Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's top analysts recommend buying three energy stocks with high-dividend yields: NextEra Energy, Inc. (NEE), Sempra (SRE), and Xcel Energy Inc. (XEL). Citigroup and JP Morgan analysts have given NEE a Buy and Overweight rating respectively, with price targets of $69 and $67. SRE was upgraded from Neutral to Overweight by JP Morgan, with a price target increase from $78 to $86, while Barclays cut the price target from $78 to $76. XEL received an upgrade from Neutral to Buy by B of A Securities, with a price target increase from $58 to $66, although Barclays maintained an Equal-Weight rating and lowered the price target from $60 to $57.
January 04, 2024 | 1:44 pm
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POSITIVE IMPACT
NextEra Energy, Inc. received positive ratings from Citigroup and JP Morgan with price targets of $69 and $67 respectively, indicating a bullish outlook.
The Buy and Overweight ratings from reputable analysts suggest a positive short-term impact on NEE's stock price, especially given the high accuracy rates of the analysts.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Sempra was upgraded to Overweight by JP Morgan with a raised price target of $86, while Barclays maintained an Overweight rating but reduced the price target to $76.
The upgrade by JP Morgan and the high-dividend yield are likely to have a positive short-term impact on SRE's stock price, despite the slight price target cut by Barclays.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Xcel Energy Inc. was upgraded to Buy by B of A Securities with a price target of $66, while Barclays maintained an Equal-Weight rating and lowered the price target to $57.
The upgrade to Buy by B of A Securities and the high-dividend yield suggest a positive short-term impact, although Barclays' lower price target introduces some caution.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 85