5 Undervalued Dividend Aristocrats To Buy According to Analysts

In this article, we discuss 5 undervalued dividend stocks to buy according to analysts. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 12 Undervalued Dividend Aristocrats To Buy According to Analysts. 

5. Chevron Corporation (NYSE:CVX)

Upside Potential as of May 7: 18.75%
P/E Ratio as of May 7: 8.65

Chevron Corporation (NYSE:CVX) is a California-based oil and natural gas company. In April, UBS initiated its coverage of the stock with a Buy rating and a $212 price target, appreciating the company’s strong free cash flow generation.

Chevron Corporation (NYSE:CVX), one of the best dividend aristocrat stocks, currently pays a quarterly dividend of $1.51 per share. The company has been raising its dividends consistently for the past 36 years. The stock has a dividend yield of 3.77%, as of May 7.

At the end of Q4 2022, 57 hedge funds in Insider Monkey’s database owned stakes in Chevron Corporation (NYSE:CVX), with a total value of over $32.2 billion.

Carillon Tower Advisers mentioned Chevron Corporation (NYSE:CVX) in its Q4 2022 investor letter. Here is what the firm has to say:

“Energy performed well during the fourth quarter, with the sector up about 23%. Investors returned to the sector after the Organization of the Petroleum Exporting Countries (OPEC) signaled it would reduce production. Chevron Corporation (NYSE:CVX) reported strong quarterly results while buying back stock, paying a healthy dividend, and maintaining a strong balance sheet.”