5 Best Stocks to Invest in Under $100

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1. The Williams Companies Inc. (NYSE:WMB)

Number of Hedge Fund Holders: 84

The Williams Companies Inc. (NYSE:WMB) is one of the best stocks to invest in under $100. On June 28, it was reported that Williams is in advanced talks to acquire natural gas pipeline operator Momentum Midstream for ~$5.5 billion. The deal would be one of the largest in the company’s history and is being negotiated to purchase the firm from private equity provider EnCap Flatrock Midstream.

A formal announcement regarding the transaction could be made within the next week, though the parties have not yet reached a final agreement. If completed, the acquisition would significantly expand Williams’ infrastructure, adding capacity to transport natural gas from the Haynesville fields in East Texas and Northern Louisiana to key export terminals on the U.S. Gulf Coast.

Momentum Midstream currently operates 4,000 miles of pipeline that support 10 LNG facilities and 26 power plants. This deal would integrate these strategic assets into The Williams Companies Inc.’s (NYSE:WMB) existing network of more than 30,000 miles of pipeline, positioning the company to benefit from the expected doubling of US liquefied natural gas exports by the end of the decade.

The Williams Companies Inc. (NYSE:WMB) operates as an energy infrastructure company primarily in the United States.

While we acknowledge the potential of WMB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WMB and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Top 10 Value Stocks to Buy Under $10 and 10 Best Growth Stocks Under $30 to Buy Now.

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