In this article we discuss the 5 energy dividend stocks to invest in. If you want to read our detailed analysis of the energy industry, go directly to Top 10 Energy Dividend Stocks To Invest In.
5. Enterprise Products Partners L.P. (NYSE: EPD)
No. of Hedge Fund Holders: 30
Dividend Yield: 7.90%
Texas-based Enterprise Products Partners L.P. is one of the biggest oil companies in the U.S. in terms of revenue. The company has a dividend yield of 8%, with over 21 consecutive years of dividend growth. Billionaire David Tepper’s Appaloosa Management initiated a new position in the company, as of the 13F filings disclosed for the fourth quarter of 2020.The fund owns over 3 million shares of the company, worth more than $67.6 million.
There are 30 funds that hold an EPD position as of the end of the fourth quarter. The company’s most significant stakeholder is Appaloosa Management LP, with 3.5 million shares worth $67.6 million.