5 Best Value Dividend Stocks to Buy Now

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

Number of Hedge Fund Holders: 24
Dividend Yield: 4.34%

Algonquin Power & Utilities Corp. (NYSE: AQN) is a utility and energy company that operates regulated and non-regulated utility assets in Canada, the US, Chile, and Bermuda. The company also provides electrical energy through its non-regulated renewable energy power generation facilities. It ranks 3rd on our list of the best value dividend stocks to buy now.

As of this May, Credit Suisse has a price target of $12.95 on Algonquin Power & Utilities Corp. (NYSE: AQN). The firm also holds a Neutral rating on the stock.

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 13.11% 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.