5 Best Dividend Stocks to Buy Now According to Billionaire Leon Cooperman

3. NRG Energy, Inc. (NYSE: NRG)

Cooperman’s Stake Value: $15,281,000
Percentage of Leon Cooperman’s 13F Portfolio: 0.95%
Dividend Yield: 3.8%
No. of Hedge Fund Holders: 35

NRG Energy, Inc. (NYSE: NRG) is the latest addition to Leon’s portfolio. The company offers integrated energy products and services in the U.S. It is ranked third on our list of 10 best dividend stocks to buy now according to billionaire Leon Cooperman.

NRG Energy, Inc. (NYSE: NRG) recently completed the acquisition of Direct Energy from Centrica Plc in a move that is expected to further cement NRG as an industry leader and integrated service provider focusing on customer experience. With the new agreement, Direct Energy will add more than three million customers in North America, mainly in the retail sector. 

In Q1 2021, NRG Energy reported GAAP EPS of -$0.33, while revenue went up 300.5% YoY to $8.09 billion compared to Q1 2020.