5 Dividend Stocks to Buy According to Jacob Mitchell’s Antipodes Partners

1. EQT Corporation (NYSE:EQT)

Dividend Yield as of August 8: 1.43%
Antipodes Partners’ Stake Value: $193,069,000

An American energy company, EQT Corporation (NYSE:EQT) was the largest holding of Antipodes Partners in Q1 2022. The hedge fund owned over 5.6 million shares in the company, raising its position by 3%. These shares are valued at over $193 million. The company represented 6.84% of Jacob Mitchell’s portfolio.

On July 20, EQT Corporation (NYSE:EQT) declared a quarterly dividend of $0.15 per share, raising it by 20%. The company temporarily ceased its payouts in 2021 to repay its debt but reinstated dividends in March 2022. As of August 8, the stock’s dividend yield stood at 1.43%.

In July, Scotiabank assumed its coverage of EQT Corporation (NYSE:EQT) with an Outperform rating and a $54 price target, highlighting the company’s efficient capital allocation.

Dan Loeb’s Third Point owned nearly 9 million shares in EQT Corporation (NYSE:EQT), becoming the company’s largest stakeholder in Q1 2022. Overall, 52 hedge funds in Insider Monkey’s database owned stakes in the Pennsylvania-based company in Q1, with a total value of over $2.1 billion.

ClearBridge Investments mentioned EQT Corporation (NYSE:EQT) in its Q1 2022 investor letter. Here is what the firm has to say:

“In the early days of the invasion, we made two measured changes to the portfolio based on longer-term fallout we anticipate from Russia’s invasion of Ukraine. First, we initiated small positions in U.S. natural gas producer EQT (NYSE:EQT).

Given its superior environmental profile compared to other fossil fuels, we have long favored natural gas in our energy holdings. Combustion of natural gas releases 50% less CO2 than coal, 25% less CO2 than gasoline and dramatically less particulate and pollution, per the U.S. Energy Information Administration. With the advances in shale production this century, the U.S. has become a natural gas powerhouse with some of the lowest-cost and largest reserves in the world. But because natural gas is difficult to ship across the ocean (it must be liquefied, which requires expensive infrastructure on both ends of the voyage), America’s gas bounty has ironically proved a burden for U.S. producers. (Click here to see the full text)

You can also take a look at 10 Best Battery ETFs to Buy Now and 10 Best Growth Stocks for the Next 10 Years

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