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Analysts Offer Insights on Utilities Companies: Constellation Energy Corporation (CEG) and Southwest Gas (SWX)

Tipranks - Fri Jun 19, 6:22AM CDT

Analysts have been eager to weigh in on the Utilities sector with new ratings on Constellation Energy Corporation (CEG) and Southwest Gas (SWX).

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Constellation Energy Corporation (CEG)

In a report released today, Carly Davenport from Goldman Sachs initiated coverage with a Hold rating on Constellation Energy Corporation and a price target of $305.00. The company’s shares closed last Wednesday at $267.17.

According to TipRanks.com, Davenport is a 3-star analyst with an average return of 3.1% and a 57.8% success rate. Davenport covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Edison International. ;'>

Currently, the analyst consensus on Constellation Energy Corporation is a Strong Buy with an average price target of $369.56, representing a 38.2% upside. In a report issued on June 3, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $282.00 price target.

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Southwest Gas (SWX)

Southwest Gas received a Buy rating and a $105.00 price target from Wells Fargo analyst Constantine Lednev today. The company’s shares closed last Wednesday at $87.10.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Southwest Gas with a $102.00 average price target, a 16.5% upside from current levels. In a report issued on June 9, Mizuho Securities also maintained a Buy rating on the stock with a $98.00 price target.

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