Analysts’ estimates

We’ll discuss the top utility stocks’ target prices. Analysts expect a downside of ~1% from NextEra Energy (NEE) stock based on the mean target price of $205.0 and its current price of ~$207.0. Morgan Stanley increased NextEra Energy’s target price from $194.0 to $207.0 on June 14. Based on the estimates, analysts seem more positive on NextEra Energy stock compared to its peers due to the “buy” recommendations. The following chart shows how analysts view the top utility stocks.

NEE, SO, and DUK: Top Utility Stocks’ Target Prices

Top utility stocks

Duke Energy (DUK) stock has a target price of $92.5, which suggests a potential upside of 5.2% from its current price of $87.9 over the next 12 months. Morgan Stanley raised the target price from $96.0 to $100.0 last week.

Analysts have given Dominion Energy (D) stock a mean target price of $78.4—compared to its current price of $76.6, which implies a potential upside of 2.3%.

Southern Company (SO) stock is expected to have downside movement of more than 4% based on analysts’ target price of $53.3 for the next 12 months. The company’s current market price is ~$55.7. Morgan Stanley increased Southern Company’s target price from $51.0 to $54.0.

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