Palisade Capital Management LLC NJ cut its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 5.7% during the second quarter, Holdings Channel reports. The institutional investor owned 16,500 shares of the pipeline company’s stock after selling 1,000 shares during the period. Palisade Capital Management LLC NJ’s holdings in Williams Companies, Inc. (The) were worth $500,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in WMB. Sheaff Brock Investment Advisors LLC increased its position in shares of Williams Companies, Inc. (The) by 0.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 8,448 shares of the pipeline company’s stock worth $250,000 after buying an additional 41 shares in the last quarter. Catawba Capital Management VA increased its position in shares of Williams Companies, Inc. (The) by 0.6% in the second quarter. Catawba Capital Management VA now owns 7,035 shares of the pipeline company’s stock worth $213,000 after buying an additional 45 shares in the last quarter. Johnson Financial Group LLC increased its position in shares of Williams Companies, Inc. (The) by 0.6% in the second quarter. Johnson Financial Group LLC now owns 7,068 shares of the pipeline company’s stock worth $214,000 after buying an additional 45 shares in the last quarter. Focused Wealth Management Inc increased its position in shares of Williams Companies, Inc. (The) by 1.8% in the first quarter. Focused Wealth Management Inc now owns 5,700 shares of the pipeline company’s stock worth $169,000 after buying an additional 100 shares in the last quarter. Finally, Financial Architects Inc increased its position in shares of Williams Companies, Inc. (The) by 1.6% in the second quarter. Financial Architects Inc now owns 6,754 shares of the pipeline company’s stock worth $204,000 after buying an additional 109 shares in the last quarter. Institutional investors and hedge funds own 84.31% of the company’s stock.

Shares of Williams Companies, Inc. (NYSE WMB) opened at 30.63 on Thursday. The firm has a market capitalization of $25.31 billion, a PE ratio of 2042.00 and a beta of 1.38. Williams Companies, Inc. has a 1-year low of $25.52 and a 1-year high of $32.69. The firm’s 50 day moving average is $30.68 and its 200 day moving average is $29.67.

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

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A number of equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of Williams Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Sanford C. Bernstein reiterated an “outperform” rating on shares of Williams Companies, Inc. (The) in a report on Thursday. 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 for the company in a report on Thursday, July 13th. Barclays PLC reiterated a “hold” rating and issued a $33.00 price target on shares of Williams Companies, Inc. (The) in a report on Tuesday, May 16th. Finally, Wells Fargo & Company upgraded shares of Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a report on Monday, May 15th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Williams Companies, Inc. (The) presently has an average rating of “Buy” and an average price target of $34.00.

In other Williams Companies, Inc. (The) news, insider Robyn L. Ewing sold 81,561 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $31.14, for a total transaction of $2,539,809.54. Following the sale, the insider now owns 47,003 shares in the company, valued at approximately $1,463,673.42. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Ted T. Timmermans sold 1,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $30.73, for a total value of $30,730.00. Following the sale, the vice president now owns 13,094 shares in the company, valued at approximately $402,378.62. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 37,750 shares of company stock worth $1,076,480 and have sold 94,561 shares worth $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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