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

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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 (NYSE: UNS);
  • Avista (NYSE: AVA);
  • Black Hills (NYSE: BKH);
  • PNM Resources (NYSE: PNM);
  • UIL Holdings (NYSE: UIL);
  • Pepco holdings (NYSE: POM);
  • Great Plains Energy (NYSE: GXP), and
  • Consolidated Edison (NYSE: ED).

On the other side the spectrum, Wynne noted a list of companies he believes would be most likely to sustain dividends:

  • CMS Energy (NYSE: CMS);
  • Edison International (NYSE: EIX);
  • Wisconsin Energy (NYSE: WEC);
  • OGE Energy (NYSE: OGE);
  • El Paso Electric (NYSE: EE) and,
  • Integrys Energy Group (NYSE: TEG).

Wynne believes Edison and El Paso shares are undervalued while Pepco is overvalued.

Latest Ratings for UNS

DateFirmActionFromTo
Nov 2013Wellington Shields & Co.UpgradesHoldBuy
Nov 2013JefferiesMaintainsHold
Jul 2013Compass PointMaintainsNeutral

View More Analyst Ratings for UNS
View the Latest Analyst Ratings

Posted-In: Analyst Color News Dividends Analyst Ratings

 

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