5 Energy Stocks that Pay Monthly Dividends

In this article, we will be taking a look at 5 energy monthly dividend stocks. To skip our detailed analysis of these stocks and the energy sector, you can go directly to see the 10 Energy Stocks that Pay Monthly Dividends.

5. Pembina Pipeline Corporation (NYSE: PBA)

Number of Hedge Fund Holders: 15
Dividend Yield: 6%

Pembina Pipeline Corporation (NYSE: PBA) is a provider of transportation and midstream services in the energy industry, and ranks 5th on our list of energy monthly dividend stocks. The company is based in Calgary, Canada.

Ben Pham, an analyst at BMO Capital, resumed coverage of shares of Pembina Pipeline Corporation (NYSE: PBA) this July. The analyst hold a Market Perform rating on the stock, alongside a price target of $32.70, up from the previous price target of $31.11.

In the second quarter of 2021, Pembina Pipeline Corporation (NYSE: PBA) had an EPS of $0.37, missing estimates by $0.07. The company’s revenue was $1.56 billion, up 63.99% year over year and beating estimates by $361.48 million. Pembina Pipeline Corporation (NYSE: PBA) has also gained 15.45% in the past 6 months and 33.88% year to date.

By the end of the first quarter of 2021, 15 hedge funds out of the 866 tracked by Insider Monkey held stakes in Pembina Pipeline Corporation (NYSE: PBA) worth roughly $74.9 million. This is compared to 13 hedge funds in the previous quarter with a total stake value of approximately $61.7 million.