Top 5 Dividend Stock Picks of Billionaire George Soros’ Fund

2. Enterprise Products Partners L.P. (NYSE:EPD)

Number of Hedge Fund Holders: 25
Dividend Yield as of January 21: 7.74%
Soros Fund Management’s Stake Value: $4,112,000

Enterprise Products Partners L.P. (NYSE:EPD) is an American midstream natural gas and crude oil pipeline company that provides energy services to consumers. Due to the company’s recent announcement of acquiring privately owned Navitas Midstream, in January, Mizuho raised its price target on Enterprise Products Partners L.P. (NYSE:EPD) to $30, with a Buy rating on the shares.

In Q3 2021, Soros Fund Management held shares worth over $4.1 million in Enterprise Products Partners L.P. (NYSE:EPD), which makes up 0.07% of its 13F portfolio. On January 6, the company announced a quarterly dividend of $0.465 per share, up 6% from the previous dividend. Enterprise Products Partners L.P. (NYSE:EPD) is one of the best dividend stocks in George Soros’ portfolio as it has a 22-year track record of consistent dividend growth.

First Eagle Investment Management held shares worth $61.1 million in Enterprise Products Partners L.P. (NYSE:EPD), becoming its largest shareholder in Q3. Overall, 25 hedge funds tracked by Insider Monkey held stakes in the company in Q3, compared with 28 in the previous quarter. These stakes hold a consolidated value of over $233.2 million.

ClearBridge Investments mentioned Enterprise Products Partners L.P. (NYSE:EPD) in its Q1 2021 investor letter. Here is what the firm has to say:

“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.”