These 3 Utilities Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

Three utilities stocks with over 3% dividend yields are recommended by Wall Street's most accurate analysts. Essential Utilities, Inc. has a dividend yield of 3.12%, The AES Corporation has a dividend yield of 3.21%, and The Southern Company has a dividend yield of 3.63%. These stocks have received positive ratings and price targets from analysts. Recent news includes positive quarterly earnings for Essential Utilities and a sale of equity interest in AES Brasil by AES. Southern Company reported a decline in operating revenue for the first quarter of 2024.

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.

Essential Utilities, Inc. WTRG

Dividend Yield: 3.12%
Baird analyst Ben Kallo maintained an Outperform rating and cut the price target from $44 to $43 on May 6. This analyst has an accuracy rate of 64%.
Evercore ISI Group analyst Durgesh Chopra maintained an Outperform rating and cut the price target from $51 to $42 on March 4. This analyst has an accuracy rate of 63%.
Recent News: On May 2, Essential Utilities posted better-than-expected quarterly earnings.

The AES Corporation AES

Dividend Yield: 3.21%
Mizuho analyst Anthony Crowdellinitiated coverage on the stock with a Buy rating and a price target of $21 on April 18. This analyst has an accuracy rate of 64%.
RBC Capital analyst Shelby Tuckerreiterated an Outperform rating with a price target of $22 on April 9. This analyst has an accuracy rate of 66%.
Recent News: On May 15, AES agreed to sell its equity interest in AES Brasil to Auren Energia for $640 million.

The Southern Company SO

Dividend Yield: 3.63%
Mizuho analyst Anthony Crowdell maintained a Buy rating and increased the price target from $73 to $76 on April 2. This analyst has an accuracy rate of 64%.
BMO Capital analyst JamesThalackerreiterated an Outperform rating and raised the price target from $72 to $76 on April 1. This analyst has an accuracy rate of 69%.
Recent News: On May 2, Southern Company reported a first-quarter 2024 operating revenue decline of 2.6% year-over-year to $6.646 billion, missing the consensus of $6.558 billion.

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