5 Best Dividend Stocks to Buy According to Billionaire Michael Hintze

3. Clearway Energy, Inc. (NYSE: CWEN)

Hintze’s Stake Value: $8,053,000
Percentage of Michael Hintze’s 13F Portfolio: 0.54%
Number of Hedge Fund Holders: 24
Dividend Yield: 4.78%

Clearway Energy, Inc. (NYSE: CWEN) is a utility company operating in the renewable energy sector in the US. The company ranks 3rd on our list of the best dividend stocks to buy according to billionaire Michael Hintze.

In its first-quarter for 2021 report, Clearway Energy, Inc. (NYSE: CWEN) revealed its EPS was valued at -$0.26 and its revenue of $258 million which represented a 9.79% growth year over year. The company also announced a gross profit margin of 67.49%. It upgraded to Buy at Seaport Global this March.

Out of the 866 hedge funds tracked by Insider Monkey, 24 held shares in Clearway Energy Inc., (NYSE: CWEN) in Q121, valued at roughly $232 million. This is compared to 22 hedge fund holders in the previous quarter with stakes worth a total of about $286 million.