Wall Street's Most Accurate Analysts Say Buy These 3 Utilities Stocks With Over 3% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts recommend buying three utilities stocks with over 3% dividend yields: NextEra Energy, Inc. (NEE), Essential Utilities, Inc. (WTRG), and Sempra (SRE). These recommendations are based on their high dividend yields, recent analyst ratings, and significant company news such as earnings reports and regulatory updates.
April 04, 2024 | 11:13 am
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POSITIVE IMPACT
NextEra Energy has a dividend yield of 3.29% with positive analyst ratings from Wells Fargo and BMO Capital, and recent news of a FEC case closure.
The combination of a high dividend yield, positive analyst ratings, and resolution of regulatory concerns likely positions NEE for short-term growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Sempra has a 3.49% dividend yield, with positive ratings from Barclays and Mizuho, and recently reported better-than-expected earnings.
Sempra's higher-than-expected earnings and strong analyst support, coupled with a high dividend yield, indicate potential for short-term appreciation.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Essential Utilities boasts a 3.41% dividend yield, with mixed analyst ratings from Wells Fargo and RBC Capital, and an upcoming earnings report.
The anticipation of the earnings report and a solid dividend yield, despite mixed analyst ratings, suggest a positive short-term outlook for WTRG.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85