7 Dividend-Paying Stocks to Skip Now – 24/7 Wall St.

As Memorial Day weekend approaches, heralding the unofficial start of summer, many Americans planning summer vacations are keeping a close eye on gasoline prices, which continue to hit all-time highs. In California, prices jumped to over $6 a gallon in some places. For those ready to hit the highway, the pain at the pump can be severe, and for those looking to catch a flight to distant destinations, jet fuel is also at sky-high levels.

What went unnoticed was the price of natural gas, which briefly topped the $9 level for the first time since 2008. While most consumers won’t see it in their heating bills just yet, as the Hot weather is upon us, in most parts of the country, power plant air conditioning costs are expected to rise significantly for consumers.

Investors looking to take advantage of high prices should look to top natural gas stocks that pay a dividend. We found seven that make sense now, and all are rated Buy at Big Wall Street companies. It is important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.

Energy Cheniere

This top-tier liquefied natural gas (LNG) play has taken a huge step up from October 2020 lows. Cheniere Energy Inc. (NYSEAMERICAN: LNG) is an energy company primarily engaged in LNG-related business. The Company operates through two segments.

Cheniere’s LNG terminals segment includes the Sabine Pass and Corpus Christi LNG terminals. Its LNG and Natural Gas Marketing segment includes LNG and natural gas marketing business by Cheniere Marketing.

Cheniere Marketing develops a portfolio of long and medium term sales and purchase contracts with professional staff based in the United States, United Kingdom, Singapore and Chile. The Company operates through its subsidiaries, including the development, construction and operation of its LNG terminal business and the development and operation of its LNG and natural gas marketing business.

Investors in Cheniere Energy shares receive a dividend of 1.01%. JP Morgan has a price target of $192, and the consensus target is just $158.55. The shares closed Thursday at $136.09 each.

Coterra Energy

This company was formed by the closing of the $17 billion merger of Cabot Oil & Gas and Cimarex Energy in 2021. Coterra Energy Inc. (NASDAQ: CTRA) is an independent oil and gas company engaged in the development, exploration and production of oil, natural gas and natural gas liquids (NGLs) in the United States. It primarily focuses on the Marcellus Shale, with approximately 177,000 net acres in the area’s dry gas window located in Susquehanna County, Pennsylvania.

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