In this article, we discuss 5 energy dividend stocks with over 4% yield. If you want to see some more high yield energy picks, click 10 Energy Dividend Stocks with Over 4% Yield.
5. Pembina Pipeline Corporation (NYSE:PBA)
Number of Hedge Fund Holders: 10
Dividend Yield as of April 20: 4.96%
Headquartered in Calgary, Canada, Pembina Pipeline Corporation (NYSE:PBA) is a transportation and midstream services company. The company deals in crude oil, natural gas, condensate, and natural gas liquids. Pembina Pipeline Corporation (NYSE:PBA)’s dividend yield on April 20 stood at 4.96%.
On April 19, Scotiabank analyst Robert Hope maintained an Outperform rating on Pembina Pipeline Corporation (NYSE:PBA) and raised the firm’s price target on the shares to C$54 from C$49.
In 2021, Pembina Pipeline Corporation (NYSE:PBA)’s revenue for the year came in at $6.8 billion, compared to $4.6 billion in the previous year. The net income in 2021 stood at $982.2 million, versus a loss of $248.3 million in 2020.
Pembina Pipeline Corporation (NYSE:PBA) declared on April 6 a C$0.21 per share monthly dividend, in line with previous. The dividend is payable on May 13, for shareholders of record on April 25. The stock has gained almost 32.5% year-to-date.
According to Insider Monkey’s Q4 data, 10 hedge funds were bullish on Pembina Pipeline Corporation (NYSE:PBA), up from 8 funds in the earlier quarter. The total stakes held in the fourth quarter amounted to $36.8 million. Israel Englander’s Millennium Management is a significant shareholder of the company, with 533,808 shares worth $16.2 million.
4. Alliance Resource Partners, L.P. (NASDAQ:ARLP)
Number of Hedge Fund Holders: 5
Dividend Yield as of April 20: 5.79%
Alliance Resource Partners, L.P. (NASDAQ:ARLP) is an Oklahoma-based diversified natural resource company, operating through four segments – Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties. Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s dividend yield on April 20 stood at 5.79%.
Noble Capital analyst Mark Reichman on March 30 initiated coverage of Alliance Resource Partners, L.P. (NASDAQ:ARLP) with an Outperform rating and a $22 price target. Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s coal, oil, and gas mineral interests are located in “favorable” producing regions across the United States, the analyst told investors in a research note. The analyst said that strong cash flows by Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s operations are forecasted to fund ongoing growth in its oil and natural gas royalty business, along with diversification into green energy.
On January 25, Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a $0.25 per share quarterly dividend, a 25% increase from its prior dividend of $0.20. The dividend was paid on February 14, to shareholders of the company as of February 7.
Insider Monkey’s fourth quarter database suggested that 5 hedge funds were bullish on Alliance Resource Partners, L.P. (NASDAQ:ARLP), compared to 6 funds in the prior quarter. Adam Peterson’s Magnolia Capital Fund is the biggest stakeholder of the company, with approximately 5 million shares worth $62.5 million.
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.
2. Equitrans Midstream Corporation (NYSE:ETRN)
Number of Hedge Fund Holders: 17
Dividend Yield as of April 20: 7.13%
Equitrans Midstream Corporation (NYSE:ETRN) was incorporated in 2018 and is headquartered in Canonsburg, Pennsylvania. The company specializes in natural gas gathering, transmission and storage, and water services in the Appalachian Basin. Equitrans Midstream Corporation (NYSE:ETRN)’s dividend yield on April 20 was 7.13%.
On March 3, Goldman Sachs analyst John Mackay upgraded Equitrans Midstream Corporation (NYSE:ETRN) to Buy from Neutral with a price target of $9. The analyst stated that the risks to the Mountain Valley Pipeline (MVP) are “essentially fully-priced”. While the MVP will likely continue to generate mixed headlines for Equitrans Midstream Corporation (NYSE:ETRN) until it is concluded or cancelled, the risk-reward favors a bullish stance, he added.
Equitrans Midstream Corporation (NYSE:ETRN) declared on January 24 a $0.15 per share quarterly dividend. The dividend was distributed on February 14, to shareholders of the company on February 3.
According to Insider Monkey’s Q4 data, 17 hedge funds were bullish on Equitrans Midstream Corporation (NYSE:ETRN), with collective stakes amounting to $117.2 million. Michael Lowenstein’s Kensico Capital is the leading position holder in the company, with more than 3 million shares worth $32.5 million.
Here is what Miller Howard Investments has to say about Equitrans Midstream Corporation (NYSE:ETRN) in its Q3 2021 investor letter:
“Our best holdings for the quarter were companies poised to benefit from the recovery. Equitrans Midstream (ETRN), our third largest contributor, could see higher volumes on its pipelines given the recovery in natural gas prices.”
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.
