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SO and NEE: Brokerages Raise Top Utility Stocks’ Price Targets

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Analyst recommendations

Southern Company (SO) stock has a potential downside of ~1% from its current market price of $49.56. Analysts have given Southern Company a median target price of $49.03.

Among the 20 analysts surveyed by Reuters who cover Southern Company, 13 recommended a “hold,” two recommended a “buy,” four recommended a “sell,” and one recommended a “strong sell.” J.P. Morgan raised SO’s target price from $46.0 to $49.0 today. SunTrust Robinson Humphrey increased SO’s target from $51.0 to $52.0 yesterday.

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Peer price targets

According to analysts’ estimates, NextEra Energy (NEE) stock offers a potential upside of 1% based on the median target price of $190.2 and its current price of $187.9.

Among the 18 analysts covering NextEra Energy, five recommend a “strong buy,” nine recommend a “buy,” and four recommend a “hold.” UBS raised NEE’s target price to $217.0 from $199.0.

Dominion Energy (D) stock has a median target price of $74.6, against its current market price of $75.1, which implies an estimated downside of about 1% for the next 12 months.

Analysts seem cautious about Dominion Energy stock. Of the total 15 analysts tracking D, two recommend it as a “strong buy,” another two recommend a “buy,” ten recommend it as a “hold,” and one analyst recommends it as a “sell” as of February 26.

Also check out Utilities: How Defensives Fared Last Week.

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