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Wall Street Analysts Are Bullish on Top Utilities Picks

Tipranks - Tipranks - Fri Apr 24, 11:06AM CDT

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on NextEra Energy (NEE) and Nisource (NI) with bullish sentiments.

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NextEra Energy (NEE)

In a report released today, Nicholas Amicucci from Evercore ISI maintained a Buy rating on NextEra Energy. The company’s shares closed last Thursday at $96.00.

According to TipRanks.com, Amicucci is a 4-star analyst with an average return of 8.9% and a 50.7% success rate. Amicucci covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Consolidated Edison. ;'>

NextEra Energy has an analyst consensus of Moderate Buy, with a price target consensus of $97.54, which is a 5.3% upside from current levels. In a report issued on April 21, Morgan Stanley also maintained a Buy rating on the stock with a $107.00 price target.

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Nisource (NI)

Mizuho Securities analyst Gabe Moreen maintained a Buy rating on Nisource today and set a price target of $52.00. The company’s shares closed last Thursday at $47.87.

According to TipRanks.com, Moreen is a top 100 analyst with an average return of 16.2% and a 79.6% success rate. Moreen covers the NA sector, focusing on stocks such as ARKO Petroleum Corp. Class A, Enterprise Products Partners, and Targa Resources. ;'>

Currently, the analyst consensus on Nisource is a Strong Buy with an average price target of $50.90, which is a 7.9% upside from current levels. In a report issued on April 10, Argus Research also maintained a Buy rating on the stock with a $52.00 price target.

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