Wall Street's Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided updates on three utilities stocks with over 5% dividend yields: Atlantica Sustainable Infrastructure plc (AY), Dominion Energy, Inc. (D), and Avangrid, Inc. (AGR). AY was downgraded by Raymond James and had a price target cut by JP Morgan, but reported better-than-expected Q3 earnings. D's price target was increased by JP Morgan and cut by Wells Fargo, and the company expanded its battery storage fleet. AGR had a price target cut by Wells Fargo and reported weaker-than-expected Q3 earnings.
December 19, 2023 | 1:16 pm
News sentiment analysis
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NEUTRAL IMPACT
Atlantica Sustainable Infrastructure plc was downgraded by Raymond James and had a price target cut by JP Morgan, despite better-than-expected Q3 earnings.
The downgrade and price target cut suggest a cautious outlook from analysts, but the positive earnings could mitigate negative sentiment in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Dominion Energy, Inc. received mixed analyst ratings with JP Morgan increasing the price target and Wells Fargo cutting it, alongside news of expanding its battery storage fleet.
The conflicting analyst ratings may create uncertainty, but the expansion of the battery storage fleet is a positive development that could support the stock price.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 80
NEGATIVE IMPACT
Avangrid, Inc. had its price target cut by Wells Fargo and reported weaker-than-expected Q3 earnings, which may pressure the stock.
The price target reduction and disappointing earnings report are likely to negatively impact investor sentiment and the stock's short-term performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90