5 Best Pipeline and MLP Stocks To Buy

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

Number of Hedge Fund Holders: 39 

The Williams Companies, Inc. (NYSE:WMB) is an American energy company involved in the processing and transportation of natural gas.

On September 22, The Williams Companies, Inc. (NYSE:WMB) signed an agreement with Danish renewables company Orsted to co-develop hydrogen or synthetic natural gas facilities powered by renewable energy. The joint agreement will consider large-scale wind energy. In Q2 2021, The Williams Companies, Inc. (NYSE:WMB) reported revenue of $2.28 billion, beating the estimates by $210 million and showcasing a 28.1% growth from the prior-year quarter. Recently, BofA reinstated the coverage of The Williams Companies, Inc. (NYSE:WMB) with a ‘Buy’ rating and a $31 price target.

As of Q2 2021, 39 hedge funds tracked by Insider Monkey have positions in The Williams Companies, Inc. (NYSE:WMB), up from 34 in the previous quarter. The total value of these stakes is $551 million. 

Longleaf Partners Fund recently mentioned The Williams Companies, Inc. (NYSE:WMB) in its second-quarter 2021 investor letter. Here is what the firm has to say: 

“Williams (14%, 0.51%), the natural gas pipeline operator, was also a positive contributor. The value grew slowly but steadily thanks to continued cash flow growth at Williams’s main Transco pipeline, as well as good volume trends (up 11% YOY) in its Northeast assets. The stock traded up with gas price strength as the quarter went on. We believe that management is open to more transactions to grow and simplify value per share, and as industry conditions improve, this becomes more likely.”