3 Minutes To Boost Your Earnings: 2 Stocks With Over 5% Dividend Yields In Utilities Sector From Wall Street's Most Accurate Analysts (CORRECTED)
Portfolio Pulse from Avi Kapoor
Analysts have rated three high-yield dividend stocks in the utilities sector. Hawaiian Electric Industries (HE) has an 11.32% yield but received an Underperform and Equal-Weight rating. Atlantica Sustainable Infrastructure (AY) offers a 9.20% yield and was downgraded to Market Perform with a Neutral rating. NorthWestern Energy Group (NWE) with a 5.40% yield was upgraded to Overweight but also received an Underweight rating. All companies recently reported their quarterly earnings.
January 22, 2024 | 12:35 pm
News sentiment analysis
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NEGATIVE IMPACT
Hawaiian Electric Industries has a high dividend yield but received an Underperform rating and a price target cut, indicating skepticism from analysts despite positive earnings.
The Underperform rating and price target cut suggest that analysts are not confident in HE's stock performance, which could lead to a negative short-term impact on its share price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Atlantica Sustainable Infrastructure's downgrade to Market Perform and a price target reduction reflect a neutral to cautious stance from analysts despite better-than-expected earnings.
The downgrade and price target cut for AY, despite positive earnings, suggest that the stock may not see significant movement, hence a neutral score.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
NorthWestern Energy Group's upgrade to Overweight is countered by an Underweight rating from another analyst and a price target reduction, following worse-than-expected earnings.
Conflicting analyst ratings and a price target decrease, along with disappointing earnings, suggest uncertainty, leading to a neutral short-term impact.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75