Analysts’ price targets
Top utility stock NextEra Energy (NEE) has an estimated upside of ~6% based on its median target price of $180.40 and its current price of $169.90. Credit Suisse raised NEE’s price target from $185 to $186 on October 24.
American Electric Power (AEP) has a median price target of $76.70 against its current market price of $72.70. That implies an estimated upside of 5.4% for the next year. UBS raised AEP’s target price from $79 to $83 on October 26.
More target price adjustments
Exelon Corporation (EXC) stock closed at $43.60 last week. The median price target for the stock in the next year is $43.60, an estimated upside of 6.4% from its current level. SunTrust Robinson Humphrey raised EXC’s target price from $45 to $46 on October 22.
According to Wall Street analysts’ consensus, Xcel Energy (XEL) stock has a median target price of $50 compared to its current market price of $48.50, indicating a potential upside of 3.2% in the next year. Deutsche Bank raised XEL’s target price from $49 to $50 last week.
WEC Energy Group (WEC) stock seems to have a flat movement against its current market price of $68.89. Wall Street analysts have given it a price target of $69. UBS raised its price target from $68 to $70 on October 19.
Utilities currently trade at an average yield of 3.3%, which is higher than the broader markets. Southern Company and PPL Corporation (PPL) offer even higher yields of 5.4% each. To find out more, read SO and PPL: How These Top-Yielding Utilities Stack Up.