NEE and D: Brokerages Raised Top Utilities’ Target Prices


Mar. 21 2019, Published 4:13 p.m. ET

Analysts’ target prices

NextEra Energy (NEE) stock could get an upward push with a few brokerage houses increasing the target price when the stock is already at peak. On March 20, UBS raised NextEra Energy’s target price from $217.0 to $225.0. Barclays raised the target price to $207.0 from $187.0. Barclays upgraded the stock from “equal weight” to “overweight.”


Analysts expect an upside potential of 1% from NextEra Energy stock based on the median target price of $192.3 and its current price of $189.9. Among the 17 analysts covering NextEra Energy, nine recommended a “buy,” five recommended a “strong buy,” and three recommended a “hold.”

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Dominion Energy

Dominion Energy (D) also received multiple target price increases. UBS increased the target price from $82.0 to $89.0. Barclays increased the target price to $84.0. J.P. Morgan increased Dominion Energy’s target price from $72.0 to $76.0 on March 19.

Dominion Energy has a median target price of $76.4—compared to its current price of $74.9, which implies a potential upside of 2% over the next 12 months.

Peers’ target prices

Duke Energy (DUK), the second-largest utility by market cap, has a target price of $90.53, which reflects a potential upside of 1.3% from its current price of $89.4 over the next 12 months. UBS raised Duke Energy’s target price from $100.0 to $105.0 on March 20.

Southern Company (SO) stock has a potential downside of more than 3% over the next 12 months. Analysts gave the company a target price of $49.6—compared to its current price of $51.2. UBS raised Southern Company’s target price from $46.0 to $48.0.


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