Pointe Capital Management LLC purchased a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 33,595 shares of the pipeline company’s stock, valued at approximately $1,017,000.

A number of other institutional investors also recently made changes to their positions in WMB. SeaBridge Investment Advisors LLC bought a new position in shares of Williams Companies, Inc. (The) during the first quarter valued at approximately $109,000. Massey Quick & Co. LLC bought a new position in shares of Williams Companies, Inc. (The) during the first quarter valued at approximately $121,000. Acrospire Investment Management LLC raised its position in shares of 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 raised its position in shares of 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 raised its position in shares of 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 30.63 on Thursday. Williams Companies, Inc. has a 12-month low of $25.52 and a 12-month high of $32.69. The stock has a 50 day moving average price of $30.68 and a 200 day moving average price of $29.67. The firm has a market capitalization of $25.31 billion, a P/E ratio of 2042.00 and a beta of 1.38.

Williams Companies, Inc. (The) (NYSE:WMB) last issued its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the firm posted $0.19 earnings per share. Equities analysts anticipate that Williams Companies, Inc. will post $1.01 earnings per share for the current fiscal year.

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WMB has been the topic of several recent analyst reports. Jefferies Group LLC set a $34.00 price target 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 target 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 reiterated a “buy” rating and issued a $34.00 price target 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 target on the stock 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 analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Williams Companies, Inc. (The) has a consensus rating of “Buy” and an average target price of $34.00.

In other news, CEO Alan S. Armstrong purchased 15,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was acquired at an average cost of $28.60 per share, for a total transaction of $429,000.00. Following the acquisition, the chief executive officer now owns 345,527 shares of the company’s stock, valued at $9,882,072.20. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Robyn L. Ewing sold 81,561 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $31.14, for a total value of $2,539,809.54. Following the completion of the sale, the insider now 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 quarter, insiders bought 37,750 shares of company stock valued at $1,076,480 and sold 94,561 shares valued at $2,937,560. 0.53% of the stock is currently owned by insiders.

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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