Wall Street Analysts Back Three Dividend Stocks With Growth Potential

Three dividend stocks have received buy ratings from Wall Street analysts at Goldman Sachs, RBC Capital, and BMO Capital. Chevron's shares are a prime example of this trend, with analyst Neil Mehta maintaining a buy rating and raising the price target to $240 per share from $225. This comes after Chevron paid out a quarterly dividend of $1.78 per share in September, amounting to an annualized payment of $7.12 per share with a dividend yield of around 3.5%. One key aspect driving Mehta's optimism is Chevron's international exploration projects, particularly in Latin America and the Middle East.

Mehta points out that Chevron expects its production from Venezuela to increase significantly through three joint ventures by 2031, reaching an impressive 600,000 barrels per day. Additionally, the company is implementing new technologies such as artificial lift, machine learning, and chemical technologies to boost recovery rates in shale and tight oil production.

Meanwhile, Enterprise Products Partners has also received a buy rating from RBC Capital analyst Elvira Scotto. She maintains a price target of $42 per share and highlights the company's quarterly cash distribution of 56 cents per common unit, which translates to an estimated yield of around 6%. While Scotto slightly lowered her estimates for the second half of 2026 due to normalization of margins and volumes, she remains positive about the company.

Lastly, Brookfield Infrastructure Partners has received a buy rating from BMO Capital analyst Devin Dodge. He maintains a price target of $47 per share and notes that the partnership's quarterly distribution of 45.5 cents per unit amounts to an annual rate of $1.82 with a yield of around 5.2%. Dodge cites improved visibility into growth drivers, including the proposed simplification of its corporate structure, as well as the expected operationalization by the end of 2026 of semiconductor fabrication plants jointly developed with Intel.