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Analysts Offer Insights on Utilities Companies: NextEra Energy (NEE) and Edison International (EIX)

Tipranks - Sat Aug 1, 8:54AM CDT

Analysts have been eager to weigh in on the Utilities sector with new ratings on NextEra Energy (NEE) and Edison International (EIX).

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NextEra Energy (NEE)

In a report released yesterday, Marie Ferguson from Argus Research maintained a Buy rating on NextEra Energy, with a price target of $102.00. The company’s shares closed last Friday at $87.17.

According to TipRanks.com, Ferguson is a 4-star analyst with an average return of 6.8% and a 65.0% success rate. Ferguson covers the Utilities sector, focusing on stocks such as American Electric Power, Edison International, and Consolidated Edison. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for NextEra Energy with a $104.00 average price target, which is a 18.3% upside from current levels. In a report issued on July 23, BTIG also maintained a Buy rating on the stock with a $112.00 price target.

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Edison International (EIX)

Truist Financial analyst Richard Sunderland maintained a Hold rating on Edison International today. The company’s shares closed last Friday at $75.74.

According to TipRanks.com, Sunderland is a 3-star analyst with an average return of 3.1% and a 51.9% 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 Hold analyst consensus rating for Edison International with a $78.71 average price target, representing a 0.0% downside. In a report released today, Barclays also downgraded the stock to Hold with a $75.00 price target.

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