5 Best Dividend Stocks to Buy According to Kenneth A. Moffet’s Hourglass Capital

3. The Williams Companies, Inc. (NYSE:WMB)

Number of Hedge Fund Holders: 38
Dividend Yield as of June 2: 4.54%
Hourglass Capital’s Stake Value: $6,161,000

The Williams Companies, Inc. (NYSE:WMB) is an American energy company with core businesses in natural gas processing and transportation. At the end of Q1 2022, Hourglass Capital owned 184,396 shares in the company, worth over $6.1 million. The company accounted for 1.92% of Kenneth A. Moffet’s portfolio.

The number of hedge funds tracked by Insider Monkey owning stakes in The Williams Companies, Inc. (NYSE:WMB) stood at 38 in Q1 2022, the same as in the previous quarter. These stakes are valued at $410.6 million. Arrowstreet Capital was the largest shareholder of the Oklahoma-based company, owning stakes worth over $76.3 million.

This April, Morgan Stanley lifted its price target on The Williams Companies, Inc. (NYSE:WMB) to $40, with an Equal Weight rating on the shares, presenting a bullish view of the midstream sector. The Williams Companies, Inc. (NYSE:WMB) pays a quarterly dividend of $0.425 per share, growing it by 4% in February. The stock’s dividend yield stood at 4.54%, as of the close of June 2.

ClearBridge Investments mentioned The Williams Companies, Inc. (NYSE:WMB) in its Q4 2021 investor letter. Here is what the firm has to say:

“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.