Jim Simons’ Renaissance Technologies Portfolio: 5 Dividend Stocks With Over 15% Yield

4. Enel Chile S.A. (NASDAQ:ENIC)

Renaissance Technologies’ Stake Value: $5,830,000

Percentage of Renaissance Technologies’ 13F Portfolio: 0.00%

Number of Hedge Fund Holders: 7

Dividend Yield as of December 21: 22.41%

Enel Chile S.A. (NASDAQ:ENIC), the largest electric utility company in Chile, posted on October 29 its Q3 results. The company reported a loss per share of $0.01, missing estimates by $0.05. The $955.70 million revenue exceeded estimates by $77.12 million. 

In the third quarter of 2021, 7 hedge funds reported owning stakes worth $14.5 million in Enel Chile S.A. (NASDAQ:ENIC). One of the leading company stakeholders is Cliff Asness’ AQR Capital Management, with 2.1 million shares worth more than $5 million. 

Renaissance Technologies holds 2.41 million Enel Chile S.A. (NASDAQ:ENIC) shares as of September 2021, worth $5.83 million, making the hedge fund the largest stakeholder of Enel Chile S.A. (NASDAQ:ENIC). 

On October 15, Morgan Stanley analyst Miguel Rodrigues initiated coverage of Enel Chile S.A. (NASDAQ:ENIC) with an Overweight rating and a CLP 52 price target. According to the analyst, Enel Chile S.A. (NASDAQ:ENIC) is a good “vehicle to play the ESG theme” in Latin America due to its rapid decarbonization process and “increasingly high ESG scores by different rating agencies”.

With a yield of 22.41%, Enel Chile S.A. (NASDAQ:ENIC) is one of the best dividend stocks to buy according to Jim Simons’ fund as of the third quarter.