Wall Street's Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields

Author: Avi Kapoor | December 19, 2023 09:16am

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector.

Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

• Dividend Yield: 8.40%
• Raymond James analyst David Quezada downgraded the stock from Outperform to Market Perform on Oct. 26, 2023. This analyst has an accuracy rate of 61%.
• JP Morgan analyst Mark Strouse maintained a Neutral rating and cut the price target from $27 to $21 on Oct. 19, 2023. This analyst has an accuracy rate of 68%.
• Recent News: Atlantica Sustainable, during November, posted better-than-expected third-quarter earnings.

Dominion Energy, Inc. (NYSE:D)

• Dividend Yield: 5.54%
• JP Morgan analyst Jeremy Tonet maintained a Neutral rating and increased the price target from $49 to $51 on Dec. 1, 2023. This analyst has an accuracy rate of 60%.
• Wells Fargo analyst Sarah Akers maintained an Equal-Weight rating and cut the price target from $51 to $46 on Oct. 20, 2023. This analyst has an accuracy rate of 69%.
• Recent News: Dominion Energy recently expanded battery storage fleet in Virginia.

Avangrid, Inc. (NYSE:AGR)

• Dividend Yield: 5.44%
• Mizuho analyst Anthony Crowdell reiterated a Neutral rating with a price target of $39 on June 14, 2023. This analyst has an accuracy rate of 60%.
• Wells Fargo analyst Neil Kalton maintained an Equal-Weight rating and cut the price target from $48 to $43 on Feb. 23, 2023. This analyst has an accuracy rate of 65%.
• Recent News: Avangrid, during October, posted weaker-than-expected earnings for its third quarter.

 

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