Wall Street's Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 4% 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.

Southwest Gas Holdings, Inc. SWX

  • Dividend Yield: 4.24%
  • Wells Fargo analyst Sarah Akers maintained an Equal-Weight rating and cut the price target from $71 to $63 on March 2, 2023. This analyst has an accuracy rate of 69%.
  • JP Morgan analyst Richard Sunderland maintained a Neutral rating and lowered the price target from $78 to $75 on Feb. 7, 2023. This analyst has an accuracy rate of 62%.
  • Recent News: Southwest Gas reported better-than-expected first-quarter results.

Northwest Natural Holding Company NWN

  • Dividend Yield: 4.54%
  • Wells Fargo analyst Sarah Akers maintained an Equal-Weight rating and raised the price target from $49 to $50 on May 5, 2023. This analyst has an accuracy rate of 69%.
  • RBC Capital analyst Shelby Tucker reiterated a Sector Perform rating with a price target of $52 on March 10, 2023. This analyst has an accuracy rate of 71%.
  • Recent News: Northwest Natural posted upbeat results for the first quarter.

NorthWestern Corporation NWE

  • Dividend Yield: 4.52%
  • Ladenburg Thalmann analyst Paul Fremont initiated coverage on the stock with a Neutral rating and a price target of $57.5 on May 17, 2023. This analyst has an accuracy rate of 62%.
  • Wells Fargo analyst Jonathan Reeder maintained an Equal-Weight rating and raised the price target from $57 to $59 on April 28, 2023. This analyst has an accuracy rate of 68%.
  • Recent News: NorthWestern reported weaker-than-expected earnings for its first quarter.

 

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