Analysts update ratings on NJR, Duke Energy, Exelon
Wall Street analysts revised ratings and price targets for New Jersey Resources, Duke Energy, and Exelon, emphasizing dividend yields ranging from 3.38% to 3.57%. New Jersey Resources saw price target hikes, while Duke Energy and Exelon faced reductions.
*this image is generated using AI for illustrative purposes only.
Wall Street analysts have provided updated ratings and price targets for three utility stocks—New Jersey Resources, Duke Energy, and Exelon—focusing on their dividend yields and recent performance. These updates offer investors insights into the sector's stability and income potential during market turbulence.
New Jersey Resources
New Jersey Resources offers a dividend yield of 3.38%. Mizuho analyst Gabriel Moreen maintained an Outperform rating and raised the price target from $54 to $61 on April 21, 2026. Moreen holds an accuracy rate of 78%. Raymond James analyst J.R. Weston also maintained an Outperform rating, raising the price target from $49 to $50 on Aug. 8, 2025, with a 72% accuracy rate. The company posted upbeat quarterly results on May 4.
Duke Energy
Duke Energy provides a dividend yield of 3.38%. Barclays analyst Nicholas Campanella maintained an Overweight rating but reduced the price target from $143 to $134 on June 18, 2026. Campanella's accuracy rate is 70%. Similarly, Mizuho analyst Anthony Crowdell maintained an Outperform rating, cutting the price target from $139 to $135 on June 18, 2026, with a 68% accuracy rate. Duke Energy reported better-than-expected quarterly earnings on May 5.
Exelon
Exelon features a dividend yield of 3.57%. Truist Securities analyst Richard Sunderland maintained a Hold rating and lowered the price target from $50 to $49 on May 29, 2026, with a 66% accuracy rate. TD Cowen analyst Shelby Tucker also maintained a Hold rating, reducing the price target from $51 to $49 on May 15, 2026, with a 67% accuracy rate. Exelon announced it will release second quarter results on July 30.
| Company | Dividend Yield | Analyst | Rating | Price Target Change | Accuracy Rate |
|---|---|---|---|---|---|
| New Jersey Resources | 3.38% | Gabriel Moreen (Mizuho) | Outperform | $54 to $61 | 78% |
| New Jersey Resources | 3.38% | J.R. Weston (Raymond James) | Outperform | $49 to $50 | 72% |
| Duke Energy | 3.38% | Nicholas Campanella (Barclays) | Overweight | $143 to $134 | 70% |
| Duke Energy | 3.38% | Anthony Crowdell (Mizuho) | Outperform | $139 to $135 | 68% |
| Exelon | 3.57% | Richard Sunderland (Truist) | Hold | $50 to $49 | 66% |
| Exelon | 3.57% | Shelby Tucker (TD Cowen) | Hold | $51 to $49 | 67% |
What factors are driving the divergence in price targets between New Jersey Resources and its peers?
How might rising interest rates impact the attractiveness of these utility dividend yields?
Will Exelon's upcoming second-quarter results influence analysts to revise their Hold ratings?
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