Top 5 High Dividend Stocks To Buy According To Hedge Funds

4. Plains GP Holdings, L.P (NASDAQ:PAGP)

Number of Hedge Fund Holders: 15
Dividend Yield as of October 13: 6.33%

Plains GP Holdings, L.P (NASDAQ:PABP) operates as a holding company, providing logistics services for crude oil and refined products, as well as operates energy infrastructure. The company has a market capitalization of $2.21 billion and is ranked fourth on our list of the top 12 high dividend stocks to buy according to hedge funds.

For the second quarter of 2021, Plains GP Holdings, L.P (NASDAQ:PAGP) reported earnings per share at $0.23, in line with market estimates. The company also reported revenues of $9.93 billion, surpassing estimates by $2.40 billion.

Morgan Stanley analyst Robert Kad remains bullish on Plains GP Holdings, L.P (NASDAQ:PAGP), upgrading the company to Overweight from Equal Weight with a $13 price target on its shares.