5 Best Utility Dividend Stocks To Buy

2. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 45

Constellation Energy Corporation (NASDAQ:CEG) is an energy company that is engaged in the generation, sale, and distribution of electricity and natural gas. The company started its dividend policy in 2022 and has raised its payouts once since then. Currently, it offers a quarterly dividend of $0.282 per share and has a dividend yield of 0.94%, as of January 26.

Insider Monkey’s database of Q3 2023 indicated that 45 hedge funds owned stakes in Constellation Energy Corporation (NASDAQ:CEG), down slightly from 46 in the previous quarter. These stakes are collectively valued at over $1.5 billion. With over 6 million shares, Orbis Investment Management was the company’s leading stakeholder in Q3.

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