Analysts Offer Insights on Utilities Companies: DTE Energy (DTE) and NRG Energy (NRG)
There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on DTE Energy (DTE – Research Report) and NRG Energy (NRG – Research Report) with bullish sentiments.
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DTE Energy (DTE)
Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on DTE Energy on December 19 and set a price target of $157.00. The company’s shares closed last Monday at $127.72.
According to TipRanks.com, Pourreza is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DTE Energy with a $149.80 average price target, a 18.2% upside from current levels. In a report issued on December 11, Jefferies also upgraded the stock to Buy with a $150.00 price target.
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NRG Energy (NRG)
In a report issued on December 18, Neil Kalton from Wells Fargo maintained a Buy rating on NRG Energy, with a price target of $240.00. The company’s shares closed last Monday at $156.49.
Kalton has an average return of
According to TipRanks.com, Kalton is ranked #453 out of 10201 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for NRG Energy with a $200.67 average price target, implying a 26.9% upside from current levels. In a report issued on December 10, UBS also initiated coverage with a Buy rating on the stock with a $211.00 price target.
