5 Best Dividend Stocks To Buy According to Arosa Capital Management

In this article, we will discuss the 5 best dividend stocks to buy according to Arosa Capital Management. If you want to read our detailed analysis of the hedge fund’s investment strategies, go directly to read 10 Best Dividend Stocks To Buy According to Arosa Capital Management. 

5. Baker Hughes Company (NYSE:BKR)

Number of Hedge Fund Holders: 37
Dividend Yield as of February 16: 2.42%
Arosa Capital’s Stake Value: $8,045,000

Baker Hughes Company (NYSE:BKR) is an American industrial service company that offers oil field services to consumers. In Q4 2021, Arosa Capital increased its stake by 12% in the company and held shares worth over $8 million. Baker Hughes Company (NYSE:BKR) represented 1.98% of the hedge fund’s 13F portfolio.

Baker Hughes Company (NYSE:BKR) pays a quarterly dividend of $0.18 per share, with a dividend yield of 2.42%. The company pays over $647 million in dividends annually to shareholders. In January, Cowen acknowledged the company’s role in its use of green energy and lifted its price target on Baker Hughes Company (NYSE:BKR) to $35, with an Outperform rating on the shares.

Insider Monkey’s data for Q3 shows that 37 hedge funds were bullish on Baker Hughes Company (NYSE:BKR), down from 40 in the previous quarter. These stakes hold a value of over $1 billion. Pzena Investment Management was the company’s leading shareholder in Q3, holding a stake worth roughly $599 million.

Madison Funds mentioned Baker Hughes Company (NYSE:BKR) in its Q3 2021 investor letter. Here is what the investment management firm has to say:

“BKR is a leading oilfield services provider that helps its customers with oil and gas exploration and production. Its customers include companies that discover oil, energy data management firms, drilling companies, well construction, and production and completion firms. The firm is also synonymous with the U.S. rig count. BKR also helps make energy cleaner and more efficient, and is a leader in energy transition businesses, including carbon capture and hydrogen, along with being a market leader in supplying equipment for liquified natural gas (LNG) projects….”