5 Best Utility Dividend Stocks To Buy

3. The AES Corporation (NYSE:AES)

Number of Hedge Fund Holders: 44

The AES Corporation (NYSE:AES) is a Virginia-based utility and power generation company that owns and operates power plants. In April, Morgan Stanley maintained an Overweight rating on the shares with a $31 price target, appreciating the company’s quarterly earnings.

The AES Corporation (NYSE:AES), one of the best dividend stocks, currently pays a quarterly dividend of $0.1659 per share. The company has been raising its dividends consistently since 2013. As of June 20, the stock has a dividend yield of 3.14%.

At the end of March 31, 44 hedge funds tracked by Insider Monkey owned stakes in The AES Corporation (NYSE:AES), the same as in the previous quarter. The collective worth of these stakes is over $1.11 billion.

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