5 Best Money-Making Stocks to Buy Now

4. The AES Corporation (NYSE:AES)

Number of Hedge Funds: 47

Total Value of Hedge Fund Holdings: $1,481,369,000

1-Year Forward Dividend Yield: 2.68%

The AES Corporation (NYSE:AES) is one of the leading power generation companies in the world with power generation and distribution capacity in more than 15 countries, including the US. The Arlington, Virginia-based company is home to over 10,000 employees.

The Fortune 500 company announced a Q1 FY22 dividend of 15.80 cents per share, an increase of 5% on a sequential basis. The dividend will be paid out on February 15, 2022.

On December 20, the AES Corporation (NYSE:AES) announced the acquisition of Community Energy Solar. This move is expected to increase the AES Corporation’s (NYSE:AES) focus on employing renewable energy sources through the addition of a 10 GW pipeline. The terms of the deal were not disclosed to the public.

On November 29, Insoo Kim at Goldman Sachs initiated coverage on the AES Corporation (NYSE:AES) with a Buy rating and a target price of $30. The analyst expects the renewable energy pipeline to reap benefits for the AES Corporation (NYSE:AES) in the long run.