5 Best Income Stocks to Invest In

4. Höegh LNG Partners LP (NYSE: HMLP)

Dividend Yield: 11.03%
Number of Hedge Fund Holders: 6

Höegh LNG Partners L.P. (NYSE: HMLP) is an energy company that owns, operates, and acquires liquefied natural gas (LNG) carriers, floating storage, and regasification units (FSRUs), and other LNG infrastructure assets under long-term charters. The stock ranks 2nd in the list of best income stocks to invest in.

In its latest financial results, Höegh LNG Partners L.P. (NYSE: HMLP) reported $36.1 million in revenue for Q4 2020 compared to $38.5 million reported in Q1 2019. The company generated operating income amounting to $25.5 million during the quarter, while net income totaled $18.5 million. The company has a record of increasing dividend since October 2014.

Höegh LNG Partners L.P. (NYSE: HMLP) shareholder Cobas Asset Management recently announced that it would vote against a proposed takeover by Leif Höegh and funds. Cobas Asset Management owns a 13% stake in the oil company. Leif Höegh recently announced that it was partnering with Morgan Stanley Infrastructure Partners to acquire Höegh LNG private for $2.74 billion.