5 Best MLP Dividend Stocks To Buy

4. DCP Midstream, LP (NYSE:DCP)

Number of Hedge Fund Holders: 5

Dividend Yield as of March 15: 5.33%

DCP Midstream, LP (NYSE:DCP) is a Colorado-based midstream energy infrastructure company that transports and stores natural gas and natural gas liquids. 

On January 25, DCP Midstream (NYSE:DCP) declared a quarterly dividend of $0.39 per share. The dividend was paid on February 14, for shareholders of record on February 4. DCP Midstream, LP (NYSE:DCP)’s dividend yield on March 15 was 5.33%. 

Mizuho analyst Gabriel Moreen on February 11 raised the price target on DCP Midstream, LP (NYSE:DCP) to $37 from $35 and kept a Buy rating on the shares. The analyst noted that while DCP Midstream, LP (NYSE:DCP)’s guidance was initially disappointing, commodity upside is “low-hanging”.

A total of 5 hedge funds were bullish on DCP Midstream, LP (NYSE:DCP) in the fourth quarter of 2021, with combined stakes of $16.8 million. Matthew Hulsizer’s PEAK6 Capital Management is the leading shareholder of the company, with 186,023 shares worth $5.1 million.