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

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.

Ameren Corporation AEE

• Dividend Yield: 3.21%
• Wells Fargo analyst Neil Kalton maintained an Overweight rating and cut the price target from $101 to $94 on Aug. 4, 2023. This analyst has an accuracy rate of 67%
• B of A Securities analyst Julien Dumoulin-Smith maintained a Buy rating and increased the price target from $96 to $99 on April 11, 2023. This analyst has an accuracy rate of 67%.
• Recent News: Ameren posted better-than-expected results for the second quarter.

Sempra SRE

• Dividend Yield: 3.38%
• UBS analyst Daniel Ford maintained a Buy rating and lowered the price target from $95 to $89 on Oct. 4, 2023. This analyst has an accuracy rate of 70%.
• Barclays analyst Eric Beaumont initiated coverage on the stock with an Overweight rating and a price target of $156 on Aug. 23, 2023. This analyst has an accuracy rate of 70%.
• Recent News: Sempra Infrastructure, a subsidiary of Sempra, announced that Tania Ortiz Mena has been appointed president of Sempra Infrastructure.

NextEra Energy, Inc. NEE

• Dividend Yield: 3.51%
• Morgan Stanley analyst David Arcaro reiterated an Overweight rating with a price target of $91 on Oct. 4, 2023. This analyst has an accuracy rate of 60%.
• Goldman Sachs analyst Michael Lapides maintained a Buy rating and cut the price target from $83 to $72 on Oct. 2, 2023. This analyst has an accuracy rate of 60%.
• Recent News: NextEra Energy’s Florida Power & Light Company subsidiary penned a deal to sell Florida City Gas (FCG) to Chesapeake Utilities Corp for $923 million in cash.

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