Longleaf Partners on Williams (WMB): “We Remain Confident in the Business”

Longleaf Partners Fund, a Memphis-based fund under Southeastern Asset Management, published its “Longleaf Partners Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Longleaf Partners Fund declined 0.53% in the first quarter, holding up better than the S&P 500, which fell 4.60%. In a volatile quarter for markets across the globe, its companies made solid progress across the board. Try to take some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Longleaf Partners Fund mentioned The Williams Companies, Inc. (NYSE:WMB) and explained its insights for the company. Founded in 1908, The Williams Companies, Inc. (NYSE:WMB) is a Tulsa, Oklahoma-based petroleum business company with a $37.9 billion market capitalization. The Williams Companies, Inc. (NYSE:WMB) delivered a 19.74% return since the beginning of the year, while its 12-month returns are up by 18.83%. The stock closed at $31.18 per share on July 07, 2022.

Here is what Longleaf Partners Fund has to say about The Williams Companies, Inc. (NYSE:WMB) in its Q1 2022 investor letter:

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.”

Our calculations show that The Williams Companies, Inc. (NYSE:WMB) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. The Williams Companies, Inc. (NYSE:WMB) was in 38 hedge fund portfolios at the end of the first quarter of 2022, compared to 38 funds in the previous quarter. The Williams Companies, Inc. (NYSE:WMB) delivered a -7.34% return in the past 3 months.

In April 2022, we also shared another hedge fund’s views on The Williams Companies, Inc. (NYSE:WMB) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.