5 Energy Dividend Stocks to Buy According to Billionaire Jim Simons’ Portfolio

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1. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Renaissance Technologies’ Stake Value: $74,552,000

Percentage of Renaissance Technologies’ 13F Portfolio: 0.09%

Number of Hedge Fund Holders: 23

Dividend Yield as of January 5: 16%

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), a Brazilian state owned multinational corporation based in Rio  de Janeiro, is a high dividend energy stock to buy according to billionaire Jim Simons’ portfolio. Renaissance Technologies holds a $74.5 million stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), representing 0.09% of the fund’s total investments for the third quarter. 

In the third quarter of 2021, the company’s quarterly earnings report was published on October 28. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) posted an EPS of $0.47, exceeding estimates by $0.14. The $21.61 billion revenue missed estimates by $296.05 million. 

Goldman Sachs analyst Bruno Amorim upgraded Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) on December 15 to Buy from Neutral with a $14.20 price target, citing better risk/reward for Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), in addition to excess cash returns in 2022, which will likely be distributed as dividends. 

Of the 23 hedge funds that were long Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the third quarter, Fisher Asset Management is one of the leading stakeholders of the company, with 43.79 million shares worth $452.8 million. 

You can also take a look at 10 Value Stocks in Joel Greenblatt’s Portfolio and Top 10 Stock Picks of Billionaire Nicholas Pritzker

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