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Analysts Have Conflicting Sentiments on These Utilities Companies: Evergy (EVRG), Fortis (FTS) and Clearway Energy (CWEN)

Tipranks - Sat May 9, 7:41AM CDT

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Evergy (EVRG), Fortis (FTS) and Clearway Energy (CWEN).

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Evergy (EVRG)

BTIG analyst Alex Kania maintained a Buy rating on Evergy yesterday and set a price target of $99.00. The company’s shares closed last Thursday at $82.73.

According to TipRanks.com, Kania is a 3-star analyst with an average return of 3.3% and a 55.4% success rate. Kania covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Chesapeake Utilities, and WEC Energy Group. ;'>

Currently, the analyst consensus on Evergy is a Moderate Buy with an average price target of $90.50, which is an 11.2% upside from current levels. In a report issued on April 22, BMO Capital also maintained a Buy rating on the stock with a $88.00 price target.

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Fortis (FTS)

RBC Capital analyst Maurice Choy maintained a Hold rating on Fortis yesterday and set a price target of C$80.00. The company’s shares closed last Thursday at $56.14.

According to TipRanks.com, Choy is a 5-star analyst with an average return of 16.3% and a 78.6% success rate. Choy covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, TransAlta, and Emera. ;'>

Fortis has an analyst consensus of Hold, with a price target consensus of $57.67, representing a 3.1% upside. In a report issued on May 5, Jefferies also maintained a Hold rating on the stock with a C$79.00 price target.

Clearway Energy (CWEN)

RBC Capital analyst Nelson Ng reiterated a Buy rating on Clearway Energy today and set a price target of $42.00. The company’s shares closed last Thursday at $38.14.

According to TipRanks.com, Ng is a 5-star analyst with an average return of 11.6% and a 63.1% success rate. Ng covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Algonquin Power & Utilities, and XPLR Infrastructure. ;'>

Currently, the analyst consensus on Clearway Energy is a Strong Buy with an average price target of $43.57, representing a 13.2% upside. In a report released today, TipRanks – Google also reiterated a Buy rating on the stock with a $43.00 price target.

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