Korea Investment CORP increased its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 11.2% during the second quarter, Holdings Channel reports. The institutional investor owned 355,074 shares of the pipeline company’s stock after buying an additional 35,647 shares during the period. Korea Investment CORP’s holdings in Williams Companies, Inc. (The) were worth $10,752,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in WMB. SeaBridge Investment Advisors LLC bought a new position in Williams Companies, Inc. (The) during the first quarter valued at about $109,000. Massey Quick & Co. LLC bought a new position in Williams Companies, Inc. (The) during the first quarter valued at about $121,000. Acrospire Investment Management LLC increased its position 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 in the last quarter. Parallel Advisors LLC increased its position 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 in the last quarter. Finally, CWM LLC increased its position in Williams Companies, Inc. (The) by 300.7% in the second quarter. CWM LLC now owns 4,893 shares of the pipeline company’s stock valued at $148,000 after buying an additional 3,672 shares in the last quarter. Institutional investors own 84.31% of the company’s stock.

Shares of Williams Companies, Inc. (WMB) opened at 30.49 on Wednesday. Williams Companies, Inc. has a 52 week low of $25.02 and a 52 week high of $32.69. The stock’s 50 day moving average is $30.52 and its 200 day moving average is $29.61. The firm has a market cap of $25.19 billion, a P/E ratio of 2032.67 and a beta of 1.38.

Williams Companies, Inc. (The) (NYSE:WMB) last posted its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.06. Williams Companies, Inc. (The) had a net margin of 6.24% and a return on equity of 3.43%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the firm posted $0.19 earnings per share. On average, equities research analysts predict that Williams Companies, Inc. will post $1.05 earnings per share for the current fiscal year.

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WMB has been the subject of several research analyst reports. Jefferies Group LLC set a $34.00 price objective on shares of Williams Companies, Inc. (The) and gave the company a “buy” rating in a research note on Friday, June 16th. BMO Capital Markets set a $32.00 price objective on shares of Williams Companies, Inc. (The) and gave the company a “buy” rating in a research note on Thursday, June 15th. Royal Bank Of Canada restated a “buy” rating and issued a $34.00 price objective on shares of Williams Companies, Inc. (The) in a research note on Tuesday, June 6th. Zacks Investment Research upgraded shares of Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Thursday, July 13th. Finally, BidaskClub upgraded shares of Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $34.00.

In other Williams Companies, Inc. (The) news, Director Stephen W. Bergstrom purchased 17,750 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was acquired at an average cost of $28.12 per share, with a total value of $499,130.00. Following the acquisition, the director now owns 17,750 shares of the company’s stock, valued at approximately $499,130. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robyn L. Ewing sold 81,561 shares of Williams Companies, Inc. (The) stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $31.14, for a total transaction of $2,539,809.54. Following the completion of the transaction, the insider now directly owns 47,003 shares of the company’s stock, valued at $1,463,673.42. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 37,750 shares of company stock valued at $1,076,480 and sold 92,561 shares valued at $2,876,240. Insiders own 0.50% of the company’s stock.

About Williams Companies, Inc. (The)

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.

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

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