Wall Street's Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields

Wall Street's Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend YieldsWall Street's Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields
Wall Street's Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

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.

Don’t Miss:

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

Atlantica Sustainable Infrastructure plc  (NASDAQ:AY)

Dividend Yield: 8.07%

Seaport Global analyst Angie Storozynski downgraded the stock from Buy to Neutral on May 29. This analyst has an accuracy rate of 74%. BMO Capital analyst James Thalacker maintained a Market Perform rating and raised the price target from $20 to $23 on May 10. This analyst has an accuracy rate of 66%.

Recent News: On May 28, the company announced it entered into a definitive agreement to be acquired by Energy Capital Partners.
Benzinga Pro’s real-time newsfeed alerted to latest AY news

UGI Corporation (NYSE:UGI)

Dividend Yield: 6.16%

Wells Fargo analyst Sarah Akers maintained an Equal-Weight rating and cut the price target from $28 to $27 on May 3. This analyst has an accuracy rate of 66%. Mizuho analyst Gabriel Moreen maintained a Neutral rating and raised the price target from $26 to $27 on April 17. This analyst has an accuracy rate of 74%.

Recent News: UGI is scheduled to announce the results of its third fiscal quarter earnings after the closing bell on Aug. 7.

Benzinga Pro’s charting tool helped identify the trend in UGI’s stock.

Don’t miss out: earn 8-15% expected returns by investing in fractional real estate. Get started with only $10.

Avista Corporation (NYSE:AVA)

Dividend Yield: 5.17%

Mizuho analyst Anthony Crowdell upgraded the stock from Underperform to Neutral and raised the price target from $32 to $36 on May 3. This analyst has an accuracy rate of 63%. Guggenheim analyst Shahriar Pourreza upgraded the stock from Sell to Neutral with a price target of $34 on Jan. 22. This analyst has an accuracy rate of 61%.

Recent News: Avista is expected to hold its quarterly conference call and webcast to discuss second-quarter results on Wednesday, Aug. 7.
Benzinga Pro’s signals feature notified of a potential breakout in AVA’s shares.

There Are Better High-Yield Opportunities

The current high-interest-rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks... Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified some of the most attractive options for you to consider.

For instance, Basecamp Alpine Notes offers a target APY of 9% with a term of only three months, making it a powerful short-term cash management tool with incredible flexibility. EquityMultiple has issued 61 Alpine Notes Series and has met all payment and funding obligations with no missed or late interest payments. With a low minimum investment of just $1,000, Basecamp Alpine Notes makes it easier than ever to start building a high-yield portfolio. 

Don't miss out on this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga's favorite high-yield offerings.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

This article Wall Street's Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields originally appeared on Benzinga.com

Advertisement