Wall Street's Most Accurate Analysts Spotlight On 3 Utilities Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have spotlighted three high-dividend-yielding utilities stocks: Portland General Electric Company (NYSE:POR), ALLETE, Inc. (NYSE:ALE), and Clearway Energy, Inc. (NYSE:CWEN). Analysts have provided updated ratings and price targets for these stocks, with recent earnings reports influencing their outlooks.
August 05, 2024 | 5:34 pm
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NEUTRAL IMPACT
ALLETE, Inc. (NYSE:ALE) has received updated ratings from analysts, with Mizuho maintaining a Neutral rating and raising the price target to $67. The company recently posted downbeat quarterly results.
The neutral analyst rating and increased price target are offset by the recent downbeat quarterly results, leading to a neutral short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Clearway Energy, Inc. (NYSE:CWEN) has received updated ratings from analysts, with Morgan Stanley upgrading the stock to Overweight and raising the price target to $36. The company recently posted a decline in second-quarter sales.
The upgrade to Overweight and increased price target by Morgan Stanley are likely to positively influence the stock price, despite the recent decline in sales.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Portland General Electric Company (NYSE:POR) has received updated ratings from analysts, with Barclays maintaining an Overweight rating and raising the price target to $48. The company recently posted better-than-expected quarterly results.
The positive analyst rating and increased price target, combined with better-than-expected quarterly results, are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80