Wall Street analysts back three dividend stocks — CNBC
In the United States, analysts at Goldman Sachs, RBC Capital and BMO Capital reaffirmed buy ratings on securities of Chevron, Enterprise Products Partners and Brookfield Infrastructure Partners. CNBC reports, citing data from the TipRanks platform, which tracks analysts’ performance.
Chevron and production projects
Goldman Sachs analyst Neil Mehta maintained a buy rating on Chevron shares and raised the price target from $225 to $240. Earlier in September, the company paid a quarterly dividend of $1.78 per share. On an annualized basis, this amounts to $7.12 per share, with a dividend yield of about 3.5%.
Mehta drew attention to Chevron’s portfolio of international exploration projects in Latin America, the Middle East, West Africa and the Eastern Mediterranean. According to him, in Venezuela Chevron expects to increase gross production from about 280,000 to 600,000 barrels per day by 2031 through three joint ventures.
Chevron is also applying new technologies in shale and tight oil production. Optimization of artificial lift, artificial intelligence, machine learning and chemical technologies are expected by the company to raise the recovery factor by about 10% in new wells. Capital expenditures per barrel in the U.S. shale sector are expected to decline by 25% in 2026, while total spending in the Permian Basin is set to fall to less than $3.5 billion.
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Enterprise Products Partners
RBC Capital analyst Elvira Scotto reaffirmed a buy rating on Enterprise Products Partners units with a $42 price target. The partnership provides midstream services to producers and consumers of natural gas, natural gas liquids, crude oil, refined products and petrochemicals.
EPD’s quarterly cash distribution is 56 cents per common unit, or $2.24 annually. This corresponds to an estimated yield of about 6%. Scotto slightly lowered her estimates for the second half of 2026 due to normalization of margins and volumes, but maintained a positive view of the company. She expects repurchases of common units totaling $150 million per quarter in the second half of 2026 and $200 million per quarter in 2027.
Brookfield Infrastructure Partners
BMO Capital analyst Devin Dodge reaffirmed a buy rating on Brookfield Infrastructure Partners units with a $47 price target. The partnership has a diversified portfolio of assets in utilities, transportation, energy infrastructure and data. BIP announced a quarterly distribution of 45.5 cents per unit, which, at an annual rate of $1.82, corresponds to a yield of 5.2%.
Dodge cited improved visibility into BIP’s growth and the proposed simplification of its corporate structure as growth drivers. He also expects the semiconductor fabrication plants that BIP is developing together with Intel to be fully operational by the end of 2026. In his estimate, the joint venture could increase funds from operations by 300–400 basis points.
