Williams Companies
This top energy company is a solid pick for investors who are more conservative and looking for exposure to LNG. Williams Companies Inc. (NYSE: WMB) operates as an energy infrastructure company primarily in the United States.
Its Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines, as well as natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region. The Northeast G&P segment engages in the midstream gathering, processing and fractionation activities in the Marcellus Shale region, primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio.
The West segment comprises gas gathering, processing and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, the Eagle Ford Shale region of South Texas, the Haynesville Shale region of northwest Louisiana and the Mid-Continent region, which includes the Anadarko, Arkom, and Permian basins. It also includes NGL and natural gas marketing operations, as well as storage facilities.
The company owns and operates 30,000 miles of pipelines, 34 processing facilities, nine fractionation facilities and approximately 23 million barrels of NGL storage capacity.
Shareholders receive a 4.63% dividend. The Strong Buy rating at Raymond James comes with a $40 price objective. The consensus target is $37.45. Williams Companies stock closed at $36.92 on Thursday.
These seven top energy picks with a focus on natural gas production and sales are perhaps off the radar for some investors, but they offer outstanding growth potential and reasonable entry points as compared to some of the other companies in the sector. It may make sense to buy partial positions now and see if prices back up some, but the path of least resistance as we head into the summer certainly looks higher.
Originally posted at 24/7 Wall St.
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