Investors in one of the 50 best utility dividend stocks to invest in can breathe quite easily, knowing that hedge funds helmed by the best investors in the world also have vast holdings in these companies.
Several hedge funds that Insider Monkey tracks became upbeat about utility company stocks during the first quarter based on their recent wave of 13F filings. Over the next few pages, we have analyzed the best utility company stocks for investing based on that hedge fund sentiment. That’s what we do at Insider Monkey and our flagship strategy has returned 44.2% since February 2016 vs. a 29.6% gain for the S&P 500 index ETF (SPY). Our most recent stock picks, which were disclosed to our subscribers in the middle of February, beat the market by 5 percentage points in the three months that followed and our latest picks were released in the middle of May. Our system is easy for investors to implement, with just a small batch of trades to be executed once per quarter.
To give us an idea on how influential hedge funds are, here are a few statistics. As of now, there are 95 utility companies that currently offer dividends. Of those companies, 89 have at least one hedge fund backing them, with one company being owned by 33 hedge funds. The size of hedge funds’ aggregate holdings varies, from as little as $1.95 million to more than $1.60 billion. Overall, as of March 31, 2017, hedge funds have utilities investments worth $25.49 billion.
For this list of the best utility dividend stocks to invest in, the companies are ranked according to the number of hedge funds tracked by Insider Monkey which are invested in the companies as of the end of the first quarter of 2017. In case two or more utility companies have the same number of hedge fund backers, the companies are then ranked based on how much money the hedge funds have invested in each of them. All hedge fund ownership information is as of March 31, 2017, while figures for each company’s dividend yield, stock price, and annual dividend are as of July 11, 2017.
Head to the following pages to discover the 50 best utility dividend stocks to invest in.