5 Most Undervalued Utility Stocks To Buy According To Hedge Funds

Page 1 of 5

In this article, we will take a look at the 5 most undervalued utility stocks to buy according to hedge funds. To see more such companies, go directly to 10 Most Undervalued Utility Stocks To Buy According To Hedge Funds.

5. FirstEnergy Corp. (NYSE:FE)

PE Ratio as of January 26: 18.70

FirstEnergy Corp. (NYSE:FE) is one of the most popular undervalued utilities stocks among the elite hedge funds tracked by Insider Monkey. 41 out of the 920 funds in Insider Monkey database reported having stakes in FirstEnergy Corp. (NYSE:FE) as of the end of the third quarter of 2022. The biggest stakeholder of FirstEnergy Corp. (NYSE:FE) was Carl Icahn’s Icahn Capital LP which owns a $702 million stake in FirstEnergy Corp. (NYSE:FE). Another notable stakeholder in FirstEnergy Corp. (NYSE:FE) was Ken Griffin’s Citadel Investment Group, which had a $194 million stake.

In December, FirstEnergy Corp. (NYSE:FE) declared a quarterly dividend of $0.39 per share quarterly dividend. Forward dividend yield at the time came in at 3.69%. The dividend is payable on March 1 for shareholders of record as of February 7.

Page 1 of 5