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