Is Williams Companies (WMB) A Good Stock To Buy?

ClearBridge Investments, an investment management firm, published its “Global Infrastructure Income Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here. On a relative basis, measured against the S&P Global Infrastructure Index, the ClearBridge Global Infrastructure Income Strategy underperformed during the first quarter. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

In the Q1 2021 Investor Letter, the fund highlighted a few stocks and Williams Companies Inc. (NYSE:WMB) is one of them. Williams Companies Inc. (NYSE:WMB) is an energy company. In the last three months, Williams Companies Inc. (NYSE:WMB) stock gained 18%. Here is what the fund said:

“U.S. energy infrastructure company Williams Companies also performed well. Williams owns and operates natural gas pipelines and associated midstream assets in the U.S. Shares continued to rebound driven by the strong cyclical recovery, which has benefited energy stocks. Williams also delivered resilient fourth-quarter earnings despite energy demand pressure from COVID-19.”

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Earlier this month, we published an article revealing that Williams Companies Inc. (NYSE:WMB) was one of the 10 best stocks to invest in according to Bruce Berkowitz’s Fairholme Capital.

In Q4 2020, the number of bullish hedge fund positions on Williams Companies Inc. (NYSE:WMB) stock remained unchanged from the previous quarter (see the chart here). Our calculations showed that Williams Companies Inc. (NYSE:WMB) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

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