5 Dividend Stocks to Buy According to Matthew Barrett’s Glendon Capital Management

In this article, we discuss the 5 best dividend stocks according to Matthew Barrett’s Glendon Capital. If you want to read our detailed analysis of the hedge fund, go directly to read 10 Dividend Stocks to Buy According to Matthew Barrett’s Glendon Capital Management. 

5. NRG Energy, Inc. (NYSE:NRG)

Number of Hedge Fund Holders: 28
Dividend Yield as of March 1: 3.84%
Glendon Capital’s Stake Value: $60,477,000

In Q4 2021, an American energy company, NRG Energy, Inc. (NYSE:NRG) saw a decline in the number of hedge funds holding positions in it. As of Insider Monkey’s Q4 data, 28 hedge funds held stakes in the company, down from 34 in the preceding quarter. These stakes are valued at over $1.83 billion.

NRG Energy, Inc. (NYSE:NRG)’s increasing debt led the company to cut its dividend by 79% in 2016. However, the company maintained dividend payments over the years, growing it by 8% on January 21. The company currently pays a quarterly dividend of $0.35 per share, with a dividend yield of 3.84%, as reported on March 1. This January, UBS set a $42 price target on NRG Energy, Inc. (NYSE:NRG), with a Neutral rating on the shares.

In Q4 2021, Glendon Capital held over 1.4 million shares in NRG Energy, Inc. (NYSE:NRG), valued at $60.4 million. The company accounted for 3.18% of Matthew Barrett’s portfolio.