Today we are going to discuss top 5 energy dividend stocks to invest in, according to Insider Monkey’s latest article. After the forced lockdown in 2020, oil stocks seem to recover step by step. In March 2020, OPEC countries decided to cut oil and gas production, and they waited until the economy started to speed up. Saudi Arabia, the major oil producer still doesn’t increase its production in April.
We must put up the question though – should we invest in energy stocks in 2021? Energy sector is constantly changing as the world is moving towards using electricity and renewables more and more nowadays. Countries with the highest carbon dioxide emission are those that the major oil producer countries are. Yet, they are planning to support strongly green plans inland, and reduce fossil emissions in everyday life. On the other hand, energy sector is among the evergreen ones, as humanity highly depends on industries, and all the industries are great energy consumers. Another aspect that is worth considering, that pure green energy revolution is on the threshold. All the major energy providers are preparing now for this inevitable change.
And now without a further ado, let’s see what Insider Monkey has investigated for us about the best energy dividend stocks to purchase now. Enterprise Products Partners L.P. ranks fifth with 30 hedge fund holders and 7.9% of dividend yield. As of revenue, Enterprise Products Partners L.P. is among the largest oil companies in the United States. It’s headquartered in Texas and offers a dividend yield of 8%. The company has paid dividend in the past 21 consecutive years with growing yield. Valero Energy Corporation stands on the fourth spot with 38 hedge fund holders and 5.21% dividend yield. The Fortune 500 Valero is also headquartered in Texas. The largest stakeholder is Holocene Advisors with owning 2 million shares at a value of $117.4 million. Valero is followed by Chevron Corporation on the second spot with 50 hedge fund holders and 4.84% of dividend yield. The stock has increased 12% in the past twelve months. The largest stakeholder is Warren Buffett’s Berkshire Hathaway with owning 48.5 million shares at a value of $4.1 billion. For more useful information and to see the original article, please click top energy dividend stocks to invest in