5 Best Undervalued Dividend Stocks to Buy Now

In this article, we will be looking at the 5 best undervalued dividend stocks to buy now. To read our detailed analysis of these stocks, you can go directly to see the 10 Best Undervalued Dividend Stocks to Buy Now.

5. Algonquin Power & Utilities Corp. (NYSE: AQN)

Number of Hedge Fund Holders: 24
Dividend Yield: 4.36%

Algonquin Power & Utilities Corp. (NYSE: AQN) owns and operates a portfolio of regulated and non-regulated utility assets in Canada, the US, Chile, and Bermuda. It works to provide electrical energy through its non-regulated renewable energy power generation facilities. The company ranks 5th on our list of the best undervalued dividend stocks to buy now.

Credit Suisse’s analyst Andrew Kuske holds a $12.95 price target on shares of Algonquin Power & Utilities Corp. (NYSE: AQN) as of this May, alongside a Neutral rating.

In the second quarter of 2021, Algonquin Power & Utilities Corp. (NYSE: AQN) had an EPS of $0.15, beating estimates by $0.02. The company’s revenue was $527.5 million, up 53.52% year over year and beating estimates by $64.29 million. Algonquin Power & Utilities Corp. (NYSE: AQN) has gained 11.95% in the past year.

By the end of the second quarter of 2021, 24 hedge funds out of the 873 tracked by Insider Monkey held stakes in Algonquin Power & Utilities Corp. (NYSE: AQN) worth roughly $310 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $172 million.