In this article, we discuss the 5 best tech and dividend stocks to buy according to billionaire George Soros. If you want to read our detailed analysis of Soros’ history and hedge fund performance, go directly to the 10 Best Dividend Stocks to Buy According to Billionaire George Soros.
5. Western Midstream Partners, LP (NYSE: WES)
Soros’s Stake Value: $1,758,000
Percentage of George Soros’s 13F Portfolio: 0.03%
Dividend Yield: 5.97%
Number of Hedge Fund Holders: 8
Western Midstream Partners, LP (NYSE: WES) is an American company, which possesses, expands, and functions midstream assets. The company was founded in 2007 and is placed fifth on our list of 10 best dividend stocks to buy according to billionaire George Soros. Western Midstream Partners stock has offered investors more than 82% in returns over the past year.
In April, Western Midstream Partners declared a quarterly dividend of $0.135, which was 1.3% more than its prior dividend of $0.31. The forward yield is 5.72%. On May 26, the stock was upgraded at Morgan Stanley to “Equalweight” from “Underweight,” with a price target of $22.00.
Soros Fund Management owns 94,550 shares in the company worth over $1.76 million. At the end of the first quarter of 2021, 8 hedge funds in the database of Insider Monkey held stakes worth $127.46 million in Western Midstream Partners, LP (NYSE: WES), down from 10 the preceding quarter worth $107.33 million.
4. TotalEnergies SE (NYSE: TOT)
Soros’s Stake Value: $8,145,000
Percentage of George Soros’s 13F Portfolio: 0.15%
Dividend Yield: 6.42%
Number of Hedge Fund Holders: 17
TotalEnergies SE (NYSE: TOT) is a French company that provides combined oil and petroleum services globally. It was founded in 1924 and is ranked fourth on our list of 10 best dividend stocks to buy according to billionaire George Soros. TotalEnergies stock has returned more than 15% to investors during the course of the past twelve months.
TotalEnergies SE is a solid bet for a dependable income. On April 29, the company declared a quarterly dividend of $0.81 per share in line with the previous. The company also announced earnings per share of $1.10, beating the estimates by $0.24, and its Q1 2021 net income was $3 billion, up 69% YoY, beating estimates by $2.35 billion. Last week, Uganda’s energy ministry selected Total Energies and three other companies in its competitive round of oil bidding for five oil blocks along its Western border.
The hedge fund chaired by George Soros holds close to 175,000 shares in the company worth over $8.15 million. Soros activity on Total Energies stock increased by 134% in the past few months. Out of the hedge funds being tracked by Insider Monkey, Fisher Asset Management is a leading shareholder in TotalEnergies SE (NYSE: TOT) with 28.29 million shares worth more than $1.04 billion.
3. Arbor Realty Trust, Inc. (NYSE: ABR)
Soros’s Stake Value: $680,000
Percentage of George Soros’s 13F Portfolio: 0.001%
Dividend Yield: 7.33%
Number of Hedge Fund Holders: 21
Arbor Realty Trust, Inc. (NYSE: ABR) is a real estate investment trust, which provides loans for residential buildings, hospitals, and commercial buildings. The company was incorporated in 2003 and is placed third on our list of 10 best dividend stocks to buy according to billionaire George Soros. Arbor Realty Trust, the stock has returned more than 93% to investors over the past year.
Arbor Realty Trust stock is a good option for income investors as the firm pays a consistent dividend. On May 7, the company announced a quarterly dividend of $0.34 per share. The forward yield is 7.09%. The company also declared its Q1 2021 net income of $48.96 million, up 19.9% YoY, beating the estimates by $2.66 million.
Soros Fund Management holds 43,295 shares in the real estate company worth over $688,000. At the end of the first quarter of 2021, 21 hedge funds in the database of Insider Monkey held stakes worth $103.59 million in Arbor Realty Trust, Inc. (NYSE: ABR), up from 14 the preceding quarter worth $68.49 million.
2. Enterprise Products Partners L.P. (NYSE: EPD)
Soros’s Stake Value: $4,184,000
Percentage of George Soros’s 13F Portfolio: 0.07%
Dividend Yield: 7.36%
Number of Hedge Fund Holders: 26
Enterprise Products Partners L.P. (NYSE: EPD) provides services like storage, processing, and transportation of petroleum products to its customers. It was founded in 1968 and is ranked second on our list of 10 best dividend stocks to buy according to billionaire George Soros. The company has returned more than 16% to investors over the past year.
On April 6, TD Securities rated the stock as “Buy,” with a price target of $28.00. In April, Enterprise Products declared a quarterly dividend of $0.45 per share, in line with the previous. Last month, the company announced Q1 2021 revenue of $9.16 billion, up 22.5% YoY, beating the estimates by $2.09 billion.
Soros Fund Management holds 190,000 shares in the company worth over $4.18 million. Arrowstreet Capital is a leading shareholder in Enterprise Products Partners L.P. (NYSE: EPD), with 3.68 million shares worth more than $81.14 million.
In its Q 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Enterprise Products Partners was one of them. Here is what the fund said:
“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.”
1. Magellan Midstream Partners, L.P. (NYSE: MMP)
Soros’s Stake Value: $3,543,000
Percentage of George Soros’s 13F Portfolio: 0.06%
Dividend Yield: 7.91%
Number of Hedge Fund Holders: 14
Magellan Midstream Partners, L.P. (NYSE: MMP) is an American crude oil and petroleum-making company. It was founded in 2000 and is placed first on our list of 10 best dividend stocks to buy according to billionaire George Soros. The company has returned more than 11% to investors over the course of the past twelve months.
Magellan Midstream Partners is one of the best high-yield dividend stocks to buy according to billionaire investor George Soros. On April 22, the company declared a quarterly dividend of $1.0275 per share. Forward yield for the stock comes in at 9.00%. Later in April, the company also posted Q1 2021 revenue of $661.07 million, down 15.6% YoY, missing estimates by $8.51 million. The earnings per share for the first three months of 2021 was $1.09, beating market predictions by $0.23.
The hedge fund run by George Soros owns 81,700 shares in the company worth over $3.54 million. At the end of the first quarter of 2021, 14 hedge funds in the database of Insider Monkey held stakes worth $85.04 million in Magellan Midstream Partners, L.P. (NYSE: MMP), down 22 from the preceding quarter worth $146.29 million.
You can also take a peek at 10 Extreme Dividend Stocks with Huge Upside and 10 Blue Chip Dividend Stocks Hedge Funds Are Buying.
