Check Out 3 High-Yielding Dividend Stocks In Utilities Sector From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Three high-yielding dividend stocks in the utilities sector have been highlighted by Wall Street's most accurate analysts. These include Dominion Energy, Inc. (D), Avangrid, Inc. (AGR), and Portland General Electric Company (POR). Recent analyst ratings and price targets have been provided for each, along with recent news such as Q2 revenue growth for Dominion Energy and lower-than-expected earnings for Avangrid and Portland Gen Electric.
August 17, 2023 | 1:08 pm
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NEGATIVE IMPACT
Avangrid has a dividend yield of 5.15%. Analysts have maintained an Underperform rating and cut the price target. The company reported lower-than-expected Q2 earnings.
Despite the high dividend yield, the underperform rating and lower-than-expected earnings could negatively impact investor sentiment and drive the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Portland General Electric has a dividend yield of 4.28%. Analysts have maintained a Neutral rating and cut the price target. The company posted downbeat quarterly earnings.
Despite the decent dividend yield, the neutral rating, cut in price target, and downbeat earnings could negatively impact investor sentiment and drive the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dominion Energy has a dividend yield of 5.56%. Analysts have maintained a Buy rating but cut the price target. The company reported Q2 FY23 revenue growth of 5.5% YoY.
The company's high dividend yield and positive revenue growth are likely to attract investors, potentially driving the stock price up. However, the cut in price target by analysts might temper this upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100