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Wall Street's Most Accurate Analysts Say Hold These 3 Energy Stocks Delivering High-Dividend Yields

Published 24/08/2023, 13:03
© Reuters.  Wall Street's Most Accurate Analysts Say Hold These 3 Energy Stocks Delivering High-Dividend Yields
DTE
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KMI
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Benzinga - by Lisa Levin, Benzinga Editor. 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 energy sector.

Kinder Morgan, Inc. (NYSE: KMI)

  • Dividend Yield: 6.55%
  • Stifel analyst Selman Akyol maintained a Hold rating and increased the price target from $21 to $22 on Aug. 1, 2023. This analyst has an accuracy rate of 66%.
  • Barclays analyst Theresa Chen maintained an Equal-Weight rating and cut the price target from $21 to $20 on April 18, 2023. This analyst has an accuracy rate of 71%.
  • Recent News: Kinder Morgan posted in-line earnings for the second quarter.
Equitrans Midstream Corporation (NYSE: ETRN)
  • Dividend Yield: 6.19%
  • Citigroup analyst Spiro Dounis reiterated a Neutral rating with a price target of $9.25 on July 11, 2023. This analyst has an accuracy rate of 66%.
  • Wells Fargo analyst Michael Blum maintained an Equal-Weight rating and raised the price target from $7 to $8 on June 5, 2023. This analyst has an accuracy rate of 73%.
  • Recent News: Equitrans Midstream posted better-than-expected second-quarter earnings.
DT Midstream, Inc. (NYSE: DTM)
  • Dividend Yield: 5.31%
  • Citigroup analyst Spiro Dounis upgraded the stock from Sell to Neutral with a price target of $54 on Feb. 23, 2023. This analyst has an accuracy rate of 66%.
  • Wells Fargo analyst Michael Blum downgraded the stock from Overweight to Equal-Weight and cut the price target from $68 to $62 on Dec. 16, 2022. This analyst has an accuracy rate of 73%.
  • Recent News: DT Midstream posted better-than-expected quarterly earnings.

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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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