Below are the dividend stocks that were subject to analyst moves before the bell. Analysts weigh in with insight and commentary as to what you can expect going forward.
1. Cablevision Upgraded by Morgan Stanley
Morgan Stanley upgraded Cablevision (CVC) from Underweight to Equalweight, with a price target of $35 (from $22). Shares of Cablevision closed at $33.01 yesterday. The company pays an annual dividend of 60 cents (paid quarterly) and has a yield of 1.82%.
2. Entergy Corp. Upgraded by Goldman Sachs
Goldman Sachs upgraded Entergy Corp. (ETR ) from Sell to Neutral, with a price target of $69 (from $68). Shares of Entergy Corp. closed at $69.30 yesterday. The company pays an annual dividend of $3.32 (paid quarterly) and has a yield of 4.79%.
3. FirstEnergy Corp. Upgraded by Goldman Sachs
Goldman Sachs upgraded FirstEnergy Corp. (FE ) from Sell to Neutral, with a price target of $31 (from $28). Shares of FirstEnergy Corp. closed at $32.50 yesterday. The company pays an annual dividend of $1.44 (paid quarterly) and has a yield of 4.43%.
4. Consolidated Edison Downgraded by Goldman Sachs
Goldman Sachs downgraded Consolidated Edison (ED ) from Neutral to Sell, with a price target of $61. Shares of Consolidated Edison closed at $67.02 yesterday. The company pays an annual dividend of $2.60 (paid quarterly) and has a yield of 3.88%.
5. PPL Corp. Downgraded by Goldman Sachs
Goldman Sachs downgraded PPL Corp. (PPL ) from Buy to Neutral, with a price target of $33 (unchanged). Shares of PPL Corp. closed at $34.46 yesterday. The company pays an annual dividend of $1.51 (paid quarterly) and has a yield of 4.38%.
