Check Out 3 Utilities Stocks With Over 6% Dividend Yields From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Three utilities stocks with high dividend yields have been rated by Wall Street's most accurate analysts. Hawaiian Electric Industries (HE) has a dividend yield of 11.31% but was downgraded by Wells Fargo and B of A Securities with a price target of $8.5. Atlantica Sustainable Infrastructure (AY) offers a 9.40% yield, with JP Morgan maintaining a Neutral rating and B of A Securities upgrading it to Buy with a $32 target. Clearway Energy (CWEN) has a 6.94% yield, with Oppenheimer maintaining an Outperform rating and B of A Securities upgrading it to Buy, with a price target of $34.
November 16, 2023 | 12:18 pm
News sentiment analysis
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NEGATIVE IMPACT
Hawaiian Electric Industries has a high dividend yield but faces downgrades from analysts, with a consensus price target of $8.5.
Despite a high dividend yield, the downgrades from analysts suggest a bearish outlook, which could negatively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Atlantica Sustainable Infrastructure has a 9.40% dividend yield, with mixed ratings from analysts but a recent upgrade from B of A Securities and a price target of $32.
The upgrade to Buy and a higher price target from a reputable analyst could lead to positive investor sentiment and a potential increase in stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Clearway Energy has a 6.94% dividend yield and received an upgrade from B of A Securities with a price target of $34.
The upgrade and positive sales report could drive investor confidence, potentially leading to a short-term uptick in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90