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NEE, SO, DUK, and EXC: How Analysts Look at the Top Utilities

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Jan. 31 2018, Updated 9:02 a.m. ET

Analysts’ target prices

Let’s take a look at some top utilities (XLU) that received a target price change last week.

According to Wall Street analysts’ consensus, NextEra Energy (NEE), the biggest component of the S&P 500 Utilities, has a mean target price of $165.2. NextEra Energy has an estimated gain of 4% going forward. Currently, NextEra Energy is trading at $157.7.

Deutsche Bank raised NextEra Energy’s target price from $154.0 to $158.0 on January 29, 2018. Credit Suisse cut NextEra Energy’s target price to $168.0 from $173.0 on January 23, 2018.

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Duke Energy

Duke Energy (DUK) has a mean target price of $85.5—compared to its current market price of $78.8. Duke Energy has a potential gain of 8.5% going forward.

Credit Suisse cut Duke Energy’s target price from $91.0 to $83.0 on January 23, 2018. Credit Suisse raised Duke Energy’s rating from “neutral” to “outperform.”

Southern Company

Southern Company (SO) stock has a mean target price of $48.3, which indicates a potential upside of 9% going forward. Currently, Southern Company is trading at $44.3.

Credit Suisse cut Southern Company’s target price to $47.0 from $51.0 last week. Mizuho Securities also cut Southern Company’s target price from $52.0 to $44.5. Mizuho Securities cut Southern Company’s outlook from “buy” to “neutral” on January 23, 2018.

Exelon

The largest utility by revenue, Exelon (EXC) stock has a mean target price of $43.0—compared to its current market price of $38.9. Exelon has a potential gain of 11% in a year.

Credit Suisse cut the target price on Exelon stock from $43.0 to $42.0 on January 23, 2018. Mizuho Securities raised Exelon’s rating from “underperform” to “neutral.” Mizuho Securities raised Exelon’s target price from $36.0 to $40.0 last week.

To learn more, read These 5 S&P 500 Utilities Offer Highest Dividend Yields.

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