Wall Street's Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts recommend holding three high-yielding utilities stocks: Atlantica Sustainable Infrastructure (AY), UGI Corporation (UGI), and Avista Corporation (AVA). These stocks offer dividend yields over 5% and have received mixed ratings from analysts.
June 20, 2024 | 12:27 pm
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NEUTRAL IMPACT
UGI Corporation (UGI) has a dividend yield of 6.79%. Analysts from Wells Fargo and Mizuho have maintained neutral ratings with slight adjustments to price targets. UGI subsidiaries have commenced a cash offer for senior notes.
The neutral ratings and minor price target adjustments suggest a stable outlook for UGI. The cash offer for senior notes is a significant financial move but does not indicate a major shift in stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Avista Corporation (AVA) has a dividend yield of 5.58%. It was upgraded by Mizuho and Guggenheim with increased price targets. The company posted better-than-expected quarterly sales.
The upgrades by Mizuho and Guggenheim, along with better-than-expected quarterly sales, indicate a positive short-term outlook for AVA's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Atlantica Sustainable Infrastructure (AY) has a dividend yield of 8.10%. It was downgraded by Seaport Global and had its price target raised by BMO Capital. The company is set to be acquired by Energy Capital Partners.
The acquisition news by Energy Capital Partners is likely to have a positive impact on AY's stock price in the short term, despite the downgrade by Seaport Global. The raised price target by BMO Capital also supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100