5 Best Dividend Stocks to Buy According to Billionaire Ken Fisher

3. Ecopetrol S.A. (NYSE: EC)

Fisher’s Stake Value: $1,1671,000
Percentage of Ken Fisher’s 13F Portfolio: 0.001%
Dividend Yield: 7.55%
Number of Hedge Fund Holders: 7

Ecopetrol S.A. (NYSE: EC) is a Columbian energy company that offers services in the oil and gas industry. It ranks third in the list of 10 best dividend stocks to buy according to billionaire Ken Fisher.

The company has been focusing on expanding its global operations and announced plans to triple its investment in the Permian Basin in 2021. The shift to global focus has been necessitated by the prolonged stagnation in the local Columbian market. 

Morgan Stanley’s Bruno Montanari upgraded the company’s stock to “Overweight” from “Equalweight,” raising the price target to $18.40 from $14.