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Analysts Offer Insights on Utilities Companies: Edison International (EIX) and WEC Energy Group (WEC)

Tipranks - Tipranks - Thu May 7, 8:28AM CDT

Analysts have been eager to weigh in on the Utilities sector with new ratings on Edison International (EIX) and WEC Energy Group (WEC).

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Edison International (EIX)

UBS analyst Gregg Orrill maintained a Hold rating on Edison International today and set a price target of $78.00. The company’s shares closed last Tuesday at $68.87.

Orrill has an average return of 25.4% when recommending Edison International. ;'>

According to TipRanks.com, Orrill is ranked #4913 out of 12228 analysts.

Currently, the analyst consensus on Edison International is a Hold with an average price target of $75.36, implying a 9.1% upside from current levels. In a report issued on April 24, TipRanks – xAI also downgraded the stock to Hold with a $74.00 price target.

See today’s best-performing stocks on TipRanks >>

WEC Energy Group (WEC)

In a report released today, Andrew Weisel from Scotiabank maintained a Buy rating on WEC Energy Group, with a price target of $140.00. The company’s shares closed last Tuesday at $115.22.

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 Moderate Buy analyst consensus rating for WEC Energy Group with a $125.04 average price target, implying a 9.2% 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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