These 3 Utilities Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Wall Street's most accurate analysts have recommended three utilities stocks with over 3% dividend yields: Sempra (SRE), Xcel Energy Inc. (XEL), and Public Service Enterprise Group (PEG). These stocks are considered attractive during market uncertainty due to their high dividend payouts. Recent analyst actions include rating changes and price target adjustments. Sempra recently announced a new CFO, Xcel Energy reported lower-than-expected earnings, and Public Service Enterprise posted strong earnings.
December 04, 2023 | 1:40 pm
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NEGATIVE IMPACT
Xcel Energy Inc. has a dividend yield of 3.39% and experienced a mix of analyst rating changes and a price target decrease following downbeat earnings.
The downbeat earnings report is likely to have a negative short-term impact on the stock price, despite the high dividend yield and mixed analyst ratings.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Sempra has a dividend yield of 3.25% and received mixed analyst ratings with a price target cut. The company also announced a new CFO.
The price target cut by analysts may have a negative impact, but the appointment of a new CFO could be seen as a positive change in leadership. The high dividend yield remains attractive, balancing the short-term impact to neutral.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Public Service Enterprise Group has a dividend yield of 3.60% and received positive analyst ratings and price target increases after reporting strong earnings.
The upbeat earnings report and positive analyst ratings with increased price targets suggest a likely positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80