29 Percent of Billionaire Cooperman’s Portfolio is Invested in These 5 Dividend Stocks

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1. Energy Transfer LP (NYSE:ET)

Number of Q4 2023 Hedge Fund Shareholders: 34

Cooperman’s Q4 2023 Stake: $166 million

Annual Dividend Yield: 8.11%

Energy Transfer LP (NYSE:ET) is an energy company headquartered in Dallas, Texas. It operates in the midstream transportation and storage segment of the oil and gas supply chain. The shares are rated Strong Buy on average, and the optimism might bear fruit if natural gas prices surge on the back of a shortage in the storage industry as some analysts and CEOs fear.

34 out of the 933 hedge funds tracked by Insider Monkey had invested in Energy Transfer LP (NYSE:ET) during Q4 2023. David Abarms’s Abrams Capital Management owned the largest stake which was worth $246 million.

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Follow Energy Transfer Lp (NYSE:ET)

Disclosure: None. You can also take a look at 15 Best Places in Alabama for a Couple to Live on Only Social Security and 20 Largest Companies in the World by Market Cap in 2024.

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