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Top Utility Stocks: Analysts’ Recommendations

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Aug. 18 2020, Updated 5:17 a.m. ET

Analysts’ recommendations

The biggest constituent of the S&P 500 Utilities Index, NextEra Energy (NEE) stock has a potential upside of 3.7% going forward. NextEra Energy has a mean target price of $170.4. Currently, NextEra Energy is trading at $164.3. UBS cut NextEra Energy’s target price from $185 to $178 last week.

Duke Energy (DUK) stock offers a potential upside of 6.1% for the next 12 months. Duke Energy has a mean target price of $82.1. Currently, Duke Energy is trading at $77.4. UBS cut Duke Energy’s target price from $90 to $86 on June 18.

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The above chart shows how Wall Street analysts rate the top utility stocks.

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Southern Company

Southern Company (SO), the second-largest regulated utility in the country, has a mean target price of $46.2—compared to its current market price of $45.8, which implies 0.8% upside for the next year.

Dominion Energy

According to Wall Street analysts’ consensus, Dominion Energy (D) stock has a potential upside of more than 8% for the next 12 months. The company has a mean target price of $72.5—compared to its current market price of $66.9. JPMorgan Chase raised Dominion Energy’s target price from $62 to $63 on June 15.

The two fastest-growing utilities, Dominion Energy and NextEra Energy offer the fastest-growing dividends among their peers. Read Dominion and NextEra Energy: Which Dividend Is More Attractive? to learn more.

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