Benzinga - by Avi Kapoor, Benzinga Staff Writer.
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 our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector.
NextEra Energy, Inc. (NYSE: NEE)
- Dividend Yield: 3.02%
- Citigroup analyst Ryan Levine initiated coverage on the stock with a Buy rating and a price target of $69 on Dec. 8, 2023. This analyst has an accuracy rate of 64%.
- JP Morgan analyst Christopher Turnure maintained an Overweight rating and raised the price target from $65 to $67 on Nov. 29, 2023. This analyst has an accuracy rate of 66%.
- Recent News: Sempra promoted Karen L. Sedgwick, to be the Executive Vice President and CFO.
- Dividend Yield: 3.13%
- JP Morgan analyst Christopher Turnure upgraded the stock from Neutral to Overweight and raised the price target from $78 to $86 on Dec. 12, 2023. This analyst has an accuracy rate of 66%.
- Barclays analyst Eric Beaumont maintained an Overweight rating and slashed the price target from $78 to $76 on Oct. 24, 2023. This analyst has an accuracy rate of 70%.
- Recent News: Regency Centers, last month, announced the acquisition of The Longmeadow Shops in Longmeadow, MA.
- Dividend Yield: 3.27%
- Barclays analyst Eric Beaumont maintained an Equal-Weight rating and cut the price target from $60 to $57 on Oct. 10, 2023. This analyst has an accuracy rate of 70%.
- B of A Securities analyst Julien Dumoulin-Smith upgraded the stock from Neutral to Buy and increased the price target from $58 to $66 on Oct. 6, 2023. This analyst has an accuracy rate of 67%.
- Recent News: On Oct. 27, Xcel Energy posted downbeat earnings for the third quarer.
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