5 Best Dividend Stocks to Buy According to Billionaire Mario Gabelli

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1. Enterprise Products Partners L.P. (NYSE: EPD)

Gabelli’s Stake Value: $1,422,000
Percentage of Mario Gabelli’s 13F Portfolio: 0.0125%
Dividend Yield: 7.53%
Number of Hedge Fund Holders: 26

Enterprise Products Partners L.P. (NYSE: EPD) offers midstream energy services to consumers and producers of petrochemicals, crude oil, and natural gas. The company expects the demand for hydrocarbons to recover to 100 million bbl per day towards the end of the year, potentially reaching an all-time high. Enterprise Products Partners L.P is one of the top dividend stocks on Gabelli’s portfolio.

Enterprise Products Partners L.P. (NYSE: EPD) recently filed a lawsuit against CPS Energy, the municipal utility that provides power in San Antonio, for failing to pay almost $100 million for natural gas. The huge debt accrued after natural gas prices skyrocketed from $4.50/MMBtu to $400/MMBtu during the Texas winter storm in February.

In April, TD Securities analyst Liza Ezergailis initiated a coverage on the stock, rating it as buy, and has set a price target of $28.

You can also take a peek at 10 Extreme Dividend Stocks with Huge Upside and 10 Blue Chip Dividend Stocks Hedge Funds Are Buying. 

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