These 3 Utilities Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have recommended three utilities stocks with high-dividend yields: NextEra Energy, Inc. (NEE), The Southern Company (SO), and Duke Energy Corporation (DUK). These stocks are highlighted for their strong dividend yields and recent analyst ratings, with NextEra Energy and Duke Energy posting better-than-expected earnings and Southern Company planning to release its earnings soon.
February 06, 2024 | 1:41 pm
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POSITIVE IMPACT
Duke Energy, with a 4.30% dividend yield, received a Buy rating from B of A Securities and an upgrade from Wells Fargo. It will post earnings on Feb. 8, 2024.
Analyst upgrades and the upcoming earnings report create a positive sentiment around DUK, suggesting a potential short-term uptick in its stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
NextEra Energy has a dividend yield of 3.34% and received positive ratings from Citigroup and JP Morgan analysts, with recent better-than-expected earnings.
Positive analyst ratings combined with better-than-expected earnings suggest a bullish outlook for NEE, likely leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
The Southern Company offers a 4.17% dividend yield, with Citigroup and Mizuho analysts giving positive ratings. It plans to release its earnings on Feb. 15, 2024.
The anticipation of the earnings release and positive analyst ratings could drive short-term interest in SO, potentially lifting its stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 85