5 Best Environmental Stocks to Invest In

1. Microsoft Corporation (NASDAQ: MSFT)

Number of Hedge Fund Holders: 251

Topping the 12 best environmental stocks to invest in is tech giant Microsoft Corporation (NASDAQ: MSFT). The Washington-based tech giant is one of the carbon-neutral leaders not only in its industry but also globally. Microsoft Corporation (NASDAQ: MSFT) released its initial Environmental Sustainability Report in January 2021, announcing a $129 million investment in funds and organizations working on carbon reduction, water management, and circular economy innovations. This investment is part of Microsoft Corporation’s $1 billion Climate Innovative Fund, announced in 2020. The company currently pays its shareholders an annual dividend of $2.24 per share with a 0.85% dividend yield. MSFT stock has offered more than 34% returns to investors in the past twelve months. Shares of MSFT also increased 13% in the last three months. 

The company has a market cap of $1.9 trillion. The company’s third-quarter revenue grew 19% to $41.7 billion, up from $35 billion in the same quarter in 2020. As of July 2, Microsoft Corporation (NASDAQ: MSFT) shares traded at $277.65 and have a P/E ratio of 37.84. On June 23rd, Wedbush maintained an Outperform rating on Microsoft Corporation, with a price target of $325 per share. 

At the end of the first quarter of 2021, 251 hedge funds in the database of Insider Monkey held stakes worth $58.9 billion in Microsoft Corporation (NASDAQ: MSFT), down from 258 the preceding quarter worth $52.8 billion.

You can also take a peek at the 12 Best Solar Energy Stocks to Invest In and 10 Stocks to Buy to Profit from Post-COVID Economic Recovery.

Follow Insider Monkey on Twitter