5 Best Dividend Stocks of 2022

4. EQT Corporation (NYSE:EQT)

Year-to-date Returns as of December 12: 69.1%

An American energy company, EQT Corporation (NYSE:EQT) reported mixed earnings in the third quarter of 2022. The company’s revenue of $2.07 billion showed a 241% decline from the previous quarter but beat analysts’ estimates by $309.5 million. Its operating cash flow came in at $1.1 billion and generated $591 million in free cash flow during the quarter.

On October 20, EQT Corporation (NYSE:EQT) declared a quarterly dividend of $0.15 per share, which fell in line with its previous dividend. The stock’s dividend yield on December 12 came in at 1.62%.

At the end of Q3 2022, 57 hedge funds in Insider Monkey’s database owned stakes in EQT Corporation (NYSE:EQT), up from 52 in the previous quarter. The collective value of these stakes is over $2.11 billion. With over 6 million shares, Soroban Capital Partners was the company’s leading stakeholder in Q3.

ClearBridge Investments mentioned EQT Corporation (NYSE:EQT) in its Q3 2022 investor letter. Here is what the firm has to say:

“We also added natural gas company EQT (NYSE:EQT) in the energy sector. As one of the lowest-cost domestic producers, EQT stands to benefit from its position as a leading supplier of natural gas to a world suffering from critically low energy reserves. The Russian invasion of Ukraine and threats to hold natural gas exports hostage have spurred a surge in European energy prices, generating long-term agreements by European countries to purchase U.S. natural gas.

This strong demand and elevated prices have helped EQT strengthen its balance sheet and position it to take advantage as opportunities emerge for natural gas to plug the gaps in the global energy transition from fossil fuels to renewables.”