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Analysts Offer Insights on Utilities Companies: American Electric Power (AEP) and Hess (HES)

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on American Electric Power (AEPResearch Report) and Hess (HESResearch Report) with bullish sentiments.

American Electric Power (AEP)

In a report issued on July 27, Durgesh Chopra from Evercore ISI reiterated a Buy rating on American Electric Power. The company’s shares closed last Thursday at $97.62.

According to TipRanks.com, Chopra is a 4-star analyst with an average return of 6.4% and a 63.3% success rate. Chopra covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and Edison International.

American Electric Power has an analyst consensus of Strong Buy, with a price target consensus of $106.33, a 9.5% upside from current levels. In a report issued on July 21, Morgan Stanley also maintained a Buy rating on the stock with a $111.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Hess (HES)

In a report issued on July 27, Stephen Richardson from Evercore ISI maintained a Buy rating on Hess, with a price target of $130.00. The company’s shares closed last Thursday at $109.18.

According to TipRanks.com, Richardson is a 4-star analyst with an average return of 7.7% and a 52.7% success rate. Richardson covers the Utilities sector, focusing on stocks such as Occidental Petroleum, Magnolia Oil & Gas, and Canadian Natural.

Hess has an analyst consensus of Strong Buy, with a price target consensus of $139.40, representing a 29.0% upside. In a report issued on July 15, Barclays also maintained a Buy rating on the stock with a $149.00 price target.

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