In this article, we discuss 5 dividend stocks to buy according to Bernard Horn’s Polaris Capital Management. If you want to read our analysis of Horn’s hedge fund and its performance, go directly to read 10 Best Dividend Stocks to Buy According to Bernard Horn’s Polaris Capital Management.
5. The Williams Companies, Inc. (NYSE:WMB)
Dividend Yield as of June 29: 5.39%
Polaris Capital Management’s Stake Value: $62,487,000
The Williams Companies, Inc. (NYSE:WMB) is a Tulsa-based petroleum business company with its core business in natural gas processing and transportation. The company’s investment in Louisiana Energy Gateway Project is completed, which will facilitate the delivery of natural gas to Gulf Coast customers.
The company raised its dividend at a CAGR of 7% in the past five years. It currently offers a quarterly dividend of $0.425 per share, with a yield of 5.39%, as of June 29. In May, Mizuho raised its price target on The Williams Companies, Inc. (NYSE:WMB) to $39, with a Buy rating on the shares, appreciating the company’s earnings.
At the end of Q1 2022, Polaris Capital owned over 1.8 million WMB shares, valued at nearly $62.5 million. The company represented 2.24% of Bernard Horn’s portfolio.
As per Insider Monkey’s Q1 2022 data, 38 hedge funds owned stakes in The Williams Companies, Inc. (NYSE:WMB), the same as in the previous quarter. The collective value of these stakes is over $410.6 million. With over 2.2 million shares, Arrowstreet Capital was the company’s leading shareholder in Q1.
“On a regional level, the Strategy’s largest exposure is in the U.S. and Canada (58%) consisting of regulated and contracted utilities (31%) and economically sensitive user-pays infrastructure (27%). During the quarter we initiated new positions in U.S. energy infrastructure company Williams Companies. With supply chain issues, higher housing costs, higher commodity prices and producer price inflation remaining square in the sights for 2022, we think higher inflation is a risk for global markets. We expect growth to slow to trend or below by mid-2022 and U.S. Treasury yields to rise, which will mean a continuation of negative real bond yields. Additional forecast volatility and therefore market uncertainty will arise as new COVID-19 variants appear and circulate. However, with high levels of vaccination across the developed world and less propensity for mobility restrictions and lockdowns, we expect the economic implications to be limited.