5 Best Natural Gas Stocks to Buy Now

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

Number of Hedge Fund Holders: 38

Stock Price as of July 7: $29.72

The Williams Companies, Inc. (NYSE:WMB) is a Tulsa, Oklahoma-based natural gas processing and transportation company with exposure to electricity generation as well.

In a note issued to investors on May 4, Gabriel Moreen at Mizuho increased the target price on The Williams Companies, Inc. (NYSE:WMB) from $35 to $39 and reiterated a Buy rating on the stock. Following the Q1 2022 results, The Williams Companies, Inc. (NYSE:WMB) raised its guidance by 4% at the midpoint to incorporate the impact of acquiring Trace Midstream into its financials. Moreover, The Williams Companies, Inc. (NYSE:WMB) is taking into account the positive impact of a better-than-expected outlook of commodity prices on the upstream segment of the business and a strong forecast from the company’s core holdings in Northeast and Gulf of Mexico.

The Williams Companies, Inc. (NYSE:WMB) was mentioned in the Q1 2022 investor letter of Longleaf Partners Fund. Here’s what the firm said:

“Williams – Williams similarly benefitted from the positive natural gas tailwinds in the quarter. We scaled back our position on the back of strong performance but remain confident in the business. Its infrastructure positions Williams to be an important part of the renewable energy transition in the US through joint projects with the likes of Orsted in wind and other alternative energy solutions.”

The Williams Companies, Inc. (NYSE:WMB)  was held by 38 hedge funds as of Q1 2022.