Analysts’ Opinions Are Mixed on These Utilities Stocks: DTE Energy (DTE) and Marathon Petroleum (MPC)

Analysts have been eager to weigh in on the Utilities sector with new ratings on DTE Energy (DTEResearch Report) and Marathon Petroleum (MPCResearch Report).

DTE Energy (DTE)

J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on DTE Energy yesterday and set a price target of $131.00. The company’s shares closed last Thursday at $116.58.

According to TipRanks.com, Tonet is a 4-star analyst with an average return of 4.9% and a 54.3% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Dcp Midstream Partners, and Plains All American.

DTE Energy has an analyst consensus of Moderate Buy, with a price target consensus of $127.50.

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Marathon Petroleum (MPC)

J.P. Morgan analyst John Royall maintained a Buy rating on Marathon Petroleum on January 4 and set a price target of $134.00. The company’s shares closed last Thursday at $115.73.

According to TipRanks.com, Royall is a 3-star analyst with an average return of 5.0% and a 60.8% success rate. Royall covers the Utilities sector, focusing on stocks such as HF Sinclair Corporation, Par Pacific Holdings, and Occidental Petroleum.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marathon Petroleum with a $133.42 average price target, representing a 20.7% upside. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $133.00 price target.

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