Analysts’ Top Utilities Picks: PG&E Corp (PCG), American Water (AWK)

By Carrie Williams

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on PG&E Corp (PCGResearch Report) and American Water (AWKResearch Report) with bullish sentiments.

PG&E Corp (PCG)

Wells Fargo analyst Neil Kalton maintained a Buy rating on PG&E Corp today. The company’s shares closed on Friday at $22.75.

According to TipRanks.com, Kalton is a 4-star analyst with an average return of 5.1% and a 60.9% success rate. Kalton covers the Utilities sector, focusing on stocks such as Edison International, NextEra Energy Inc, and Pattern Energy.

PG&E Corp has an analyst consensus of Moderate Buy, with a price target consensus of $39.67.

See today’s analyst top recommended stocks >>

American Water (AWK)

In a report released today, Jonathan Reeder from Wells Fargo maintained a Buy rating on American Water. The company’s shares closed on Friday at $91.19.

Reeder has an average return of 4.7% when recommending American Water.

According to TipRanks.com, Reeder is ranked #2555 out of 5078 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for American Water with a $102.50 average price target, implying a 12.4% upside from current levels. In a report issued on December 12, Robert W. Baird also maintained a Buy rating on the stock with a $104 price target.

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