Top 5 Stock Picks of Henry Breck’s Heronetta Management

In this article, we discuss the top 5 stock picks of Henry Breck’s Heronetta Management. If you want to read our detailed analysis of Henry Breck’s history and hedge fund performance, go directly to Top 10 Stock Picks of Henry Breck’s Heronetta Management.

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

Heronetta Management’s Stake Value: $7.83 million

Percentage of Heronetta Management’s 13F Portfolio: 6.03%

Number of Hedge Fund Holders: 39

The Williams Companies, Inc. (NYSE:WMB) is an American energy company founded in 1908 as Williams Brothers. It is a Fortune 500 company whose primary business is natural gas processing. The Williams Companies, Inc. (NYSE:WMB) also owns petroleum and electricity generation plants.

The EPS for the third quarter of 2021 for The Williams Companies, Inc. (NYSE:WMB) was recorded at $0.34 compared to $0.27 estimates. Moreover, the company also beat the revenue estimates by $387.28 million after generating $2.48 billion.

As of the third quarter of 2021, Heronetta Management owned 301,865 shares of The Williams Companies, Inc. (NYSE:WMB) worth $7.83 million. Southeastern Asset Management holds the most significant stake in the company, with 7.8 million shares worth $202.59 million.

Longleaf Partners Fund’s investor letter for the second quarter of 2021 mentioned The Williams Companies, Inc. (NYSE:WMB). Here is what it said:

“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.”