5 Dividend Stocks to Buy According to Billionaire Steve Cohen

4. Equitrans Midstream Corporation (NYSE:ETRN)

Stake Value of Point72 Asset Management: $31,474,000

Percentage of Point72 Asset Management’s 13F Portfolio: 0.13%

Number of Hedge Fund Holders: 25

Dividend Yield as of December 12: 6.10%

Equitrans Midstream Corporation (NYSE:ETRN) owns, operates, acquires, and develops natural gas gathering, transmission and storage, and water services assets in the Appalachian Basin. It operates through three segments: Gathering System, Transmission and Storage System, and Water Service System.

Insider Monkey data showed 25 hedge fund positions, including Point72 Asset Management, for Equitrans Midstream Corporation (NYSE:ETRN) by the end of the third quarter of 2021.

On 28th September, BofA analyst Chase Mulvehill reinstated coverage of Equitrans Midstream Corporation (NYSE:ETRN) and gave the stock a Neutral rating and $11 price target.