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.
July 22, 2024 | 12:18 pm
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POSITIVE IMPACT
Avista Corporation (AVA) has a dividend yield of 5.17%. It was upgraded by Mizuho and Guggenheim with increased price targets. Avista will discuss its second quarter results on Aug. 7.
Upgrades from two analysts and increased price targets suggest a positive short-term outlook. Upcoming earnings call could further boost the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Atlantica Sustainable Infrastructure (AY) has a dividend yield of 8.07%. It was downgraded by Seaport Global from Buy to Neutral and had its price target raised by BMO Capital. The company is set to be acquired by Energy Capital Partners.
The downgrade by Seaport Global and the acquisition news create a mixed outlook. The acquisition could stabilize the stock, but the downgrade suggests limited upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
UGI Corporation (UGI) has a dividend yield of 6.16%. Analysts from Wells Fargo and Mizuho have maintained neutral ratings with slight adjustments to price targets. UGI is set to announce its third fiscal quarter earnings on Aug. 7.
Neutral ratings and minor price target adjustments indicate a stable but unexciting short-term outlook. Upcoming earnings could provide more direction.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100