5 Energy Dividend Stocks with Over 2% Yield

2. Equitrans Midstream Corporation (NYSE: ETRN)

Number of Hedge Fund Holders: 28
Dividend Yield: 7%

Equitrans Midstream Corporation (NYSE: ETRN) works to operate and acquire natural gas gathering, transmission, and storage, and water services assets in the Appalachian Basin for their development. The company ranks 2nd on our list of energy dividend stocks with over 2% yield and operates through its Gathering System, Transmission and Storage System, and Water Service System segments.

This June, Barclays analyst Christopher Tillett raised his price target on shares of Equitrans Midstream Corporation (NYSE: ETRN) from $7 to $9.

In the second quarter of 2021, Equitrans Midstream Corporation (NYSE: ETRN) had an EPS of $0.13, missing estimates by -$0.09. The company’s revenue was $348.30 million, up 2.26% year over year and beating estimates by $7.42 million. Equitrans Midstream Corporation (NYSE: ETRN) has gained 17.08% in the past 6 months and 10.72% year to date.

By the end of the first quarter of 2021, 28 hedge funds out of the 866 tracked by Insider Monkey held stakes in Equitrans Midstream Corporation (NYSE: ETRN) worth roughly $361 million. This is compared to 25 hedge funds in the previous quarter with a total stake value of approximately $407 million.