5 Dividend Stocks to Buy According to Billionaire Dan Loeb’s Third Point

1. The AES Corporation (NYSE:AES)

Number of Hedge Fund Holders: 41
Dividend Yield as of March 4: 2.95%
Third Point’s Stake Value: $139,725,000

In Q4 2021, Third Point Capital increased its stake significantly by 54% in The AES Corporation (NYSE:AES), an American energy company. The hedge fund held shares worth roughly $140 million in the company, which accounted for 0.97% of Dan Loeb’s portfolio.

The AES Corporation (NYSE:AES) currently pays a quarterly dividend of $0.158 per share, having raised it by 5% in December 2021. The stock’s dividend yield stood at 2.95%, as of March 4. This January, Morgan Stanley raised its price target on The AES Corporation (NYSE:AES) to $32, while keeping an Overweight rating on the shares.

At the end of Q4 2021, 41 hedge funds tracked by Insider Monkey held stakes in The AES Corporation (NYSE:AES), down from 47 in the previous quarter. These stakes hold a consolidated value of over $1.5 billion.

You can also take a look at 10 Activist Stocks To Consider For Investing and 10 Best Telecom Dividend Stocks to Buy Now

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