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Analysts’ Opinions Are Mixed on These Utilities Stocks: NRG Energy (NRG) and Public Service Enterprise (PEG)

Tipranks - Fri May 8, 9:00AM CDT

Analysts have been eager to weigh in on the Utilities sector with new ratings on NRG Energy (NRG) and Public Service Enterprise (PEG).

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NRG Energy (NRG)

Scotiabank analyst Andrew Weisel maintained a Buy rating on NRG Energy today and set a price target of $223.00. The company’s shares closed last Thursday at $147.91.

According to TipRanks.com, Weisel is a 5-star analyst with an average return of 9.0% and a 73.0% success rate. Weisel covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for NRG Energy with a $199.40 average price target, representing a 32.2% upside. In a report issued on April 22, TipRanks – Google also upgraded the stock to Buy with a $166.00 price target.

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Public Service Enterprise (PEG)

In a report released today, Richard Sunderland from Truist Financial maintained a Hold rating on Public Service Enterprise. The company’s shares closed last Thursday at $78.20.

According to TipRanks.com, Sunderland is a 4-star analyst with an average return of 4.6% and a 57.6% success rate. Sunderland covers the Utilities sector, focusing on stocks such as American Electric Power, Pinnacle West Capital, and Edison International. ;'>

Public Service Enterprise has an analyst consensus of Moderate Buy, with a price target consensus of $91.19, implying a 15.5% upside from current levels. In a report issued on May 5, TipRanks – PerPlexity also downgraded the stock to Hold with a $88.00 price target.

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