In this article, we will take a look at the 5 52-week low dividend stocks to consider. You can skip this part and go to 12 52-Week Low Dividend Stocks To Consider.
5. NRG Energy, Inc. (NYSE:NRG)
Number of Hedge Fund Holders: 27
NRG Energy, Inc. (NYSE:NRG) is a high-yield divided stock that is trading in its 52-week low window. NRG Energy, Inc. (NYSE:NRG) has a dividend yield of over 4% as of January 17.
In December, Bank of America upgraded NRG Energy (NYSE:NRG) to Neutral from Underperform. The bank said that the decline in NRG Energy, Inc. (NYSE:NRG) price after the company said it would buy Vivint Smart Home (NYSE:VVNT) for $5.2 billion improved its valuation.
The bank also cited some insider buying activity, according to which NRG Energy, Inc. (NYSE:NRG)’s chief executive and five directors bought about 46,000 shares at roughly $32 each. The bank said that the buying activity shows “managerial confidence.”
As of the end of the third quarter, 27 hedge funds tracked by Insider Monkey had stakes in NRG Energy. The total value of these stakes was $1.2 billion.
4. Hormel Foods Corporation (NYSE:HRL)
Number of Hedge Fund Holders: 29
Hormel Foods Corporation (NYSE:HRL)’s 52-week low stock price is $44.21 while its stock price as of January 17 is $46.82 as of writing. Hormel Foods Corporation (NYSE:HRL) still presents an attractive buying opportunity for those who are looking to pile into dividend-paying stocks that are hovering in their 52-week low ranges. As of the end of the third quarter, 29 hedge funds tracked by Insider Monkey reported having stakes in Hormel Foods Corporation (NYSE:HRL). The total value of these stakes was $456 million.
Earlier this month, investment firm Argus reiterated its Buy rating on Hormel Foods Corporation (NYSE:HRL) and gave a price target of $54.
3. L3Harris Technologies, Inc. (NYSE:LHX)
Number of Hedge Fund Holders: 39
L3Harris Technologies, Inc. (NYSE:LHX) is one of the best 52-week low dividend-paying stocks to consider. L3Harris Technologies, Inc. (NYSE:LHX) hit a new 52-week low earlier this month. L3Harris Technologies, Inc. (NYSE:LHX) recently said it will buy Aerojet Rocketdyne (NYSE:AJRD) for $4.7 billion in all-cash deal, including debt.
L3Harris Technologies, Inc. (NYSE:LHX) has been increasing its dividends consistently for the past 21 years. Morgan Stanley in December 2022 upgraded L3Harris Technologies (NYSE:LHX) to Overweight from Equal weight.
As of the end of the third quarter, 39 hedge funds tracked by Insider Monkey reported having stakes in L3Harris Technologies, Inc. (NYSE:LHX) Technologies, Inc. (NYSE:LHX), compared to 34 funds in the previous quarter. The total value of these stakes was $680 million.
2. Baxter International Inc. (NYSE:BAX)
Number of Hedge Fund Holders: 42
Baxter International Inc. (NYSE:BAX) is an Illinois-based healthcare company. Baxter International Inc. (NYSE:BAX) is hovering around near its 52-week low. Baxter International Inc. (NYSE:BAX) has a dividend yield of about 2.6% as of January 17. Bank of America recently downgraded Baxter International (NYSE:BAX), citing replacement capex. BofA trimmed its price target for Baxter International Inc. (NYSE:BAX) to $55 from $66. Wells Fargo analyst Larry Biegelsen decreased the price target for Baxter International Inc. (NYSE:BAX) to $52 from $57 earlier this month. The price target cut came after Baxter International Inc. (NYSE:BAX) announced to spin off its Renal and Acute Therapies units into an independent company and explore strategic alternatives for BPS.
1. CVS Health Corporation (NYSE:CVS)
Number of Hedge Fund Holders: 67
CVS Health Corporation (NYSE:CVS) is one of the most notable stocks in the US that pay dividends. In December CVS Health Corporation (NYSE:CVS) announced a significant raise for its dividend. Recently, CVS Health Corporation (NYSE:CVS) was downgraded by Evercore ISI to In Line from Perform. CVS Health Corporation (NYSE:CVS) cited an uncertain outlook for the ratings cut. CVS Health Corporation (NYSE:CVS)’s analysts also talked about a “highly competitive” annual enrollment period (AEP) for CVS Health Corporation (NYSE:CVS).
As of the end of the third quarter, 67 hedge funds tracked by Insider Monkey reported having stakes in CVS Health Corporation (NYSE:CVS) as of the end of the third quarter. The biggest stakeholder of CVS Health Corporation (NYSE:CVS) was Cliff Asness’ AQR Capital, which owns a $366 million stake in CVS Health Corporation (NYSE:CVS).
You can also take a peek at 12 Best Holding Company Stocks To Invest In and 12 Best Bid Data Stocks To Buy.
