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: 3.34%
- 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 62%.
- 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 65%.
- Recent News: NextEra Energy recently posted better-than-expected fourth-quarter earnings.
- Dividend Yield: 4.17%
- Citigroup analyst Ryan Levine initiated coverage on the stock with a Buy rating and a price target of $82 on Dec. 8, 2023. This analyst has an accuracy rate of 62%.
- Mizuho analyst Anthony Crowdell maintained a Buy rating and lowered the price target from $76 to $73 on Nov. 21, 2023. This analyst has an accuracy rate of 59%.
- Recent News: Southern Company said it plans to release its earnings for the fourth quarter on Feb. 15, 2024.
- Dividend Yield: 4.30%
- B of A Securities analyst Julien Dumoulin-Smith maintained a Buy rating and cut the price target from $104 to $103 on Dec. 22, 2023. This analyst has an accuracy rate of 67%.
- Wells Fargo analyst Neil Kalton upgraded the stock from Equal-Weight to Overweight and raised the price target from $94 to $103 on Nov. 30, 2023. This analyst has an accuracy rate of 65%.
- Recent News: Duke Energy is scheduled to post its fourth-quarter financial results on Feb. 8, 2024.
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