5 Dividend Stocks to Buy for Retirement in 2022 According to Reddit

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

Dividend Yield as of January 28: 7.86%

Number of Hedge Fund Holders: 25

Enterprise Products Partners L.P. (NYSE:EPD) is an American natural gas and crude oil company based in Houston, Texas, providing refined products, petrochemicals, and transportation of oil and gas. Enterprise Products Partners L.P. (NYSE:EPD)’s dividend yield on January 28 came in at 7.86%. 

On January 6, Enterprise Products Partners L.P. (NYSE:EPD) declared a $0.465 per share quarterly dividend, which is a 3.3% increase from its prior dividend of $0.450, payable on February 11. 

Enterprise Products Partners (NYSE:EPD) announced on January 10 that it has agreed to acquire Navitas Midstream Partners from Warburg Pincus for $3.25 billion in cash, which will provide its natural gas processing and natural gas liquids business with an entry point into the Midland Basin.

Mizuho analyst Gabriel Moreen raised the price target on Enterprise Products Partners (NYSE:EPD) to $30 from $29 and kept a Buy rating on the shares on January 11 after the company announced its intention to acquire privately owned Navitas Midstream. 

In the third quarter of 2021, First Eagle Investment Management was the biggest Enterprise Products Partners (NYSE:EPD) stakeholder, with 2.82 million shares worth $61.1 million. Overall, 25 hedge funds were bullish on Enterprise Products Partners (NYSE:EPD) in the third quarter, with stakes totaling $233.2 million. 

Here is what ClearBridge Investments has to say about Enterprise Products Partners L.P. (NYSE:EPD) in its Q1 2021 investor letter:

“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.”