5 Dividend Stocks to Buy According to Billionaire Jim Simons’ Hedge Fund

2. Enel Chile S.A. (NYSE:ENIC)

Renaissance Technologies’ Stake Value: $5,830,000

Percentage of Renaissance Technologies’ 13F Portfolio: 0.00%

Number of Hedge Fund Holders: 7

Dividend Yield on December 16: 21.38%

Morgan Stanley analyst Miguel Rodrigues on October 15 initiated coverage of Enel Chile S.A. (NYSE:ENIC) with an Overweight rating and a CLP 52 price target. As the largest integrated electricity group in Chile and the biggest distributor in the country, the analyst views Enel Chile S.A. (NYSE:ENIC) as a “vehicle to play the ESG theme” in Latin America due to its rapid decarbonization process and “increasingly high ESG scores by different rating agencies”.

Jim Simons’ hedge fund owns 2.41 million shares of Enel Chile S.A. (NYSE:ENIC), the leading electric utility company in Chile, worth $5.83 million as of September this year.

Posting its Q3 earnings on October 29, Enel Chile S.A. (NYSE:ENIC) reported a loss per share of $0.01, missing estimates by $0.05. The revenue totaled $955.70 million, exceeding estimates by $77.12 million.

Of the 867 hedge funds tracked by Insider Monkey at the end of September, 7 funds were long Enel Chile S.A. (NYSE:ENIC), with AQR Capital Management being one of the leading stakeholders of the company, holding 2.1 million shares worth more than $5 million.

Offering a 21.38% forward yield as of December 16, Enel Chile S.A. (NYSE:ENIC) is one of the best dividend stocks from Jim Simons’ Renaissance Technologies’ portfolio.