Morgan Stanley Starts Coverage on Electric Utilities Stocks

An analyst at Morgan Stanley initiated coverage on a number of stocks in the Electric Utilities group Wednesday morning.

With an Overweight rating:

• NRG Energy (NYSE: NRG) - $30.50 price target
  
• Calpine (NYSE: CPN) - $22 price target
  
• NextEra Energy (NYSE: NEE) - $68.50 price target
  
• Xcel Energy (NYSE: XEL) - $29 price target
  
• Sempra (NYSE: SRE) - $66.50 price target

With an Equalweight rating:

• FirstEnergy (NYSE: FE) - $53 price target
  
• Dominion (NYSE: D) - $52.50 price target
  
• Public Service Enterprise Group (NYSE: PEG) - $34 price target
  
• Pinnacle West Capital Corp. (NYSE: PNW) - $47.50 price target
  
• NV Energy (NYSE: NVE) - $16 price target
  
• Edison International (NYSE: EIX) - $46.50 price target
  
• American Electric Power (NYSE: AEP) - $46 price target

With an Underweight rating:

• Consolidated Edison (NYSE: ED)
  
• Entergy (NYSE: ETR)
  
• Ameren (NYSE: AEE)
  
• Genon (NYSE: GEN)

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