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NEE, SO, DUK, D: Where Top SPX Utility Stocks Might Go


Nov. 20 2020, Updated 5:17 p.m. ET

Top utilities’ target prices

According to Wall Street analysts’ consensus, renewables giant NextEra Energy (NEE) has an estimated gain of ~6%—compared to its mean target price of $155.57. Currently, it’s trading at $147.47.

NextEra Energy stock is the top performer among the top utility stocks. It has risen more than 21% in the past year. In comparison, the Utilities Select Sector EPDR ETF (XLU) rose 10% during the same period.

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Southern Company

Southern Company (SO) stock grappled with its power plant woes and trended upwards recently due to its relatively attractive valuation. It has a mean target price of $51.38—compared to its current market price of $49.59. It implies a potential gain of 4%.

Apart from its discounted valuation, the federal loan guarantees that Southern Company received for its Vogtle nuclear power plant might have also lifted its stock.

Duke Energy (DUK), the largest regulated utility, has a mean target price of $85.93—compared to its current market price of $84.64. It indicates an expected rise of 2% going forward.

According to Wall Street analysts, Dominion Energy (D) has a mean target price of $80.38. Currently, it’s trading at $76.8. Dominion Energy offers an implied gain of 5%.

If you’re looking for SPX Utilities with attractive potential upsides, read These SPX Utilities Could Gain You More than 10% from Here.

To learn more about top utility stocks (VPU), read Analysts’ Top 5 Favorite S&P 500 Utilities Stocks.


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