5 Best Stocks To Buy For Beginners Right Now

1. The AES Corporation (NYSE:AES)

Share Price as of April 7: $25.23

Number of Hedge Fund Holders: 41

The AES Corporation (NYSE:AES) is a Virginia-based power generation and utility company that caters to industrial, residential, commercial, and government customers. The stock has gained more than 16% over the last month. 

Citi analyst Ryan Levine on March 22 initiated coverage of The AES Corporation (NYSE:AES) with a Buy rating and a $27 price target. The company’s power assets in California will have extended lives and its renewable development business will gain market share, the analyst told investors. Higher power prices will also be favorable for The AES Corporation (NYSE:AES). 

On February 24, The AES Corporation (NYSE:AES) reported earnings for the fourth quarter, posting an EPS of $0.45, topping market estimates by $0.02. Revenue over the period jumped 8.20% year-over-year to $2.77 billion, outperforming analysts’ predictions by $143.29 million. 

The AES Corporation (NYSE:AES) declared on February 25 a $0.158 per share quarterly dividend, in line with previous. The dividend will be paid on May 13, for shareholders of record on April 29. The stock delivers a dividend yield of 2.52% as of April 7. 

William B. Gray’s Orbis Investment Management is the biggest shareholder of The AES Corporation (NYSE:AES), with 14.2 million shares worth $347 million. Overall, 41 hedge funds were bullish on the stock at the end of December 2021.

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