Analysts’ Opinions Are Mixed on These Utilities Stocks: Chevron Corp (NYSE: CVX) and Eversource Energy (NYSE: ES)

By Carrie Williams

Analysts have been eager to weigh in on the Utilities sector with new ratings on Chevron Corp (CVXResearch Report) and Eversource Energy (ESResearch Report).

Chevron Corp (CVX)

In a report released yesterday, William Featherston from Credit Suisse maintained a Buy rating on Chevron Corp, with a price target of $130. The company’s shares closed yesterday at $111.39.

According to TipRanks.com, Featherston is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -4.3% and a 43.0% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Oasis Petroleum Inc, Anadarko Petroleum, and Chesapeake Energy.

Currently, the analyst consensus on Chevron Corp is a Moderate Buy with an average price target of $132, representing a 18.5% upside. In a report issued on January 10, Barclays also maintained a Buy rating on the stock with a $136 price target.

See today’s analyst top recommended stocks >>

Eversource Energy (ES)

Credit Suisse analyst Michael Weinstein W. maintained a Hold rating on Eversource Energy yesterday and set a price target of $70. The company’s shares closed yesterday at $68.30, close to its 52-week high of $70.53.

According to TipRanks.com, W. is a 2-star analyst with an average return of -0.9% and a 40.0% success rate. W. covers the Utilities sector, focusing on stocks such as NextEra Energy Inc, Black Hills Corp, and Southern Co.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eversource Energy with a $69.40 average 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.