Beat Inflation With These 3 High-Yielding Dividend Stocks In Energy Sector From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
The article discusses three high-yielding dividend stocks in the energy sector recommended by Wall Street's most accurate analysts. Vitesse Energy, Inc. (VTS) has a dividend yield of 8.94% and received Buy ratings with price targets of $27 and $30.5, despite recent downbeat earnings. DHT Holdings, Inc. (DHT) offers a 10.96% dividend yield but was downgraded to Hold with price targets of $11 and $10 after posting weaker-than-expected results. Equitrans Midstream Corporation (ETRN) has a 5.89% yield and was downgraded to Underweight with a $10 price target, although it reported upbeat earnings.
December 26, 2023 | 1:29 pm
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NEUTRAL IMPACT
Vitesse Energy has a high dividend yield and received Buy ratings from analysts, but reported downbeat Q3 earnings.
While the high dividend yield and Buy ratings are positive, the recent downbeat earnings could temper investor enthusiasm in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DHT Holdings has a high dividend yield but was downgraded to Hold after posting weaker-than-expected quarterly results.
The downgrade to Hold and weaker-than-expected results are likely to negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Equitrans Midstream has a moderate dividend yield and was downgraded to Underweight despite reporting upbeat Q3 earnings.
The downgrade to Underweight could overshadow the positive Q3 earnings, potentially leading to a negative short-term price movement.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80