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NEE, NI, CMS: What Analysts Think of the Top-Performing Utilities

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Mar. 12 2019, Published 1:44 p.m. ET

Analysts’ price targets

Let’s take a look at analysts’ views and price targets on the utility stocks under review in this series.

NextEra Energy (NEE) stock is expected to see flattish movement based on analysts’ median price target of $190.23 and its current price of $189.50.

The chart above shows analysts’ recommendations on utility stocks at the moment. It should be noted that none of these top-performing utilities have “sell” recommendations from Wall Street analysts.

Among these three stocks, analysts seem to be the most positive on NextEra Energy stock given that it has the most “buy” recommendations. Almost 76% of analysts covering NEE have given it “buy” recommendations. Analysts appear more cautious about CMS Energy (CMS) and NiSource (NI).

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Price targets

NiSource stock offers an estimated downside of 0.5% over the next 12 months given analysts’ median price target of $27.64. Currently, NiSource is trading at $27.78. JPMorgan Chase raised NI’s price target from $28.0 to $29.0 last week.

According to Wall Street analysts’ estimates, CMS Energy has a median price target of $54.13 for the next 12 months, implying an estimated downside of 1.5% compared to its current market price of $54.95. RBC raised CMS’s price target from $52.0 to $55.0 on March 1.

Read about how top utilities (XLU) fared last week and where they might go in the short term in A Look at Leaders and Laggards in the Utilities Sector Last Week.

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