Analysts Conflicted on These Utilities Names: American States Water (AWR), Chevron (CVX) and CMS Energy (CMS)

Analysts have been eager to weigh in on the Utilities sector with new ratings on American States Water (AWR – Research Report), Chevron (CVX – Research Report) and CMS Energy (CMS – Research Report).

American States Water (AWR)

In a report released yesterday, Jonathan Reeder from Wells Fargo maintained a Sell rating on American States Water, with a price target of $91.00. The company’s shares closed last Monday at $90.46.

According to TipRanks.com, Reeder is a 4-star analyst with an average return of 5.7% and a 57.3% success rate. Reeder covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Brookfield Infrastructure, and Brookfield Infrastructure.

American States Water has an analyst consensus of Moderate Sell, with a price target consensus of $85.00.

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Chevron (CVX)

Raymond James analyst Justin Jenkins maintained a Buy rating on Chevron yesterday and set a price target of $215.00. The company’s shares closed last Monday at $180.90, close to its 52-week high of $183.84.

According to TipRanks.com, Jenkins is a top 100 analyst with an average return of 12.8% and a 68.5% success rate. Jenkins covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Holly Energy Partners, and Aris Water Solutions.

Currently, the analyst consensus on Chevron is a Moderate Buy with an average price target of $179.75, implying a 0.9% upside from current levels. In a report released yesterday, Cowen & Co. also maintained a Buy rating on the stock with a $185.00 price target.

CMS Energy (CMS)

Credit Suisse analyst Nicholas Campanella maintained a Hold rating on CMS Energy yesterday and set a price target of $61.00. The company’s shares closed last Monday at $57.05.

According to TipRanks.com, Campanella is a 3-star analyst with an average return of 4.3% and a 50.0% success rate. Campanella covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, American Electric Power, and Pinnacle West Capital.

CMS Energy has an analyst consensus of Moderate Buy, with a price target consensus of $62.56, representing an 8.0% upside. In a report issued on October 21, Morgan Stanley also maintained a Hold rating on the stock with a $54.00 price target.

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