Anthony Scaramucci's Hedge Fund Trade Of The Week: Williams Companies (WMB)

Loading...
Loading...

Anthony Scaramucci said on CNBC's Fast Money that this week's hedge fund trade of the week is Williams Companies, Inc. WMB.

Mr. Scaramucci thinks that this company is worth between $37 and $45 per share. He expects that Williams Companies, Inc. (WMB) will unleash value in the E&P spin off. He also said that WMB owns 75% of William MLP, which is worth around $10.5 billion, and it also owns WMZ distribution which is valued at $4.5 billion.

Williams Companies, Inc. (WMB) is owned by Michael Karsch of the Karsch Capital Management, Adage Capital, Daniel Loeb, and Omega. Anthony Scaramucci thinks that this stock is cheap.

Williams Companies, Inc. (WMB) fell 1.61% in the regular trading session, and it closed at $29.36. In the after hours, it added 1.70%.

Market News and Data brought to you by Benzinga APIs
Posted In: CNBCLong IdeasFast MoneyMediaTrading IdeasAdage CapitalAnthony ScaramucciDaniel LoebKarsch Capital ManagementMichael KarschOmega
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...