Analysts’ rating changes
North Carolina–based Duke Energy (DUK) stock offers a potential upside of 5% for the next 12 months. SunTrust Robinson Humphrey cut DUK’s price target from $84.0 to $82.0 last week. Citigroup also cut DUK’s price target from $77.0 to $75.0.
Southern Company (SO), the second-largest regulated utility in the country, also received a target price change last week. Credit Suisse raised SO’s price target from $45.0 to $46.0 in the week, and Citigroup cut SO’s target price to $43.0 from $44.0. Based on analysts’ mean price target, SO offers a potential upside of more than 4% for the next year.
NRG Energy (NRG) stock continues to offer a fairly high upside potential of 8% going forward. It has rallied more than 132% in the trailing 12 months. Macquarie raised NRG’s price target from $35.5 to $38.0 on May 7.
FirstEnergy (FE) has a mean price target of $37.7, which implies an estimated upside of 11% going forward. Mizuho Securities raised FE’s rating from a “neutral” to a “buy” and raised its price target from $32.5 to $36.5 last week.
Exelon (EXC) also received a rating change last week. Analysts expect a 7% upside in EXC for the next year. RBC raised EXC’s price target from $43.0 to $45.0 on May 8.
You can read about top utilities’ total returns in Market Realist’s What’s in Store for US Utility Stocks?