11 Utility Stocks Get New Ratings, Forecasts After Recent Volatility: 'Higher Quality ... Low Valuation'
Portfolio Pulse from Priya Nigam
KeyBanc Capital Markets analysts have updated ratings and forecasts for several utility stocks following recent market volatility. Upgrades include CMS Energy Corporation, DTE Energy Co, CenterPoint Energy Inc, Pinnacle West Capital Corporation, and Entergy Corp. Forecast changes were made for Xcel Energy Inc, WEC Energy Group Inc, Ameren Corp, Duke Energy Corp, and FirstEnergy Corp. NextEra Energy Inc was downgraded.
October 05, 2023 | 4:13 pm
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NEGATIVE IMPACT
Ameren Corp's price target was reduced from $91 to $82, while maintaining an Overweight rating.
The reduction in price target by KeyBanc indicates a negative outlook for Ameren Corp, which could lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Duke Energy Corp's price target was reduced from $109 to $96, while maintaining an Overweight rating.
The reduction in price target by KeyBanc indicates a negative outlook for Duke Energy Corp, which could lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
FirstEnergy Corp's price target was reduced from $45 to $41, while maintaining an Overweight rating.
The reduction in price target by KeyBanc indicates a negative outlook for FirstEnergy Corp, which could lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
NextEra Energy Inc was downgraded from Overweight to Sector Weight.
The downgrade by KeyBanc indicates a negative outlook for NextEra Energy Inc, which could lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
WEC Energy Group Inc's price target was reduced from $102 to $94, while maintaining an Overweight rating.
The reduction in price target by KeyBanc indicates a negative outlook for WEC Energy Group Inc, which could lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Xcel Energy Inc's price target was reduced from $71 to $62, while maintaining an Overweight rating.
The reduction in price target by KeyBanc indicates a negative outlook for Xcel Energy Inc, which could lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
CMS Energy Corporation was upgraded from Sector Weight to Overweight, with a price target of $57.
The upgrade by KeyBanc indicates a positive outlook for CMS Energy Corporation, which could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
CenterPoint Energy Inc was upgraded from Sector Weight to Overweight, with a price target of $29.
The upgrade by KeyBanc indicates a positive outlook for CenterPoint Energy Inc, which could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
DTE Energy Co was upgraded from Sector Weight to Overweight, with a price target of $106.
The upgrade by KeyBanc indicates a positive outlook for DTE Energy Co, which could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Entergy Corp was upgraded from Sector Weight to Overweight, with a price target of $97.
The upgrade by KeyBanc indicates a positive outlook for Entergy Corp, which could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Pinnacle West Capital Corporation was upgraded from Underweight to Sector Weight.
The upgrade by KeyBanc indicates a positive outlook for Pinnacle West Capital Corporation, which could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100