Arizona State Retirement System increased its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 204,937 shares of the pipeline company’s stock after buying an additional 500 shares during the period. Arizona State Retirement System’s holdings in Williams Companies, Inc. (The) were worth $6,205,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Trust N.A. boosted 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 during the period. Exxonmobil Investment Management Inc. TX boosted 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. Capstone Asset Management Co. boosted 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. Viking Fund Management LLC boosted its stake in shares of Williams Companies, Inc. (The) by 34.3% in the first quarter. Viking Fund Management LLC now owns 671,600 shares of the pipeline company’s stock worth $19,872,000 after buying an additional 171,600 shares during the period. Finally, Doyle Wealth Management acquired a new stake in shares of Williams Companies, Inc. (The) during the first quarter worth approximately $15,718,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

Williams Companies, Inc. (WMB) opened at 30.08 on Friday. The stock has a market cap of $24.87 billion, a price-to-earnings ratio of 47.44 and a beta of 1.38. The stock has a 50 day moving average price of $30.80 and a 200 day moving average price of $29.68. Williams Companies, Inc. has a 52-week low of $25.67 and a 52-week high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last issued its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the business earned $0.19 EPS. Analysts expect that Williams Companies, Inc. will post $1.01 EPS for the current fiscal year.

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A number of brokerages have recently commented on WMB. BidaskClub upgraded shares of Williams Companies, Inc. (The) from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Zacks Investment Research cut shares of Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Scotiabank set a $30.00 target price on shares of Williams Companies, Inc. (The) and gave the company a “hold” rating in a report on Saturday, July 22nd. Barclays PLC upgraded shares of Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $33.00 to $36.00 in a report on Tuesday, July 18th. Finally, Royal Bank Of Canada boosted their target price on shares of Williams Companies, Inc. (The) from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Four equities research 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 company’s stock. Williams Companies, Inc. (The) presently has an average rating of “Buy” and a consensus price target of $34.00.

In related news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $30.66, for a total transaction of $61,320.00. Following the sale, the vice president now owns 11,094 shares of the company’s stock, valued at $340,142.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Ted T. Timmermans sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $30.73, for a total value of $30,730.00. Following the sale, the vice president now directly 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 ninety days, insiders have purchased 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 owned by company 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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