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Analysts Offer Insights on Utilities Companies: FirstEnergy (FE) and PG&E (PCG)

Tipranks - Wed May 27, 6:36AM CDT

Analysts have been eager to weigh in on the Utilities sector with new ratings on FirstEnergy (FE) and PG&E (PCG).

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FirstEnergy (FE)

In a report released today, Ross Fowler from Bank of America Securities maintained a Hold rating on FirstEnergy, with a price target of $53.00. The company’s shares closed last Friday at $46.31.

According to TipRanks.com, Fowler is a 5-star analyst with an average return of 7.2% and a 63.7% success rate. Fowler covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power. ;'>

Currently, the analyst consensus on FirstEnergy is a Moderate Buy with an average price target of $52.15, which is a 14.6% upside from current levels. In a report issued on May 21, TipRanks – Google also downgraded the stock to Hold with a $49.00 price target.

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PG&E (PCG)

In a report released today, Gregg Orrill from UBS maintained a Buy rating on PG&E, with a price target of $22.00. The company’s shares closed last Friday at $16.49.

According to TipRanks.com, Orrill is a 3-star analyst with an average return of 2.7% and a 63.5% success rate. Orrill covers the Utilities sector, focusing on stocks such as Edison International, Essential Utilities, and American Water. ;'>

Currently, the analyst consensus on PG&E is a Strong Buy with an average price target of $22.92, which is a 39.6% upside from current levels. In a report issued on May 15, J.P. Morgan also maintained a Buy rating on the stock with a $23.00 price target.

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