5 Energy Dividend Stocks with Over 4% Yield

3. Eni S.p.A. (NYSE:E)

Number of Hedge Fund Holders: 3

Dividend Yield as of April 20: 6.26% 

Headquartered in Rome, Italy, Eni S.p.A. (NYSE:E) is a crude oil and natural gas company. It operates through Exploration & Production, Global Gas & LNG Portfolio, Refining & Marketing and Chemicals, and Plenitude and Power segments. Eni S.p.A. (NYSE:E)’s dividend yield on April 20 stood at 6.26% and the company pays dividends semiannually. 

On April 19, JPMorgan analyst Christyan Malek reiterated an Overweight rating on Eni S.p.A. (NYSE:E) and raised the firm’s price target on the shares to €20 from €18.50. 

Eni S.p.A. (NYSE:E)’s full-year revenue in 2021 stood at $88.3 billion, compared to $54.8 billion in the preceding year. Eni S.p.A. (NYSE:E)’s 2021 net income came in at $6.6 billion, a sharp rebound from the net loss of $10.5 billion in 2020. 

Eni S.p.A. (NYSE:E) on April 13 announced that it is working towards securing increased gas flows for Italy from Egypt, as Italy and other European countries look for gas supplies that can replace Russian imports. This will generate about 3 billion cm of LNG cargoes this year.

According to Insider Monkey’s Q4 database, 3 hedge funds were bullish on Eni S.p.A. (NYSE:E), holding stakes in the company worth $95.3 million, compared to the same number of funds in the prior quarter, with stakes in Eni S.p.A. (NYSE:E) valued at $75.4 million. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital held the leading position in the company, with 1.84 million shares worth approximately $51 million.