Wall Street Analysts Are Bullish on Top Utilities Picks

There’s a lot to be optimistic about in the Utilities sector as 3 analysts just weighed in on PG&E (PCG – Research Report), Pioneer Natural (PXD – Research Report) and Shell (SHEL – Research Report) with bullish sentiments.

PG&E (PCG)

Wells Fargo analyst Neil Kalton maintained a Buy rating on PG&E today and set a price target of $18.00. The company’s shares closed last Thursday at $15.38, close to its 52-week high of $15.61.

According to TipRanks.com, Kalton is a 5-star analyst with an average return of 6.9% and a 64.1% success rate. Kalton covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Algonquin Power & Utilities, and Public Service Enterprise.

PG&E has an analyst consensus of Strong Buy, with a price target consensus of $17.17, implying a 12.3% upside from current levels. In a report issued on October 20, UBS also maintained a Buy rating on the stock with a $17.00 price target.

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Pioneer Natural (PXD)

In a report released today, William Janela from Credit Suisse maintained a Buy rating on Pioneer Natural, with a price target of $300.00. The company’s shares closed last Thursday at $265.84.

According to TipRanks.com, Janela is a top 100 analyst with an average return of 53.9% and a 78.6% success rate. Janela covers the Utilities sector, focusing on stocks such as Canadian Natural, Range Resources, and Cenovus Energy.

Pioneer Natural has an analyst consensus of Moderate Buy, with a price target consensus of $285.50, representing a 5.8% upside. In a report issued on October 18, Piper Sandler also maintained a Buy rating on the stock with a $346.00 price target.

Shell (SHEL)

Wells Fargo analyst Roger Read maintained a Buy rating on Shell today and set a price target of $66.00. The company’s shares closed last Thursday at $56.01.

According to TipRanks.com, Read is a 5-star analyst with an average return of 15.6% and a 68.0% success rate. Read covers the Utilities sector, focusing on stocks such as Crescent Energy Company Class A, HF Sinclair Corporation, and Occidental Petroleum.

Shell has an analyst consensus of Strong Buy, with a price target consensus of $68.67.

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