Check Out 3 High-Yielding Dividend Stocks In Utilities Sector From Wall Street's Most Accurate Analysts

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.

Dominion Energy, Inc. D

  • Dividend Yield: 5.56%
  • Guggenheim analyst Shahriar Pourreza maintained a Buy rating and cut the price target from $60 to $56 on July 11, 2023. This analyst has an accuracy rate of 64%.
  • Seaport Global analyst Angie Storozynski upgraded the stock from Neutral to Buy with a price target of $59 on June 5, 2023. This analyst has an accuracy rate of 76%.
  • Recent News: Dominion Energy reported second-quarter FY23 revenue growth of 5.5% year-over-year to $3.79 billion, exceeding the consensus of $3.67 billion.

Avangrid, Inc. AGR

  • Dividend Yield: 5.15%
  • B of A Securities analyst Julien Dumoulin-Smith maintained an Underperform rating and cut the price target from $37 to $34 on April 3, 2023. This analyst has an accuracy rate of 69%.
  • Wells Fargo analyst Neil Kalton maintained an Equal-Weight rating and cut the price target from $48 to $43 on Feb. 23, 2023. This analyst has an accuracy rate of 71%.
  • Recent News: Avangrid reported lower-than-expected second-quarter earnings results.

Portland General Electric Company POR

Dividend Yield: 4.28%

  • Guggenheim analyst Shahriar Pourreza maintained a Neutral rating and cut the price target from $50 to $48 on July 7, 2023. This analyst has an accuracy rate of 64%.
  • B of A Securities analyst Julien Dumoulin-Smith upgraded the stock from Neutral to Buy with a price target of $52 on March 14, 2023. This analyst has an accuracy rate of 69%.
  • Recent News: Portland Gen Electric posted downbeat quarterly earnings.

 

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