Williams Companies, Inc. (The) (WMB) Position Cut by HighTower Advisors LLC

HighTower Advisors LLC decreased its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 21.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 128,803 shares of the pipeline company’s stock after selling 35,669 shares during the period. HighTower Advisors LLC’s holdings in Williams Companies, Inc. (The) were worth $3,814,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SeaBridge Investment Advisors LLC bought a new stake in Williams Companies, Inc. (The) during the first quarter valued at about $109,000. Massey Quick & Co. LLC bought a new stake in Williams Companies, Inc. (The) during the first quarter valued at about $121,000. Acrospire Investment Management LLC raised its stake in Williams Companies, Inc. (The) by 27.0% in the first quarter. Acrospire Investment Management LLC now owns 4,700 shares of the pipeline company’s stock valued at $139,000 after buying an additional 1,000 shares during the last quarter. Parallel Advisors LLC raised its stake in Williams Companies, Inc. (The) by 124.1% in the first quarter. Parallel Advisors LLC now owns 4,646 shares of the pipeline company’s stock valued at $143,000 after buying an additional 2,573 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Williams Companies, Inc. (The) by 38.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,516 shares of the pipeline company’s stock worth $163,000 after buying an additional 1,534 shares in the last quarter. Institutional investors and hedge funds own 84.65% of the company’s stock.

Williams Companies, Inc. (NYSE WMB) traded up 0.03% during trading on Friday, reaching $31.99. The company had a trading volume of 3,464,894 shares. Williams Companies, Inc. has a 52-week low of $22.39 and a 52-week high of $32.69. The company has a market capitalization of $26.43 billion, a PE ratio of 2132.67 and a beta of 1.38. The stock has a 50 day moving average price of $30.19 and a 200-day moving average price of $29.51.

Williams Companies, Inc. (The) (NYSE:WMB) last issued its quarterly earnings results on Wednesday, May 3rd. The pipeline company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by $0.06. Williams Companies, Inc. (The) had a return on equity of 3.74% and a net margin of 0.18%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the firm earned $0.03 EPS. On average, equities research analysts anticipate that Williams Companies, Inc. will post $1.02 earnings per share for the current fiscal year.

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A number of brokerages recently issued reports on WMB. Zacks Investment Research downgraded Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Thursday. Scotiabank set a $30.00 target price on Williams Companies, Inc. (The) and gave the stock a “hold” rating in a research note on Saturday, July 22nd. Barclays PLC upgraded Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $33.00 to $36.00 in a research note on Tuesday, July 18th. BidaskClub upgraded Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Jefferies Group LLC set a $34.00 price target on Williams Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Friday, June 16th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Williams Companies, Inc. (The) has an average rating of “Buy” and an average price target of $33.07.

In related news, insider Robyn L. Ewing sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $30.57, for a total value of $305,700.00. Following the transaction, the insider now directly owns 42,903 shares in the company, valued at $1,311,544.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles I. Cogut acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were purchased at an average cost of $30.63 per share, with a total value of $30,630.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $30,630. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 38,750 shares of company stock worth $1,107,110 and sold 92,561 shares worth $2,876,240. Insiders own 0.53% of the company’s stock.

Williams Companies, Inc. (The) Company Profile

The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.

Institutional Ownership by Quarter for Williams Companies, Inc. (The) (NYSE:WMB)

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