Wall Street's Most Accurate Analysts' Views On 3 Utilities Stocks With Over 4% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their views on three high-yielding utilities stocks: Northwest Natural Holding Co (NWN), Dominion Energy Inc (D), and Spire Inc (SR). These stocks offer dividend yields over 4% and have received various ratings and price target adjustments from analysts.
June 04, 2024 | 12:04 pm
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NEGATIVE IMPACT
Spire Inc (SR) received mixed ratings: Wells Fargo maintained an Equal-Weight rating with a price target increase to $66, while Mizuho downgraded the stock to Neutral with a price target decrease to $62. The company posted weaker-than-expected quarterly results.
The mixed ratings and weaker-than-expected quarterly results are likely to create uncertainty and potential downward pressure on the stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Dominion Energy Inc (D) was upgraded by B of A Securities from Underperform to Neutral with a price target increase to $54. BMO Capital maintained a Market Perform rating and slightly increased the price target to $52. The company declared a quarterly dividend of 66.75 cents per share.
The upgrade from B of A Securities and the price target increase are positive indicators. The declared dividend reinforces the stock's attractiveness to income-focused investors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Northwest Natural Holding Co (NWN) has received a Buy rating from Stifel with a price target increase to $40 and a Neutral rating from Janney Montgomery Scott with a $39 price target. CEO David H. Anderson announced his retirement effective April 1, 2025.
The Buy rating and price target increase from Stifel are positive signals, likely boosting investor confidence. The CEO's retirement announcement is a long-term factor but may have a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100