ING Groep NV cut its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 78.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 49,725 shares of the pipeline company’s stock after selling 176,847 shares during the period. ING Groep NV’s holdings in Williams Companies, Inc. (The) were worth $1,506,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of WMB. Kentucky Retirement Systems bought a new position in Williams Companies, Inc. (The) during the fourth quarter valued at about $1,544,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Williams Companies, Inc. (The) during the fourth quarter valued at about $689,000. Searle & CO. bought a new position in Williams Companies, Inc. (The) during the fourth quarter valued at about $259,000. Chevy Chase Trust Holdings Inc. boosted its position in Williams Companies, Inc. (The) by 24.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 711,910 shares of the pipeline company’s stock valued at $21,065,000 after buying an additional 140,422 shares during the period. Finally, Trust Co boosted its position in Williams Companies, Inc. (The) by 0.5% in the fourth quarter. Trust Co now owns 41,650 shares of the pipeline company’s stock valued at $1,297,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 84.51% of the company’s stock.
Williams Companies, Inc. (NYSE:WMB) traded down 0.766% during mid-day trading on Monday, reaching $31.745. 915,564 shares of the company traded hands. The stock’s 50-day moving average price is $30.19 and its 200-day moving average price is $29.51. The firm has a market cap of $26.23 billion, a PE ratio of 2116.333 and a beta of 1.38. Williams Companies, Inc. has a one year low of $22.39 and a one year high of $32.69.
Williams Companies, Inc. (The) (NYSE:WMB) last issued its quarterly earnings results on Wednesday, May 3rd. The pipeline company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by $0.06. Williams Companies, Inc. (The) had a return on equity of 3.74% and a net margin of 0.18%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the firm earned $0.03 EPS. Analysts forecast that Williams Companies, Inc. will post $1.02 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Williams Companies, Inc. (The) (NYSE:WMB) Position Lowered by ING Groep NV” was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://stocknewstimes.com/2017/07/31/williams-companies-inc-the-nysewmb-position-lowered-by-ing-groep-nv.html.
Several research analysts have recently issued reports on WMB shares. Zacks Investment Research upgraded shares of Williams Companies, Inc. (The) from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 4th. Citigroup Inc. upgraded shares of Williams Companies, Inc. (The) from a “neutral” rating to a “buy” rating and increased their price objective for the company from $32.00 to $36.00 in a report on Friday, April 7th. Scotiabank reiterated a “hold” rating and issued a $30.00 price objective on shares of Williams Companies, Inc. (The) in a report on Thursday, April 27th. BMO Capital Markets reiterated a “buy” rating and issued a $32.00 price objective on shares of Williams Companies, Inc. (The) in a report on Wednesday, May 3rd. 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 8th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $33.07.
In other Williams Companies, Inc. (The) news, Director Charles I. Cogut purchased 1,000 shares of the stock in a transaction dated Wednesday, May 10th. The stock was bought at an average price of $30.63 per share, for a total transaction of $30,630.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at $30,630. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alan S. Armstrong purchased 15,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were acquired at an average price of $28.60 per share, with a total value of $429,000.00. Following the transaction, the chief executive officer now owns 345,527 shares in the company, valued at $9,882,072.20. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 38,750 shares of company stock valued at $1,107,110 and have sold 92,561 shares valued at $2,876,240. 0.50% of the stock is 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.
Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies, Inc. (The) (NYSE:WMB).
Receive News & Ratings for Williams Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.
