Wall Street's Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 3% Dividend Yields - Con

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. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.

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

PNM Resources, Inc. (NYSE:PNM)

Dividend Yield: 3.02%
Mizuho analyst Anthony Crowdell downgraded the stock from Buy to Neutral and cut the price target from $51 to $50.3 on Jan. 9, 2023. This analyst has an accuracy rate of 62%.
Wells Fargo analyst Jonathan Reeder downgraded the stock from Overweight to Equal-Weight and cut the price target from $53 to $45 on Oct. 20, 2022. This analyst has an accuracy rate of 70%.
Recent News: PNM Resources posted downbeat quarterly earnings.

Consolidated Edison, Inc. (NYSE:ED)

Dividend Yield: 3.39%
RBC Capital analyst Shelby Tucker maintained a Sector Perform rating and raised the price target from $94 to $95 on Feb. 27, 2023. This analyst has an accuracy rate of 65%.
Citigroup analyst Ryan Levine maintained a Neutral rating and boosted the price target from $92 to $103 on Feb. 22, 2023. This analyst has an accuracy rate of 70%.
Recent News: Con Edison reported a $1 billion accelerated share repurchase of its common shares.

Exelon Corporation (NYSE:EXC)

Dividend Yield: 3.44%

Wells Fargo analyst Neil Kalton maintained an Equal-Weight rating and cut the price target from $49 to $42 on Oct. 19, 2022. This analyst has an accuracy rate of 70%.
Keybanc analyst Sophie Karp downgraded the stock from Overweight to Sector Weight on Oct. 20, 2022. This analyst has an accuracy rate of 65%.
Recent News: Exelon posted in-line quarterly earnings.

EDConsolidated Edison Inc

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