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Wall Street's Most Accurate Analysts Give Their Take On 3 Utilities Stocks With Over 4% Dividend Yields

Benzinga ·  Dec 24 22:02

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can review the latest analyst takes on their favorite stocks by visiting Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector.

Clearway Energy, Inc. (NYSE:CWEN)

  • Dividend Yield: 6.44%
  • Jefferies analyst Julien Dumoulin-Smith initiated coverage on the stock with a Buy rating and a price target of $35 on Sept. 20. This analyst has an accuracy rate of 66%.
  • Morgan Stanley analyst Robert Kad upgraded the stock from Equal-Weight to Overweight and increased the price target from $25 to $36 on July 31. This analyst has an accuracy rate of 77%.
  • Recent News: On Nov. 25, Clearway Energy entered into binding agreement to acquire Operational Tuolumne Wind Project from Turlock Irrigation District.
  • Benzinga Pro's real-time newsfeed alerted to latest CWEN news.
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Eversource Energy (NYSE:ES)

  • Dividend Yield: 5.00%
  • BMO Capital analyst James Thalacker maintained a Market Perform rating and cut the price target from $74 to $72 on Oct. 15. This analyst has an accuracy rate of 68%.
  • Barclays analyst Eric Beaumont maintained an Equal-Weight rating and raised the price target from $69 to $72 on Oct. 15. This analyst has an accuracy rate of 71%.
  • Recent News: On Nov. 4, Eversource Energy posted upbeat quarterly earnings.
  • Benzinga Pro's real-time newsfeed alerted to latest ES news
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Spire Inc. (NYSE:SR)

  • Dividend Yield: 4.71%
  • Mizuho analyst Gabriel Moreen upgraded the stock from Neutral to Outperform and raised the price target from $65 to $76 on Dec. 20. This analyst has an accuracy rate of 77%.
  • Janney Montgomery analyst Michael Gaugler initiated coverage on the stock with a Neutral rating and a price target of $73 on Dec. 17. This analyst has an accuracy rate of 74%.
  • Recent News: On Nov. 20, Spire reported a loss for the fourth quarter.
  • Benzinga Pro's charting tool helped identify the trend in SR stock.
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