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Analysts Conflicted on These Utilities Names: Public Service Enterprise (PEG) and WEC Energy Group (WEC)

Tipranks - Thu May 7, 6:52AM CDT

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Public Service Enterprise (PEG) and WEC Energy Group (WEC).

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Public Service Enterprise (PEG)

In a report released today, Sophie Karp from KeyBanc maintained a Hold rating on Public Service Enterprise. The company’s shares closed last Tuesday at $79.73.

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, Pinnacle West Capital, and Consolidated Edison. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Public Service Enterprise with a $91.18 average price target, implying a 12.5% upside from current levels. In a report released yesterday, TipRanks – PerPlexity also downgraded the stock to Hold with a $88.00 price target.

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WEC Energy Group (WEC)

In a report released today, Alex Kania from BTIG maintained a Buy rating on WEC Energy Group, with a price target of $135.00. The company’s shares closed last Tuesday at $115.22.

According to TipRanks.com, Kania is a 3-star analyst with an average return of 4.9% and a 67.5% success rate. Kania covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Chesapeake Utilities, and Dominion Energy. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for WEC Energy Group with a $124.27 average price target, which is an 8.5% 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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