5 Very High Yield Dividend Stocks With Upside Potential

3. Energy Transfer LP (NYSE:ET)

Number of Hedge Fund Holders: 34
Upside Potential as of November 28: 32.70%

Energy Transfer LP (NYSE:ET) is a company that is involved in the midstream energy sector, specializing in the transportation, storage, and distribution of various energy commodities. The company pays a quarterly dividend of $0.3125 per share, having raised it by 0.8% in October this year. This marked the company’s eighth consecutive year of dividend growth. With a dividend yield of 9.14%, as of November 28, ET is one of the best dividend stocks on our list.

Energy Transfer LP (NYSE:ET) was a part of 34 hedge fund portfolios at the end of Q3 2023, which remained unchanged from the previous quarter, as per Insider Monkey’s database. The stakes owned by these funds have a collective value of over $803.2 million. Among these hedge funds, Abrams Capital Management was the company’s leading stakeholder in Q3.