Top 5 Dividend Stocks Favored by Carolina Panthers Owner David Tepper

3. Energy Transfer LP (NYSE:ET)

Appaloosa Management LP’s Stake Value: $121,114,714
Dividend Yield as of February 23: 9.4%

Energy Transfer LP (NYSE:ET) is involved in natural gas and propane pipeline transport. The company has been a part of Appaloosa Management’s portfolio since the second quarter of 2017. In Q4 2022, the hedge fund owned over 10.2 million shares in the company, worth over $121 million. The company made up 8.98% of the firm’s 13F portfolio.

Energy Transfer LP (NYSE:ET), one of the top dividend stocks favored by David Tepper, has been raising its dividends consistently for the past five years. The company offers a quarterly dividend of $0.305 per share and has a dividend yield of 9.4%, as of February 23.

At the end of Q4 2022, 38 hedge funds tracked by Insider Monkey had stakes in Energy Transfer LP (NYSE:ET), compared with 33 in the previous quarter. The collective value of these stakes is over $613.4 million. Abrams Capital Management was the company’s leading stakeholder in Q4.