5 Best Energy Dividend Stocks To Buy Now

In this article, we discuss 5 best energy dividend stocks to buy now. If you want to read our detailed analysis of the energy sector and the performance of dividend stocks over the years, go directly to read 12 Best Energy Dividend Stocks To Buy Now. 

5. NextEra Energy, Inc. (NYSE:NEE)

Number of Hedge Fund Holders: 58

NextEra Energy, Inc. (NYSE:NEE) is a leading clean energy company primarily involved in the generation, transmission, distribution, and sale of electric energy. The company offers a quarterly dividend of $0.4675 per share and has a dividend yield of 3.16%, as of December 11. It is one of the best dividend stocks on our list as the company has been growing its dividends for the past 27 years.

According to Insider Monkey’s database of Q3 2023, 58 hedge funds held stakes in NextEra Energy, Inc. (NYSE:NEE), compared with 59 a quarter earlier. The collective value of these stakes is more than $1.4 billion.

4. Cheniere Energy, Inc. (NYSE:LNG)

Number of Hedge Fund Holders: 58

Cheniere Energy, Inc. (NYSE:LNG) is primarily engaged in liquefied natural gas (LNG) businesses, involved in various aspects of the LNG value chain. The company initiated its dividend policy in 2020 and has raised its payouts twice since then. It currently offers a quarterly dividend of $0.435 per share and has a dividend yield of 1.01%, as of December 11.

As of the end of the third quarter of 2023, 58 hedge funds in Insider Monkey’s database owned investments in Cheniere Energy, Inc. (NYSE:LNG), compared with 60 in the previous quarter. The consolidated value of these stakes is more than $1.45 billion.

3. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Holders: 62

ConocoPhillips (NYSE:COP) is next on our list of the best dividend stocks from the energy sector. The American energy company has been growing its dividends for the past nine years and it pays a quarterly dividend of $0.58 per share. As of December 11, the stock has a dividend yield of 4.12%.

At the end of September 2023, 62 hedge funds tracked by Insider Monkey reported having stakes in ConocoPhillips (NYSE:COP), the same as in the previous quarter. The collective value of these stakes is more than $3.68 billion. With over 13.5 million shares, Harris Associates was the company’s leading stakeholder in Q3.

2. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 72

Chevron Corporation (NYSE:CVX) holds a 36-year streak of consistent dividend growth. The American energy company currently pays a quarterly dividend of $1.51 per share and has a dividend yield of 4.17%, as of December 11.

At the end of the third quarter of 2023, 72 hedge funds held stakes in Chevron Corporation (NYSE:CVX), compared with 73 in the previous quarter. The overall value of these stakes is over $21.4 billion.

1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 79

Exxon Mobil Corporation (NYSE:XOM) tops our list of the best dividend stocks from the energy sector. The company has been rewarding shareholders with growing dividends for the past 41 years and it offers a quarterly dividend of $0.95 per share. The stock has a dividend yield of 3.83%, as recorded on December 11.

Out of the 910 hedge funds in Insider Monkey’s database, 79 hedge funds owned stakes in Exxon Mobil Corporation (NYSE:XOM), up from 71 in the preceding quarter. These stakes are worth nearly $4.5 billion in total.

You can also take a look at 12 Healthcare Stocks Billionaires Like the Most and 10 Best Value Dividend Stocks Billionaires Are Crazy About