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Is There Any Steam Left in Top Utility Gainers of 2019?

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Mar. 11 2019, Published 1:33 p.m. ET

Analyst price targets

AES Corporation (AES) stock, the top gainer of 2019, offers an estimated gain of just 0.5% for the next 12 months based on analysts’ target price of $17.8. It is currently trading at $17.7. UBS raised AES’s target price from $16.0 to $18.0 on February 28.

Sempra Energy (SRE) stock has a median target price of $128.1 compared to its current market price of $122.3, which suggests a potential upside of 4.7% for the next 12 months.

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Dull potential gain

Southern Company (SO) stock presents a downside potential of more than ~3% over the next 12 months. Wall Street analysts gave Southern Company a price target of $49.2 compared to its current price of $50.9.

Public Service Enterprise Group (PEG) stock has a price target of $60.5 against its current market price of $58.9, which suggests a potential upside of almost 3% for the next 12 months. JP Morgan raised PEG’s target price from $58.0 to $63.0 last week.

Almost all the utility stocks (XLU) offer a dull estimated gain for the near future largely due to their recent strength. Continued geopolitical tensions and the Fed’s expected pause in raising interest rates this year could keep boosting utilities going forward.

Read how FirstEnergy stock is placed compared to its peers for more information.

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