Armstrong Shaw Associates Inc. CT cut its position in Williams Companies, Inc. (The) (NYSE:WMB) by 37.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 341,851 shares of the pipeline company’s stock after selling 200,685 shares during the period. Williams Companies, Inc. (The) comprises approximately 3.9% of Armstrong Shaw Associates Inc. CT’s portfolio, making the stock its 7th largest position. Armstrong Shaw Associates Inc. CT’s holdings in Williams Companies, Inc. (The) were worth $10,351,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Williams Companies, Inc. (The) by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,345,799 shares of the pipeline company’s stock worth $41,908,000 after buying an additional 52,213 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Williams Companies, Inc. (The) by 5.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 23,490 shares of the pipeline company’s stock worth $731,000 after buying an additional 1,220 shares in the last quarter. Wealthfront Inc. increased its position in shares of Williams Companies, Inc. (The) by 6.2% in the fourth quarter. Wealthfront Inc. now owns 17,837 shares of the pipeline company’s stock worth $555,000 after buying an additional 1,045 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Williams Companies, Inc. (The) by 70.7% in the fourth quarter. Teachers Advisors LLC now owns 4,341,860 shares of the pipeline company’s stock worth $135,206,000 after buying an additional 1,797,702 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new position in shares of Williams Companies, Inc. (The) during the fourth quarter worth about $1,544,000. Institutional investors own 84.31% of the company’s stock.
Shares of Williams Companies, Inc. (WMB) traded down 0.371% during trading on Monday, hitting $30.865. 1,216,037 shares of the stock were exchanged. Williams Companies, Inc. has a 12-month low of $24.62 and a 12-month high of $32.69. The company has a market cap of $25.50 billion, a price-to-earnings ratio of 2057.667 and a beta of 1.38. The firm has a 50 day moving average of $30.32 and a 200-day moving average of $29.57.
Williams Companies, Inc. (The) (NYSE:WMB) last posted its earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.06. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.26 billion. Williams Companies, Inc. (The) had a net margin of 6.24% and a return on equity of 3.43%. During the same quarter in the previous year, the business posted $0.19 earnings per share. On average, analysts forecast that Williams Companies, Inc. will post $1.05 earnings per share for the current year.
WARNING: “Armstrong Shaw Associates Inc. CT Reduces Position in Williams Companies, Inc. (The) (WMB)” was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://stocknewstimes.com/2017/08/07/armstrong-shaw-associates-inc-ct-sells-200685-shares-of-williams-companies-inc-the-wmb-updated-updated.html.
A number of research analysts recently issued reports on WMB shares. Scotiabank reiterated a “hold” rating and issued a $30.00 price target on shares of Williams Companies, Inc. (The) in a research note on Thursday, April 27th. BMO Capital Markets restated a “buy” rating and set a $32.00 price objective on shares of Williams Companies, Inc. (The) in a research report on Wednesday, May 3rd. 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. Sanford C. Bernstein began coverage on shares of Williams Companies, Inc. (The) in a research report on Tuesday, May 16th. They set an “outperform” rating for the company. Finally, Barclays PLC restated a “hold” rating and set a $33.00 price objective on shares of Williams Companies, Inc. (The) in a research report on Tuesday, May 16th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Williams Companies, Inc. (The) currently has an average rating of “Buy” and an average price target of $34.00.
In related news, CEO Alan S. Armstrong bought 15,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were bought at an average cost of $28.60 per share, for a total transaction of $429,000.00. Following the completion of the purchase, the chief executive officer now owns 345,527 shares of the company’s stock, valued at approximately $9,882,072.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen W. Bergstrom bought 17,750 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was bought at an average price of $28.12 per share, for a total transaction of $499,130.00. Following the completion of the purchase, the director now directly owns 17,750 shares of the company’s stock, valued at approximately $499,130. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 38,750 shares of company stock worth $1,107,110 and sold 92,561 shares worth $2,876,240. Company insiders own 0.50% of the company’s stock.
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.
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.
