440 Investment Group LLC maintained its stake in Williams Companies, Inc. (The) (NYSE:WMB) during the second quarter, Holdings Channel reports. The firm owned 10,707 shares of the pipeline company’s stock at the end of the second quarter. 440 Investment Group LLC’s holdings in Williams Companies, Inc. (The) were worth $324,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Raymond James Trust N.A. raised its stake in Williams Companies, Inc. (The) by 71.2% in the first quarter. Raymond James Trust N.A. now owns 12,526 shares of the pipeline company’s stock valued at $371,000 after buying an additional 5,210 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in shares of Williams Companies, Inc. (The) by 16.0% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 183,387 shares of the pipeline company’s stock worth $5,426,000 after buying an additional 25,235 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of Williams Companies, Inc. (The) by 15.6% in the first quarter. Gulf International Bank UK Ltd now owns 252,958 shares of the pipeline company’s stock worth $7,485,000 after buying an additional 34,071 shares during the period. Capstone Asset Management Co. raised its stake in shares of Williams Companies, Inc. (The) by 9.1% in the first quarter. Capstone Asset Management Co. now owns 55,141 shares of the pipeline company’s stock worth $1,632,000 after buying an additional 4,600 shares during the period. Finally, Visionary Asset Management Inc. raised its stake in shares of Williams Companies, Inc. (The) by 4.0% in the first quarter. Visionary Asset Management Inc. now owns 116,414 shares of the pipeline company’s stock worth $3,445,000 after buying an additional 4,526 shares during the period. Institutional investors and hedge funds own 84.31% of the company’s stock.

Shares of Williams Companies, Inc. (NYSE:WMB) opened at 30.08 on Friday. Williams Companies, Inc. has a 1-year low of $25.67 and a 1-year high of $32.69. The stock has a market cap of $24.87 billion, a P/E ratio of 47.44 and a beta of 1.38. The company’s 50-day moving average is $30.80 and its 200 day moving average is $29.68.

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 firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $0.19 earnings per share. Equities research analysts anticipate that Williams Companies, Inc. will post $1.01 EPS for the current year.

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A number of analysts recently issued reports on WMB shares. BidaskClub upgraded shares of Williams Companies, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Wells Fargo & Company upgraded shares of Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a research report on Monday, May 8th. Scotiabank set a $30.00 target price on shares of Williams Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Saturday, July 22nd. Zacks Investment Research lowered shares of Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, BMO Capital Markets set a $32.00 target price on shares of Williams Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Thursday, June 15th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Williams Companies, Inc. (The) currently has an average rating of “Buy” and a consensus target price of $34.00.

In related news, CEO Alan S. Armstrong bought 15,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average cost of $28.60 per share, for a total transaction of $429,000.00. Following the purchase, the chief executive officer now directly owns 345,527 shares in the company, valued at $9,882,072.20. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Robyn L. Ewing sold 81,561 shares of the company’s stock in a transaction on 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 transaction, 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 ninety days, insiders have purchased 37,750 shares of company stock valued at $1,076,480 and have sold 94,561 shares valued at $2,937,560. 0.53% of the stock is currently owned by corporate insiders.

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.

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

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