of Strong Buy, with a price target consensus of $51.27, implying a 6.1% upside from current levels. In a report released yesterday, TipRanks – xAI also upgraded the stock to Buy with a $54.00 price target.

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Fortis (FTS)

In a report issued on May 5, Julien Dumoulin Smith from Jefferies maintained a Hold rating on Fortis, with a price target of C$79.00. The company’s shares closed last Wednesday at $56.13.

According to TipRanks.com, Smith is a 5-star analyst with an average return of 11.7% and a 64.7% success rate. Smith covers the Utilities sector, focusing on stocks such as American Electric Power, Centerpoint Energy, and Dominion Energy. ;'>

Currently, the analyst consensus on Fortis is a Hold with an average price target of $59.55, representing a 4.3% upside. In a report issued on April 27, RBC Capital also maintained a Hold rating on the stock with a C$80.00 price target.

Talen Energy Corp (TLN)

Oppenheimer analyst Ian Zaffino maintained a Buy rating on Talen Energy Corp today and set a price target of $440.00. The company’s shares closed last Wednesday at $409.99.

According to TipRanks.com, Zaffino is a 5-star analyst with an average return of 8.8% and a 52.3% success rate. Zaffino covers the Industrial Goods sector, focusing on stocks such as Everus Construction Group, Inc., Resideo Technologies, and ARAMARK Holdings. ;'>

Talen Energy Corp has an analyst consensus of Strong Buy, with a price target consensus of $448.30, representing an 11.9% upside. In a report issued on April 27, Raymond James also maintained a Buy rating on the stock with a $457.00 price target.

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