In this article, we discuss 5 best high-yield dividend stocks to buy according to billionaire George Soros. For Soros’ investment philosophy and his comments on certain stocks please see 10 Best High-Yield Dividend Stocks to Buy According to Billionaire George Soros.
5. TOTAL SE (NYSE: TOT)
Value: $3,143,000
Percent of George Soros’ 13F Portfolio: 0.05%
No. of Shares Owned by Soros: 75,000
No. of Hedge Fund Holders: 14
Dividend Yield: 6.80%
French energy company Total SE is one of the best high-yield dividend stocks George Soros is buying. In the fourth quarter, the company’s net income fell 53% amid lower oil prices. However, cost-cutting measures helped the company reduce its expenses by $1.1 billion in 2020. For 2021, the company is expecting a 10% rise in its LNG sales as compared to 2020.
A total of 14 hedge funds tracked by Insider Monkey were bullish TOTAL SE at the end of the fourth quarter, down from 18 funds a quarter earlier.
4. Energy Transfer LP (NYSE: ET)
Value: $2,953,000
Percent of George Soros’ 13F Portfolio: 0.05%
No. of Shares Owned by Soros: 477,750
No. of Hedge Fund Holders: 25
Dividend Yield: 7.80%
Another energy company is George Soros portfolio, Energy Transfer is one of the best high-yield dividend stocks. Recently, Piper Sandler upgraded the stock to Overweight from Neutral with a $9 price target, upped from $7. The firm likes the stock amid improving energy fundamentals and the company’s unique top tier integrated network delivering oil and gas. The firm expects the company to generate solid FCF in 2021.
As of the end of the fourth quarter, 25 hedge funds in Insider Monkey’s database of 887 funds held stakes in ET, compared to 31 funds in the third quarter. David Tepper’s Appaloosa Management LP is the biggest stakeholder in the company, with 24 million shares, worth $148.7 million.
3. Enterprise Products Partners L.P. (NYSE: EPD)
Value: $3,722,000
Percent of George Soros’ 13F Portfolio: 0.07%
No. of Shares Owned by Soros: 190,000
No. of Hedge Fund Holders: 30
Dividend Yield: 8.09%
Energy company Enterprise Products ranks 3rd in the list of 10 best high-yield dividend stocks to buy according to George Soros. The company recently declared a quarterly dividend of $0.45/share. Forward yield for the stock comes in at 7.98%. The company in March said it plans to repurpose pipelines to handle inflow of other commodities to avoid new investments as it waits out the current uncertainty.
Appaloosa Management LP currently owns 3.5 million shares of EPD, worth $67.6 million. EPD occupies 1.01% of Appaloosa’s overall equity.
2. AGNC Investment Corp. (NASDAQ: AGNC)
Value: $21,383,000
Percent of George Soros’ 13F Portfolio: 0.4%
No. of Shares Owned by Soros:1,370,706
No. of Hedge Fund Holders: 25
Dividend Yield: 8.47%
Real estate investment trust AGNC Investment Corp is one of the best dividend stocks to buy now if you prefer high yields and don’t worry much about dividend history. The company has cut its dividend several times over the last few years amid uncertainty and losses. But after getting clobbered in 2020, the company is set to rebound in 2021 and dividend cuts are not expected anytime soon.
D E Shaw currently holds 5.9 million shares of AGNC that amounts $91.3 million. AGNC occupies 0.08% of D E Shaw’s total portfolio.
1. Magellan Midstream Partners, L.P. (NYSE: MMP)
Value: $3,467,000
Percent of George Soros’ 13F Portfolio: 0.06%
No. of Shares Owned by Soros: 81,700
No. of Hedge Fund Holders: 22
Dividend Yield: 9.22%
Oil transportation company Magellan Midstream Partners has increased its dividend consistently for over 20 straight years. It ranks 1st in the list of best high-yield dividend stocks according to George Soros. However, Goldman Sachs recently downgraded the stock to Neutral from Buy with a $42 price target.
According to our database, the number of MMP’s long hedge funds positions increased at the end of the fourth quarter of 2020. There were 22 hedge funds that hold a position in MMP compared to 20 funds in the third quarter. The biggest stakeholder of the company is Ari Zweiman’s 683 Capital Partners, with 1.7 million shares, worth $72.9 million.
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