Analyst price targets
Below, we’ll take a look at the S&P 500’s utility stocks (XLU) that received target price changes from Wall Street analysts last week.
According to the Wall Street analyst consensus, Duke Energy (DUK) has a mean price target of $88.2, compared with its current market price of $84.1. This indicates an implied gain of nearly 5% in a year.
Notably, SunTrust Robinson cut Duke Energy’s price target from $88.0 to $83.0 last week.
Georgia-based Southern Company (SO), has a potential gain of 7% going forward, compared with its current market price of $48.1. It has a mean price target of $51.5. SunTrust Robinson cut Southern Company’s price target to $50.0 from $53.0 last week. Mizuho Securities also trimmed down its target price from $55.0 to $52.0.
PPL Corporation (PPL) has a mean price target of $37.7, compared with its current market price of $31.0. This indicates a gain potential of $22% over the next 12 months. SunTrust Robinson cut PPL’s price target from $43.0 to $42.0 on December 26, 2017.
One of the largest regulated utilities, Xcel Energy (XEL) has a mean price target of $50.2, which implies an estimated upside of more than 4% over the next year. XEL is now trading at $48.1. Xcel Energy’s price target was cut by SunTrust Robinsons to $44.0 from $48.0 last week.
Wall Street analysts have given CenterPoint Energy (CNP) a mean price target of $28.9, compared with its current market price of $28.4. This shows an implied gain of nearly 2% going forward. SunTrust Robinson cut CNP’s price target to $28.0 from $30.0 on December 26, 2017.
For more, check out How the Largest S&P 500 Utilities Are Placed ahead of 2018