5 Energy Dividend Stocks with Over 4% Yield

1. Crestwood Equity Partners LP (NYSE:CEQP)

Number of Hedge Fund Holders: 3

Dividend Yield as of April 20: 8.13%

Crestwood Equity Partners LP (NYSE:CEQP) was incorporated in 2001 and is headquartered in Houston, Texas. The company distributes natural gas, crude oil, and processed water. Crestwood Equity Partners LP (NYSE:CEQP)’s dividend yield on April 20 came in at 8.13%. 

On April 14, Crestwood Equity Partners LP (NYSE:CEQP) declared a quarterly dividend of $0.655 per share, a 4.8% increase from its prior dividend of $0.625. The dividend is payable on May 13, to shareholders of record on April 6. 

JPMorgan analyst Dan Walk upgraded Crestwood Equity Partners LP (NYSE:CEQP) on February 28 to Overweight from Neutral with a price target of $34, up from $32. The acquisition of Oasis Midstream helped Crestwood Equity Partners LP (NYSE:CEQP) scale its operations and access new growth avenues while maintaining 3.5 times leverage and other credit metrics, the analyst told investors in a research note. He believes the stock is attractively valued at present levels.

Among the hedge funds tracked by Insider Monkey, 3 funds were bullish on Crestwood Equity Partners LP (NYSE:CEQP) at the end of December 2021, with combined stakes amounting to $7 million. Springbok Capital is a prominent shareholder of the company, with a position worth $4.18 million. 

You can also take a look at 10 LNG Shipping Stocks to Buy Now and 10 Best Stocks To Buy For Beginners Right Now. 

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