5 Dividend Stocks in Billionaire Richard Chilton’s Portfolio

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

Stake Value of Chilton Investment Company: $2,147,000

Percentage of Chilton Investment Company’s 13F Portfolio: 0.05%

Number of Hedge Fund Holders: 25

Dividend Yield as of December 11: 8.41%

Enterprise Products Partners L.P. (NYSE:EPD) provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four business segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

On October 5th, Mizuho analyst Gabriel Moreen raised the price target on Enterprise Products Partners L.P. (NYSE:EPD) to $29 from $28 and reiterated a Buy rating on the shares.

By the end of the third quarter of 2021, 25 hedge funds had stakes in Enterprise Products Partners L.P. (NYSE:EPD). The total value of these stakes was $233.25 million.

ClearBridge Investments, an investment management firm, published its “Large Cap Value Strategy” first quarter 2021 investor letter in which it mentioned Enterprise Products Partners L.P. (NYSE:EPD). Here’s what they had to say:

“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. We added to low-cost, high-quality energy names (including) Enterprise Products Partners LP. We are positive on this company’s strong balance sheets, competitive positions and exposure to an economic recovery.”