In this article, we will be taking a look at 5 ESG dividend stocks to buy. To read our detailed analysis of dividend investing, you can go directly to see the 10 ESG Dividend Stocks to Buy.
5. Kimco Realty Corp (NYSE:KIM)
Number of Hedge Fund Holders: 21
Dividend Yield: 2.72%
ESG Score: 65
Kimco Realty Corporation (NYSE:KIM), a real estate investment trust, is based in Jericho, New York, and is among the largest publicly traded owner and operators of open-air, grocery-anchored shopping centers in the US. The company has a dividend payout ratio of 49.9%, and with an ESG score of over 60, it is among the most noteworthy ESG dividend stocks to buy.
Truist’s Ki Bin Kim holds a Buy rating on Kimco Realty Corporation (NYSE:KIM) shares as of this December.
Kimco Realty Corporation (NYSE:KIM) was among the more popular dividend stocks in the third quarter, with 21 hedge funds holding shares in the company worth $152 million. In the second quarter, 20 hedge funds held stakes in the stock worth $218 million.
4. Hewlett Packard Enterprise Company (NYSE:HPE)
Number of Hedge Fund Holders: 33
Dividend Yield: 3.2%
ESG Score: 87
Hewlett Packard Enterprise Company (NYSE:HPE) is an information technology company that offers solutions for capturing, analyzing, and acting upon data. Its ESG score is among the highest on our list, standing at 87.
At the start of December, Raymond James analyst Simon Leopold reiterated an Outperform rating on Hewlett Packard Enterprise Company (NYSE:HPE) shares.
Our data shows 33 hedge funds long Hewlett Packard Enterprise Company (NYSE:HPE) in the third quarter.
3. Amgen, Inc. (NASDAQ:AMGN)
Number of Hedge Fund Holders: 52
Dividend Yield: 3.3%
ESG Score: 60
Amgen, Inc. (NASDAQ:AMGN) is a biotech company. It works to discover, develop, manufacture, and deliver human therapeutics across the globe. The company’s ESG score according to S&P Global is 60, making it one of the most renowned ESG dividend stocks to buy.
In December, Mohit Bansal, an analyst at Wells Fargo, initiated coverage of Amgen, Inc. (NASDAQ:AMGN) shares with an Equal Weight rating.
In the third quarter, 52 hedge funds held stakes in Amgen, Inc. (NASDAQ:AMGN) worth $1.4 billion. In the second quarter, 53 hedge funds held stakes in the stock worth $1.7 billion.
Saturna Capital, an investment management firm, mentioned Amgen, Inc. (NASDAQ:AMGN) in its third-quarter 2021 investor letter. Here’s what they said:
“Amgen has been on the bubble, but stands as a prodigious generator of cash, pays an attractive dividend yield, and its growth prospects appear to be improving. Valuation is also attractive, especially considering it features one of the cleaner profit and loss statements in terms of comparing earnings under Generally Accepted Accounting Principles (GAAP) to non-GAAP earnings. The latter often exists to flatter the company’s outlook.”
2. Moelis & Company (NYSE:MC)
Number of Hedge Fund Holders: 25
Dividend Yield: 4.0%
ESG Score: 67
Moelis & Company (NYSE:MC) is a financial corporation operating in the US, Europe, and internationally. It offers advisory services in mergers and acquisitions, recapitalization and restructurings, capital markets transactions, and other matters related to corporate finance. It has a payout ratio of 43.5%, making it one of the popular ESG dividend stocks to buy.
Keefe Bruyette’s Michael Brown upgraded Moelis & Company (NYSE:MC) shares to Outperform this December.
For the fiscal third quarter of 2021, Moelis & Company (NYSE:MC) had an EPS of $1.77 and revenue of $490.82 million. Both the EPS and revenue beat analyst estimates by $0.42 and $97.33 million respectively.
According to Insider Monkey’s hedge fund data, 25 hedge funds were long Moelis & Company (NYSE:MC) in the third quarter, while 18 hedge funds were long the stock in the second quarter. Their total stakes values were $147 million and $146 million respectively.
1. Artisan Partners Asset Management Inc (NYSE:APAM)
Number of Hedge Fund Holders: 15
Dividend Yield: 9.3%
ESG Score: 67
Artisan Partners Asset Management Inc (NYSE:APAM) is an asset management and custody banks corporation. It provides services to pension and profit-sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds, and non-US funds, among others. It has an ESG score of 67 according to Investors Business Daily, making it one of the higher-ranked dividend ESG stocks to buy.
The company’s earnings history shows encouraging results for the fiscal third quarter of 2021. Its EPS and revenue both beat estimates. The EPS was $1.33 and beat estimates by $0.01. The revenue was $316.60 million, beating estimates by $1.51 million.
Finally, 15 hedge funds were found to be holding stakes in Artisan Partners Asset Management Inc (NYSE:APAM) in the third quarter, worth $210 million. In the second quarter, 19 hedge funds held stakes in the stock worth $182 million.
See also Top 10 Dividend Stocks That Pay Monthly and 10 Best Tech Stocks To Invest in Now.
