There’s a lot to be optimistic about in the Utilities sector as 3 analysts just weighed in on Chevron (CVX – Research Report), DTE Energy (DTE – Research Report) and NextEra Energy (NEE – Research Report) with bullish sentiments.
Chevron (CVX)
Raymond James analyst Justin Jenkins maintained a Buy rating on Chevron today and set a price target of $212.00. The company’s shares closed last Monday at $176.11.
According to TipRanks.com, Jenkins is a top 100 analyst with an average return of 13.9% and a 68.6% success rate. Jenkins covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Holly Energy Partners, and EnLink Midstream.
Chevron has an analyst consensus of Moderate Buy, with a price target consensus of $193.20, which is an 8.5% upside from current levels. In a report issued on January 17, UBS also maintained a Buy rating on the stock with a $215.00 price target.
See the top stocks recommended by analysts >>
DTE Energy (DTE)
Morgan Stanley analyst Stephen Byrd maintained a Buy rating on DTE Energy today and set a price target of $130.00. The company’s shares closed last Monday at $114.69.
According to TipRanks.com, Byrd is a 5-star analyst with an average return of 8.6% and a 58.3% success rate. Byrd covers the Utilities sector, focusing on stocks such as American Electric Power, Nextera Energy Partners, and Pinnacle West Capital.
DTE Energy has an analyst consensus of Moderate Buy, with a price target consensus of $128.57.
NextEra Energy (NEE)
In a report released today, Shelby Tucker from RBC Capital maintained a Buy rating on NextEra Energy, with a price target of $98.00. The company’s shares closed last Monday at $75.75.
According to TipRanks.com, Tucker is a top 100 analyst with an average return of 11.8% and a 72.7% success rate. Tucker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.
NextEra Energy has an analyst consensus of Strong Buy, with a price target consensus of $95.50, representing a 26.7% upside. In a report issued on January 17, KeyBanc also maintained a Buy rating on the stock with a $93.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on CVX: