Wall Street’s Most Accurate Analysts Spotlight On 3 Utilities Stocks Delivering High-Dividend Yields – Portland Gen Electric (NYSE:POR)

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.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector.

Portland General Electric Company POR

• Dividend Yield: 4.33%
• Barclays analyst Nicholas Campanella maintained an Overweight rating and raised the price target from $44 to $48 on July 22. This analyst has an accuracy rate of 65%.
• Mizuho analyst Anthony Crowdell maintained a Neutral rating and boosted the price target from $42 to $45 on May 16. This analyst has an accuracy rate of 63%.
• Recent News: On July 26, Portland General Electric posted better-than-expected quarterly results.
• Benzinga Pro’s real-time newsfeed alerted to latest POR news

ALLETE, Inc. ALE

• Dividend Yield: 4.39%
• Mizuho analyst Anthony Crowdellmaintained a Neutral rating and increased the price target from $57 to $67 on May 16. This analyst has an accuracy rate of 63%.
• Wells Fargo analyst Sarah Akers maintained an Equal-Weight rating and raised the price target from $57 to $59 on Feb. 21. This analyst has an accuracy rate of 70%.
• Recent News: On Aug. 1, ALLETE posted downbeat quarterly results.
• Benzinga Pro’s charting tool helped identify the trend in ALE’s stock.

Clearway Energy, Inc. CWEN

• Dividend Yield: 6.05%
• Morgan Stanley analyst Robert Kadupgraded the stock from Equal-Weight to Overweight and boosted the price target from $25 to $36 on July 31. This analyst has an accuracy rate of 80%.
• Oppenheimer analyst Noah Kaye maintained an Outperform rating and raised the price target from $33 to $37 on Jan. 19. This analyst has an accuracy rate of 70%.
• Recent News: On Aug. 1, Clearway Energy posted a decline in second-quarter sales.
• Benzinga Pro’s signals feature notified of a potential breakout in CWEN’s shares.

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