Analysts’ Top Utilities Picks: GXP, SMLP

By Carrie Williams

Analysts fell to the sidelines weighing in on Great Plains Energy Inc (NYSE: GXP) and Summit Midstream (NYSE: SMLP) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Great Plains Energy Inc (NYSE: GXP)

In a report issued on March 10, Daniel Ford from Barclays maintained a Hold rating on Great Plains Energy Inc (NYSE: GXP), with a price target of $30. The company’s shares closed last Friday at $28.72.

According to TipRanks.com, Ford is a 4-star analyst with an average return of 5.1% and a 66.9% success rate. Ford covers the Utilities sector, focusing on stocks such as American States Water Company, Hawaiian Electric Industries, and Pinnacle West Capital Corp.

Great Plains Energy Inc has an analyst consensus of Hold.

Summit Midstream (NYSE: SMLP)

In a report issued on March 10, Richard Gross from Barclays maintained a Hold rating on Summit Midstream (NYSE: SMLP), with a price target of $25. The company’s shares closed last Friday at $22.95.

According to TipRanks.com, Gross is a 3-star analyst with an average return of 2.6% and a 54.5% success rate. Gross covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Calumet Specialty Products, and Western Refining Logistics.

Summit Midstream has an analyst consensus of Moderate Buy, with a price target consensus of $28.

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