Bernstein Offers List of Names in Utilities Sector Unlikely to Maintain Dividends

Bernstein analyst Hugh Wynne published a report Friday highlighting regulated utilities companies which have frozen or cut their dividends have strongly underperformed the sector. Wynne sees the following companies as least likely to sustain their dividends:
  • UNS Energy UNS;
  • Avista AVA;
  • Black Hills BKH;
  • PNM Resources PNM;
  • UIL Holdings UIL;
  • Pepco holdings POM;
  • Great Plains Energy GXP, and
  • Consolidated Edison ED.
On the other side the spectrum, Wynne noted a list of companies he believes would be most likely to sustain dividends:
  • CMS Energy CMS;
  • Edison International EIX;
  • Wisconsin Energy WEC;
  • OGE Energy OGE;
  • El Paso Electric EE and,
  • Integrys Energy Group TEG.
Wynne believes Edison and El Paso shares are undervalued while Pepco is overvalued.
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Posted In: Analyst ColorNewsDividendsAnalyst Ratings
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