These 3 Utilities Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts recommend three utilities stocks with over 3% dividend yields: Essential Utilities, The AES Corporation, and The Southern Company. These stocks are favored for their high free cash flows and consistent dividend payouts.
May 17, 2024 | 12:36 pm
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POSITIVE IMPACT
The AES Corporation has received Buy ratings from top analysts with price targets around $21-$22. The company recently agreed to sell its equity interest in AES Brasil for $640 million.
The Buy ratings and the significant sale of equity interest in AES Brasil indicate strong positive sentiment and potential for short-term price gains.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Essential Utilities has been rated Outperform by top analysts despite recent price target cuts. The company posted better-than-expected quarterly earnings on May 2.
Despite the price target cuts, the Outperform ratings and better-than-expected earnings suggest positive sentiment and potential for short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The Southern Company has been rated Buy by top analysts with increased price targets. However, the company reported a 2.6% decline in Q1 2024 operating revenue, missing consensus estimates.
While the Buy ratings and increased price targets are positive, the decline in operating revenue and missing consensus estimates may neutralize short-term price movements.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100