5 Best Dividend Stocks To Buy According to Arosa Capital Management

3. Clearway Energy, Inc. (NYSE:CWEN)

Number of Hedge Fund Holders: 17
Dividend Yield as of February 16: 4.16%
Arosa Capital’s Stake Value: $5,405,000

Clearway Energy, Inc. (NYSE:CWEN) is an American energy company that is also one of the largest operators of clean energy in the country. In Q3 2021, the company announced a 1.6% increase in its quarterly dividend at $0.34 per share. The stock’s dividend yield stands at 4.16%.

The number of hedge funds in Insider Monkey’s database having stakes in Clearway Energy, Inc. (NYSE:CWEN) stood at 17 in Q3 2021, down from 21 in the previous quarter. The total value of these stakes is over $151.6 million. Jim Simons’ Renaissance Technologies held the largest stake in the company in Q3, worth $34.5 million.

In Q4 2021, Arosa Capital Management held a stake worth over $5.4 million in Clearway Energy, Inc. (NYSE:CWEN), after increasing its position in the company by 50%. The company made up 1.33% of the hedge fund’s portfolio. This December, Morgan Stanley raised its price target on Clearway Energy, Inc. (NYSE:CWEN) to $37, with an Equal Weight rating on the shares, as the firm upgraded its Clean Tech industry view to Attractive.