Wall Street's Most Accurate Analysts Weigh In On 3 Utilities Stocks With Over 4% Dividend Yields
Portfolio Pulse from Avi Kapoor
Analysts have provided updated ratings on three high-yielding utility stocks: Atlantica Sustainable Infrastructure (AY), Clearway Energy (CWEN), and Spire Inc. (SR). These stocks offer dividend yields over 4%, attracting investors during market uncertainty.
October 28, 2024 | 11:52 am
News sentiment analysis
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NEGATIVE IMPACT
Spire Inc. (SR) was downgraded to Sell by Ladenburg Thalmann, while Wells Fargo raised its price target. The company will discuss Q4 2024 results soon.
The downgrade to Sell by Ladenburg Thalmann is likely to negatively impact SR's stock price, despite the raised price target by Wells Fargo.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Atlantica Sustainable Infrastructure (AY) has been downgraded by Seaport Global to Neutral, while BMO Capital raised its price target. The stock recently posted better-than-expected sales.
The downgrade by Seaport Global may exert downward pressure, but the raised price target by BMO Capital and strong sales performance could offset this, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Clearway Energy (CWEN) received a Buy rating from Jefferies and an upgrade from Morgan Stanley, with increased price targets. The company will report Q3 2024 results soon.
The positive ratings and increased price targets from reputable analysts suggest a likely upward movement in CWEN's stock price, especially with upcoming financial results.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85