Michael Lapides

Expected higher energy pricing in most regions in coming years led Goldman Sachs to boost target prices on Exelon Corporation (NYSE: EXC) and Public Service Enterprise Group Inc. (NYSE: PEG) — while staying cautious on the sector as a whole. The Analyst Michael Lapides upgraded Exelon...

With OGE Energy Corp (NYSE: OGE) shares up about 13 percent since Goldman Sachs added the stock to its Buy list in January, the firm believes its thesis has played out and a favorable outcome for the stock is priced in at the current valuation. The Analyst Goldman Sachs analyst Michael Lapides...

Exelon Corporation (NYSE: EXC) is the largest electric holding company in the U.S., with around 10 million customers. A better valuation model, potential upside to consensus estimates and few headwinds led Goldman Sachs to upgrade the equity the energy stock this week.  The Analyst Goldman...

Duke Energy Corp (NYSE: DUK) shares have below-average total return potential – 7 percent – compared to an average of 16 percent in the stock's peer group, according to Goldman Sachs. The Analyst Analyst Michael Lapides downgraded shares of Duke Energy from Neutral to Sell and...

Last year’s tax reform inspired a spate of analyst upgrades across industries. The latest beneficiary? Utilities. The Rating Goldman Sachs analyst Michael Lapides upgraded OGE Energy Corp. (NYSE: OGE) and NiSources Inc. (NYSE: NI) from Neutral to Buy and increased their respective price...

Goldman Sachs removed PG&E Corporation (NYSE: PCG) from its Americas Conviction Buy List, even as it maintained its Buy rating on the shares. The Americas Conviction Buy List consists of Goldman's Buy-rated U.S. and Canadian stocks, including ADRs, which it has shortlisted as possessing the...

The Utilities SPDR (ETF) (NYSE: XLU) fell almost 2.4 percent last week after Goldman Sachs downgraded the sector citing valuation concerns. “With the utility sector index roughly 10% higher than YE 2016 levels and having outperformed the S& 500 by 1% (excluding dividends) and 2% (...

Give the Utilities SPDR (ETF) (NYSE: XLU) some credit. The largest exchange-traded fund tracking the utilities sector rose more than 0.66 percent Monday after Goldman Sachs downgraded the sector to Cautious from Neutral, citing valuation concerns. Even amid what could be seen as a challenging...

The Utilities SPDR (ETF) (NYSE: XLU) is up more than 10 percent so far in 2017, but utility stocks may have finally exhausted their positive momentum. Goldman Sachs analyst Michael Lapides has downgraded the utilities sector from Neutral to Cautious and says valuation is becoming a concern....

Although American Electric Power Company Inc (NYSE: AEP) has historically traded at a discount to its Regulated Utility peers, Goldman Sachs’ Michael Lapides believes the stock deserves to trade at a higher multiple. Lapides upgraded the rating on the company from Neutral to Buy, while...

The future of U.S. energy is lining up to be a battle between shale gas and renewables, a development which might leave U.S. nuclear energy in the dark. According to Goldman Sachs analyst Michael Lapides, lower energy prices driven by the U.S. shale gas revolution is forcing the retirement of...

Southern Co(NYSE: SO) first received approval for the merger with AGL Resources on March 22; the merger was completed July 1, 2016, for about $8 billion. Goldman Sachs had a Not Rated designation from Southern Company during the merger. Goldman's Reinstated Neutral Rating Goldman Sachs' Michael...