These 3 Utilities Stocks With Over 3% Dividend Yields Are Recommended By 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.

Sempra SRE

• Dividend Yield: 3.25%
• Barclays analyst Eric Beaumont maintained an Overweight rating and cut the price target from $78 to $76 on Oct. 24, 2023. This analyst has an accuracy rate of 70%.
• UBS analyst Daniel Ford maintained a Buy rating and slashed the price target from $95 to $89 on Oct. 4, 2023. This analyst has an accuracy rate of 70%.
• Recent News: Sempra promoted Karen L. Sedgwick, to be the Executive Vice President and CFO, effective Jan. 1, 2024.

Xcel Energy Inc. XEL

• Dividend Yield: 3.39%
• Mizuho analyst Anthony Crowdell maintained a Buy rating and cut the price target from $69 to $62 on Oct. 24, 2023. This analysts has an accuracy rate of 60%.
• B of A Securities analyst Julien Dumoulin-Smith upgraded the stock from Neutral to Buy and increased the price target from $58 to $66 on Oct. 6, 2023. This analyst has an accuracy rate of 67%.
• Recent News: On Oct. 27, Xcel Energy posted downbeat earnings for the third quarer.

Public Service Enterprise PEG

• Dividend Yield: 3.60%
• JP Morgan analyst Jeremy Tonet maintained an Overweight rating and raised the price target from $68 to $70 on Dec. 1, 2023. This analyst has an accuracy rate of 60%.
• Barclays analyst Eric Beaumont maintained an Overweight rating and increased the price target from $62 to $64 on Nov. 2, 2023. This analyst has an accuracy rate of 70%.
• Recent News: On Oct. 31, Public Service Enterprise posted upbeat third-quarter earnings.

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