Wall Street's Most Accurate Analysts Give Their Take On 3 Utilities Stocks Delivering High-Dividend Yields
Monday, Jan 13, 2025 9:32 am ET
4min read As the market navigates through turbulent times, investors are increasingly turning to dividend-yielding stocks, particularly in the utilities sector. These companies, known for their high free cash flows and attractive dividend payouts, offer a beacon of stability in uncertain markets. Benzinga readers can explore the latest analyst takes on their favorite stocks by visiting the Analyst Stock Ratings page, where they can sort through an extensive database of analyst ratings, including by analyst accuracy. In this article, we will delve into the ratings of the most accurate analysts for three high-yielding utility stocks.
Clearway Energy, Inc. (CWEN) - Dividend Yield: 6.81%
Jefferies analyst Julien Dumoulin-Smith initiated coverage on Clearway Energy with a Buy rating and a price target of $35 on September 20, 2024. This analyst has an accuracy rate of 66%. Morgan Stanley analyst Robert Kad upgraded the stock from Equal-Weight to Overweight and boosted the price target from $25 to $36 on July 31, 2024. This analyst has an accuracy rate of 78%. Recent news includes Clearway Energy entering into a binding agreement to acquire the Operational Tuolumne Wind Project from Turlock Irrigation District on November 25, 2024.
Spire Inc. (SR) - Dividend Yield: 4.62%
Mizuho analyst Gabriel Moreen upgraded the stock from Neutral to Outperform and boosted the price target from $65 to $76 on December 20, 2024. This analyst has an accuracy rate of 77%. Janney Montgomery analyst Michael Gaugler initiated coverage on the stock with a Neutral rating and a price target of $73 on December 17, 2024. This analyst has an accuracy rate of 72%. Recent news includes Spire reporting a loss for the fourth quarter on November 20, 2024.
Portland General Electric Company (POR) - Dividend Yield: 4.93%
B of A Securities analyst Ross Fowler maintained an Underperform rating and cut the price target from $46 to $43 on December 24, 2024. This analyst has an accuracy rate of 62%. Keybanc analyst Melissa Gorham maintained an Overweight rating and cut the price target from $52 to $51 on December 4, 2024. This analyst has an accuracy rate of 70%. Recent news includes Portland General Electric posting upbeat quarterly results on October 25, 2024.
Investors seeking high dividend yields and stability in the utilities sector should consider the insights provided by these accurate analysts. By examining the ratings and price targets of these analysts, investors can make informed decisions about which utility stocks to include in their portfolios. As the market continues to navigate through uncertainty, these high-yielding utility stocks offer an attractive opportunity for investors to generate income and maintain a degree of stability in their portfolios.
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