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flag Hedge funds highlight utilities like Con Edison, Exxon, and Chevron as undervalued, stable dividend stocks.

flag Several utilities and energy companies, including Consolidated Edison, Exxon Mobil, and Chevron, are highlighted as undervalued Dividend Aristocrats by hedge funds. flag These companies have a history of increasing dividends for over 25 years. flag Consolidated Edison reported a strong Q3 net income of $588 million and forecasts 2024 earnings per share between $5.30 and $5.40. flag Exxon Mobil, with a 42-year dividend growth streak, reported $8.6 billion in Q3 earnings and has partnered on a low-carbon project. flag Chevron, with strong financial results and a focus on low-carbon initiatives, also made the list. flag These companies offer stable dividends and potential growth in a challenging economic environment.

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