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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 2013JefferiesMaintainsHold
Nov 2013Wellington ShieldsUpgradesHoldBuy
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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