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Wall Street's Most Accurate Analysts' Views On 3 Utilities Stocks With Over 3% Dividend Yields

Author: Avi Kapoor | February 22, 2024 09:42am

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 .

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

Sempra (NYSE:SRE)

  • Dividend Yield: 3.31%
  • Barclays analyst Eric Beaumont maintained an Overweight rating and raised the price target from $76 to $77 on Jan. 22, 2024. This analyst has an accuracy rate of 66%.
  • JP Morgan analyst Christopher Turnure upgraded the stock from Neutral to Overweight and raised the price target from $78 to $86 on Dec. 12, 2023. This analyst has an accuracy rate of 64%.
  • Recent News: Sempra said it will report fourth-quarter earnings on Feb. 27, 2024.

NextEra Energy, Inc. (NYSE:NEE)

  • Dividend Yield: 3.61%
  • Citigroup analyst Ryan Levine initiated coverage on the stock with a Buy rating and a price target of $69 on Dec. 8, 2023. This analyst has an accuracy rate of 62%.
  • Seaport Global analyst Angie Storozynski downgraded the stock from Neutral to Sell with a price target of $44 on Nov. 9, 2023. This analyst has an accuracy rate of 70%.
  • Recent News: NextEra Energy posted better-than-expected quarterly results.

DTE Energy Company (NYSE:DTE)

  • Dividend Yield: 3.74%
  • Barclays analyst Eric Beaumont maintained an Overweight rating and cut the price target from $113 to $112 on Feb. 13, 2024. This analyst has an accuracy rate of 66%.
  • Seaport Global analyst Angie Storozynski downgraded the stock from Buy to Neutral on Jan. 8, 2024. This analyst has an accuracy rate of 70%.
  • Recent News: DTE Energy posted better-than-expected quarterly earnings.

 

Read More: NVIDIA, Keurig Dr Pepper And 3 Stocks To Watch Heading Into Thursday

Posted In: DTE NEE SRE


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