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The Power Play: Analysts’ Top 3 Utilities Stocks for Smart Dividend Investments

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The Power Play: Analysts’ Top 3 Utilities Stocks for Smart Dividend Investments

Stability Amidst the Storm: The Appeal of Dividend-Yielding Stocks

In times of market turbulence, investors seek refuge in the safety and steady income of dividend-yielding stocks. These stalwarts of financial markets provide investors with a steady stream of income while weathering the storm of uncertainty.

The Analysts’ Pick: Delving Into the Best Dividend-Yielding Utility Stocks

When it comes to high-yielding stocks in the utilities sector, the top analysts have their sights set on three key players. Let’s take a closer look at their recommendations and recent developments.

NextEra Energy, Inc. NEE

  • Dividend Yield: 3.29%
  • Wells Fargo analyst Michael Blum maintains an Overweight rating and has raised the price target from $84 to $85 on March 19, 2024, boasting an impressive accuracy rate of 64%.
  • BMO Capital analyst James Thalacker also maintains an Outperform rating, increasing the price target from $76 to $77 on March 18, 2024, with a solid accuracy rate of 61%.
  • Recent News: NextEra Energy recently resolved a campaign finance complaint with the Federal Election Commission on March 13.

Essential Utilities, Inc. WTRG

  • Dividend Yield: 3.41%
  • Wells Fargo analyst Jonathan Reeder maintains an Overweight rating while adjusting the price target from $52 to $50 on May 10, 2023, with an accuracy rate of 60%.
  • RBC Capital analyst Shelby Tucker reiterated an Outperform rating with a price target of $54 on March 16, 2023, also boasting a 60% accuracy rate.
  • Recent News: Essential Utilities is gearing up to report earnings for the quarter ended March 31, 2024, on May 2, 2024.

Sempra SRE

  • Dividend Yield: 3.49%
  • Barclays analyst Eric Beaumont maintains an Overweight rating, raising the price target from $77 to $79 on March 14, 2024, boasting an accuracy rate of 68%.
  • Mizuho analyst Anthony Crowdell keeps a Buy rating, adjusting the price target from $83 to $79 on Jan. 25, 2024, with a 62% accuracy rate.
  • Recent News: Sempra Energy exceeded expectations with its quarterly earnings announcement on Feb. 27.

 

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