David Tepper Initiated Buying These 5 Stocks for the Rest of 2022

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1. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 43

Constellation Energy Corporation (NASDAQ:CEG) sells electricity, natural gas, renewable energy, and other energy-related products and services in the United States. The company was incorporated in 2021 and has the capacity of generating 32,400 megawatts through nuclear, wind, solar, natural gas, and hydroelectric assets.

Constellation Energy Corporation (NASDAQ:CEG) started paying dividends in February 2022. As of September 12, the company has a dividend yield of 0.64%, and its latest quarterly dividend was $0.141. The dividend was paid on September 9 to the shareholders of record on August 15.

As of Q 2022, 43 hedge funds had a stake in Constellation Energy Corporation (NASDAQ:CEG). The most prominent position was held by Southpoint Capital Advisors, with 3 million shares worth $171.78 million. Constellation Energy Corporation (NASDAQ:CEG) was a new addition to Appaloosa Management in the second quarter of 2022. The fund owned 2.7 million shares worth $154.6 million, making up 9.7% of the fund’s portfolio.

You can also take a peek at 10 Stocks to Buy According to Francis Chou’s Chou Associates Management and 10 Stocks to Buy According to William Von Mueffling’s Cantillon Capital Management.

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