![]() ![]() ![]() Eight of the 25 analysts covering the stock tracked by S&P Global Market Intelligence call CVX a Hold, but 10 rate it a Strong Buy, and another six say Buy. UBS isn't in the majority with its rating, however. "Chevron's strong financial status placed it rather uniquely in the context of its peers that would ordinarily all be looking for acquisition opportunities at the bottom of the cycle (although some may now be more focused in the renewables space)," said UBS, which rates shares at Hold. UBS applauded the deal, calling it a "bolt-on at an extremely attractive price" and noting that few firms but CVX could have pulled it off. In early October, Chevron ( CVX, $73.40), one of the highest-yielding dividend stocks on this list, completed its acquisition of Noble Energy, which had a market value of more than $4 billion as a publicly traded company. The lone energy play among the 30 Dow stocks is getting bigger – much bigger. The pros' average price target of $46 per share gives EXC implied upside of about 12% over the next 12 months or so. Of the 19 analysts covering the dividend stock who are tracked by S&P Global Market Intelligence, seven rate it at Strong Buy, seven say Buy, three have it at Hold and one says Sell. We see the defensive characteristics of utilities such as Exelon as particularly attractive during periods of low interest rates." ![]() "The current yield … is above the average for electric utility stocks. "Exelon is one of a few utilities that we think can serve as a core holding in a diversified portfolio, based on the company's positive results and guidance outperformance," says Argus Research (Buy), which covers a large number of energy stocks. That bodes well for Exelon ( EXC, $40.98), a utility that generates electricity from nuclear, fossil, wind, hydroelectric, biomass and solar generating plants.Īnd with bonds bearing paltry yields, utility stocks such as Exelon have become more attractive for cautious income investors. The coronavirus crisis has hurt commercial and industrial demand for energy, but it has also boosted residential demand. ![]()
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