5 Best Utility Stocks To Invest In

4. The AES Corporation (NYSE:AES)

Number of Hedge Fund Holders: 37

The AES Corporation (NYSE:AES) is a power generation and utilities company that is headquartered in Arlington, Virginia, United States. The company uses a variety of sources such as biomass, renewables, coal, and gas to generate electricity.

Susquehanna shared optimism about The AES Corporation (NYSE:AES)’s ability to start its solar generation projects this year in May 2022, stating that it had acquired the necessary equipment. 37 out of the 912 hedge funds polled by Insider Monkey for this year’s March quarter had bought the company’s shares.

The AES Corporation (NYSE:AES) is one of the few companies that can raise electricity prices as fuel prices go up, enabling it to easily pass on rising prices to customers. Additionally, the company also has 10 gigawatts of projects in the pipeline, which bode well for its future.

William B. Gray’s Orbis Investment Management is The AES Corporation (NYSE:AES)’s largest investor. It has a $437 million stake that comes through 16 million shares.