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Analysts Have Conflicting Sentiments on These Utilities Companies: WEC Energy Group (WEC), Enlight Renewable Energy (ENLT) and Avista (AVA)

Tipranks - Thu May 7, 3:40AM CDT

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on WEC Energy Group (WEC), Enlight Renewable Energy (ENLT) and Avista (AVA).

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WEC Energy Group (WEC)

KeyBanc analyst Sophie Karp maintained a Buy rating on WEC Energy Group today. The company’s shares closed last Tuesday at $115.22.

According to TipRanks.com, Karp is a 4-star analyst with an average return of 5.2% and a 55.8% success rate. Karp covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and Pinnacle West Capital. ;'>

Currently, the analyst consensus on WEC Energy Group is a Hold with an average price target of $123.38, a 7.7% upside from current levels. In a report issued on April 21, Wells Fargo also maintained a Buy rating on the stock with a $127.00 price target.

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Enlight Renewable Energy (ENLT)

Barclays analyst Christine Cho CFA maintained a Buy rating on Enlight Renewable Energy today and set a price target of $83.00. The company’s shares closed last Tuesday at $90.70.

CFA has an average return of 111.3% when recommending Enlight Renewable Energy. ;'>

According to TipRanks.com, CFA is ranked #5144 out of 12228 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Enlight Renewable Energy with a $69.87 average price target, representing a -23.8% downside. In a report issued on April 25, TipRanks – xAI also upgraded the stock to Buy with a price target.

Avista (AVA)

In a report released today, Michael Lonegan from Barclays maintained a Hold rating on Avista, with a price target of $40.00. The company’s shares closed last Tuesday at $40.93, close to its 52-week high of $41.01.

According to TipRanks.com, Lonegan is a 4-star analyst with an average return of 7.9% and a 69.0% success rate. Lonegan covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, American Electric Power, and Hawaiian Electric. ;'>

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Avista with a $39.00 average price target, implying a -4.9% downside from current levels. In a report issued on April 21, Wells Fargo also maintained a Hold rating on the stock with a $39.00 price target.

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