October 28, 2024October 28, 2024

Analysts Are Bullish on These Utilities Stocks: NextEra Energy (NEE), PPL (PPL)

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There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on NextEra Energy (NEE – Research Report) and PPL (PPL – Research Report) with bullish sentiments.

NextEra Energy (NEE)

Wells Fargo analyst Neil Kalton maintained a Buy rating on NextEra Energy on October 23 and set a price target of $102.00. The company’s shares closed last Thursday at $82.81, close to its 52-week high of $86.10.

According to TipRanks.com, Kalton is a 5-star analyst with an average return of 10.1% and a 67.9% success rate. Kalton covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Algonquin Power & Utilities, and Public Service Enterprise.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NextEra Energy with a $88.46 average price target, which is a 5.3% upside from current levels. In a report issued on October 17, J.P. Morgan also maintained a Buy rating on the stock with a $99.00 price target.

See the top stocks recommended by analysts >>

PPL (PPL)

In a report released yesterday, Shelby Tucker from RBC Capital maintained a Buy rating on PPL, with a price target of $36.00. The company’s shares closed last Thursday at $32.87, close to its 52-week high of $33.39.

According to TipRanks.com, Tucker is a top 100 analyst with an average return of 11.5% and a 71.9% success rate. Tucker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and Nextera Energy Partners.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for PPL with a $37.75 average price target, a 14.2% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $36.00 price target.

Read More on NEE:

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