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NEE, DUK, D, and SO: Analysts’ Views and Price Targets

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Price targets

After the Federal Reserve’s declaration of its intention to pause interest rate hikes for 2019, quarterly earnings could be an important driver of top utility stocks’ (XLU) performances in the short to medium term. How the market performs on the US-China trade front could also be vital. Let’s see what analysts think of the top utility stocks.

Analysts currently expect an upside potential of 2.4% for NextEra Energy (NEE) stock based on its median target price of $195.0 and its current price of $190.5.

XLU anr

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Analysts’ views

If we consider the chart above, we’ll find that analysts seem to be more positive on NextEra Energy stock than its peers. Among the 17 analysts covering NEE, 14 have given it “buy” recommendations, and none have given it “sells.”

Duke Energy (DUK) stock has a median target price of $90.9, which suggests a potential upside of ~2% from its current price of $89.3 over the next 12 months. SunTrust Robinson Humphrey cut Duke Energy’s target price from $95.0 to $94.0 on April 1.

Southern Company (SO) stock is expected to see negative movement based on analysts’ median target price of $50.0 for it over the next 12 months. The company’s current market price is $51.41. SunTrust Robinson Humphrey recently raised SO’s target price from $52.0 to $53.0.

Analysts have given Dominion Energy (D) a median target price of $77.6 compared to its current price of $76.7, which implies a potential upside of 1.1% over the next 12 months.

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