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Analysts Offer Insights on Utilities Companies: Dominion Energy (D), NextEra Energy (NEE) and Consolidated Edison (ED)

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Dominion Energy (DResearch Report), NextEra Energy (NEEResearch Report) and Consolidated Edison (EDResearch Report).

Dominion Energy (D)

In a report released today, Paul Cole from Bank of America Securities maintained a Sell rating on Dominion Energy. The company’s shares closed last Tuesday at $50.79.

According to TipRanks.com, Cole is a 2-star analyst with an average return of 1.0% and a 100.0% success rate. Cole covers the Utilities sector, focusing on stocks such as Consolidated Edison, NextEra Energy, and Pnm Resources.

Dominion Energy has an analyst consensus of Hold, with a price target consensus of $49.57.

See the top stocks recommended by analysts >>

NextEra Energy (NEE)

In a report released today, Neil Kalton from Wells Fargo maintained a Buy rating on NextEra Energy, with a price target of $84.00. The company’s shares closed last Tuesday at $66.78.

According to TipRanks.com, Kalton is a 5-star analyst with an average return of 6.7% and a 62.9% success rate. Kalton covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Algonquin Power & Utilities, and Public Service Enterprise.

NextEra Energy has an analyst consensus of Moderate Buy, with a price target consensus of $70.27, a 7.6% upside from current levels. In a report released yesterday, Scotiabank also maintained a Buy rating on the stock with a $73.00 price target.

Consolidated Edison (ED)

In a report issued on April 18, Jeremy Tonet from J.P. Morgan maintained a Sell rating on Consolidated Edison, with a price target of $90.00. The company’s shares closed last Tuesday at $92.90.

According to TipRanks.com, Tonet is a 4-star analyst with an average return of 4.8% and a 55.6% success rate. Tonet covers the NA sector, focusing on stocks such as Enterprise Products Partners, Kodiak Gas Services, Inc., and Hess Midstream Partners.

The word on The Street in general, suggests a Hold analyst consensus rating for Consolidated Edison with a $90.67 average price target, which is a -2.2% downside from current levels. In a report released yesterday, Scotiabank also maintained a Sell rating on the stock with a $85.00 price target.

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