In times of market volatility, dividend-yielding stocks often become a haven for investors seeking stability and income. These companies typically generate strong free cash flow and reward shareholders with generous payouts. To assist investors in navigating this landscape, Benzinga offers insights from leading analysts on prominent stocks.
Let’s delve into the latest analyst takes on three high-yielding utilities stocks: Atlantica Sustainable Infrastructure (AY), Clearway Energy (CWEN), and Spire (SR).
Atlantica Sustainable Infrastructure (AY)
With a compelling dividend yield of 8.09%, Atlantica Sustainable has caught the attention of analysts. Angie Storozynski of Seaport Global downgraded the stock from Buy to Neutral on May 29, citing her accuracy rate of 73%. Conversely, James Thalacker of BMO Capital maintained a Market Perform rating while raising the price target from $20 to $23 on May 10, with an accuracy rate of 74%. Notably, Atlantica Sustainable reported better-than-expected quarterly sales on August 1, as highlighted by Benzinga Pro’s real-time newsfeed.
Clearway Energy (CWEN)
Clearway Energy, boasting a dividend yield of 5.56%, has attracted interest from analysts. Julien Dumoulin-Smith of Jefferies initiated coverage with a Buy rating and a price target of $35 on September 20, boasting an accuracy rate of 69%. On the other hand, Robert Kad of Morgan Stanley upgraded the stock from Equal-Weight to Overweight and increased the price target from $25 to $36 on July 31, backed by an accuracy rate of 80%. Clearway Energy reported a decline in second-quarter sales on August 1, as reported by Benzinga Pro’s real-time newsfeed.
Spire Inc. (SR)
Spire Inc., with a dividend yield of 4.55%, has been subject to mixed analyst opinions. Selman Akyol of Stifel maintained a Hold rating while raising the price target from $64 to $70 on August 1, citing his accuracy rate of 71%. However, Gabriel Moreen of Mizuho downgraded the stock from Buy to Neutral and lowered the price target from $64 to $62 on May 2, with an accuracy rate of 76%. Spire reported better-than-expected quarterly results on July 31, which Benzinga Pro’s charting tool helped identify.
By providing a detailed analysis of analyst ratings, dividend yields, and recent news for these utilities stocks, Benzinga empowers investors with valuable insights to make informed investment decisions. This comprehensive approach considers both the optimistic and cautious perspectives of analysts, enabling investors to navigate the dynamic world of dividend-paying stocks with greater confidence.
