Latest news with #GreggOrrill
Business Insider
2 days ago
- Business
- Business Insider
UBS Keeps Their Hold Rating on American Water (AWK)
UBS analyst Gregg Orrill reiterated a Hold rating on American Water today and set a price target of $154.00. The company's shares opened today at $140.47. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Orrill covers the Utilities sector, focusing on stocks such as Edison International, American Water, and Portland GE. According to TipRanks, Orrill has an average return of -0.7% and a 58.97% success rate on recommended stocks. The word on The Street in general, suggests a Hold analyst consensus rating for American Water with a $144.40 average price target. The company has a one-year high of $155.50 and a one-year low of $118.74. Currently, American Water has an average volume of 1.39M. Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AWK in relation to earlier this year. Last month, Melissa K. Wikle, the SVP & CAO of AWK sold 2,825.00 shares for a total of $404,766.00.
Yahoo
3 days ago
- Business
- Yahoo
Edison International Rated Buy as EV Adoption Leads in Service Area
Edison International (NYSE:EIX) ranks among the 30 stocks expected to beat the market by 20 percentage points this year. UBS reaffirmed its Buy rating and price target of $70 for Edison International (NYSE:EIX) on June 10, as the bank views recent legislative events in California favorably. According to UBS analyst Gregg Orrill, the California Senate passed a bill on June 4 that would enable utilities to use securitization to recover significant costs in energization and wildfire mitigation projects. The bill, SB 254, has until September 12 to be finalized and is gaining momentum. Orrill noted that Edison International (NYSE:EIX) holds the highest rate of electric vehicle (EV) adoption in its service area, while market competitor Pacific Gas & Electric Company has the most investment in wildfire prevention among California's investor-owned utilities. Based in California, Edison International (NYSE:EIX) is a public utility company that specializes at generating power from a variety of sources, including renewable energy, nuclear energy, and natural gas. While we acknowledge the potential of EIX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Sign in to access your portfolio
