5 Dividend Stocks to Buy According to Billionaire Stanley Druckenmiller’s Duquesne Capital

In this article, we discuss 5 dividend stocks to buy according to billionaire Stanley Druckenmiller’s Duquesne Capital. If you want to read our detailed analysis of the billionaire’s investment strategy and his hedge fund’s past performance as well as the risk/reward and methodology of this list, go directly to read 10 Dividend Stocks to Buy According to Billionaire Stanley Druckenmiller’s Duquesne Capital. 

5. EQT Corporation (NYSE:EQT)

Number of Hedge Fund Holders: 52
Dividend Yield as of September 8: 1.30%

EQT Corporation (NYSE:EQT) is an American energy company that specializes in the exploration of hydrocarbon and pipeline transport. The company is one of the latest holdings of Duquesne Capital, as the hedge fund bought 259,055 shares in the company in the recent quarter. The fund’s total stake in the company stood at roughly $9 million, which represented 0.64% of its 13F portfolio.

On July 20, EQT Corporation (NYSE:EQT) announced a 20% hike in its quarterly dividend to $0.15 per share. As of September 8, the stock’s dividend yield stood at 1.30%.

In August, Mizuho lifted its price target of EQT Corporation (NYSE:EQT) to $59 with a Buy rating on the shares. The firm presented a positive outlook for Exploration and Production sector and expects it to outperform the broader market in the current market situation.

As of the close of Q2 2022, 52 hedge funds tracked by Insider Monkey owned investments in EQT Corporation (NYSE:EQT), ranking the stock as among our list of 5 and 10 dividend stocks to buy according to billionaire Stanley Druckenmiller’s Duquesne Capital. The hedge fund’s investments hold a collective value of over $2.28 billion. Dan Loeb’s Third Point was the company’s leading stakeholder in Q2.

ClearBridge Investments mentioned EQT Corporation (NYSE:EQT) in its recently-published Q2 2022 investor letter. Here is what the firm has to say:

“We initiated a position in EQT (NYSE:EQT), the largest natural gas producer in the U.S., which possesses high-quality acreage within the Marcellus Shale basin. EQT has benefited from tight supply and demand dynamics as cleaner-burning natural gas takes global share from coal and exports to Europe and Asia provide an avenue of demand growth. Longer-term contracts enhance EQT’s earnings visibility as Europe eliminates its dependence on Russian gas.”