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Analysts Offer Insights on Utilities Companies: Dominion Energy (D) and Fortis (FTS)

Analysts have been eager to weigh in on the Utilities sector with new ratings on Dominion Energy (DResearch Report) and Fortis (FTSResearch Report).

Dominion Energy (D)

In a report released today, James Thalacker from BMO Capital reiterated a Buy rating on Dominion Energy, with a price target of $87.00. The company’s shares closed last Monday at $79.06.

According to TipRanks.com, Thalacker is a 4-star analyst with an average return of 6.3% and a 66.3% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Centerpoint Energy, and Eversource Energy.

Dominion Energy has an analyst consensus of Moderate Buy, with a price target consensus of $84.70, implying a 6.7% upside from current levels. In a report released today, Wolfe Research also maintained a Buy rating on the stock with a $86.00 price target.

See the top stocks recommended by analysts >>

Fortis (FTS)

In a report released today, Benjamin Pham from BMO Capital maintained a Hold rating on Fortis, with a price target of $57.00. The company’s shares closed last Monday at $45.15.

According to TipRanks.com, Pham is a 5-star analyst with an average return of 12.8% and a 77.9% success rate. Pham covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Algonquin Power & Utilities, and Northland Power.

The word on The Street in general, suggests a Hold analyst consensus rating for Fortis with a $48.58 average price target, representing a 6.6% upside. In a report issued on January 31, UBS also maintained a Hold rating on the stock with a C$58.00 price target.

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