4 Dividend Stock Picks of David Einhorn’s Greenlight Capital

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1. Teck Resources Ltd (NYSE:TECK)

Greenlight Capital’s Stake Value: $97.87 million

Greenlight Capital’s 13F Portfolio: 5.59%

Number of Hedge Fund Holders: 25

Dividend Yield (as of April 28): 1.00%

Teck Resources Ltd (NYSE:TECK) is the largest dividend-paying stock holding of David Einhorn’s Greenlight Capital as of the fourth quarter. Einhorn owned 3.39 million shares of the firm at a value of $97.9 million which amounted to 5.59% of the fund’s overall portfolio. Teck Resources Ltd (NYSE:TECK) is a Canadian natural resource company which mines and explores for coal, copper, zinc and other minerals around the world.

On April 20, Raymond James analyst Brian MacArthur raised the firm’s price target on Teck Resources to C$64 from C$58 and maintained an Outperform rating on the company shares. As of April 22, shares of Teck Resources Ltd (NYSE:TECK) have gained 77.34% in the last 12 months, and 33.60% year-to-date.

25 hedge funds reported bullish bets on Teck Resources Ltd (NYSE:TECK) shares in Q4 2021 with aggregate holdings worth $1.62 billion. In contrast, 41 hedge funds were long on the company shares a quarter ago.

EPS for the fourth quarter was recorded at $1.98, which beat estimates by $0.11. Quarterly revenue came in at $3.44 billion for Teck Resources Ltd (NYSE:TECK), which showed an impressive jump of more than 70% year-on-year.

You can also take a look at Top 10 Logistics Companies In The World and Billionaire Louis Bacon’s Top 10 Stock Picks.

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