Billionaire Paul Singer’s 5 Dividend Stock Picks

Page 1 of 5

In this article, we discuss the billionaire Paul Singer’s 5 dividend stock picks. If you want to read our detailed analysis of Paul Singer’s hedge fund, Elliott Management, and its past performance, go directly to read Billionaire Paul Singer’s 10 Dividend Stock Picks.

5. Evergy, Inc. (NYSE:EVRG)

Number of Hedge Fund Holders: 25
Dividend Yield as of February 15: 3.70%
Elliott Management’s Stake Value: $655,707,000

This January, Goldman Sachs appreciated Evergy, Inc. (NYSE:EVRG), an American electric services company, as it outperformed in 2021 due to its strong execution. The firm set a $72 price target on the stock, with a Neutral rating on the shares.

Currently, Evergy, Inc. (NYSE:EVRG) offers a quarterly dividend of $0.5725  per share, showing a 7% growth from its previous dividend. The company expects the dividend to grow by 6%-8% in the next two years. In Q3 2021, Elliott Management held shares worth over $655.7 million in Evergy, Inc. (NYSE:EVRG), which represented 4.7% of its portfolio.

The number of hedge funds tracked by Insider Monkey reported owning stakes in Evergy, Inc. (NYSE:EVRG) grew to 25 in Q3, from 21 in the previous quarter. These stakes hold a value of over $908 million.



Page 1 of 5