Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Williams Companies, Inc. (WMB) Jumps 5% As The Acquisition Plot Thickens: Is It A Buy?

On the whole how did hedge funds trade Williams Companies, Inc. (NYSE:WMB) during the second quarter?

According to Insider Monkey’s database, there was capital inflow into the stock during the second trimester as there were 86 hedge funds with investments in the stock worth $10.6 billion on June 30 compared to only 60 hedge funds with $6.6 billion in holdings at the end of March. Considering the fact that the stock has appreciated by 14% during the second quarter, we can say that hedge funds were bullish on the stock. Also, investors did not consider this stock to be overvalued, as nearly 25% of the company’s outstanding shares were held by hedge funds at the end of June.

Overall, hedge funds were bullish on the stock, as many hedge funds opted to open fresh positions in the stock during the second quarter, whereas many large shareholders opted to hold onto their positions or strengthen their positions in the stock during the April – June quarter. As the acquisition plot continues to thicken, we can expect more gains from this stock over the next few weeks as a possible bidding war heats up for its acquisition. Considering the bullish hedge fund sentiment on the stock, we recommend buying Williams Companies at the moment.

Disclosure: None

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.