Financial Architects Inc increased its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,754 shares of the pipeline company’s stock after buying an additional 109 shares during the period. Financial Architects Inc’s holdings in Williams Companies, Inc. (The) were worth $204,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in WMB. BlackRock Inc. increased its position in shares of Williams Companies, Inc. (The) by 2,942.5% in the first quarter. BlackRock Inc. now owns 59,022,046 shares of the pipeline company’s stock worth $1,746,463,000 after buying an additional 57,082,116 shares during the period. Vanguard Group Inc. increased its position in shares of Williams Companies, Inc. (The) by 21.7% in the first quarter. Vanguard Group Inc. now owns 61,390,821 shares of the pipeline company’s stock worth $1,816,554,000 after buying an additional 10,933,027 shares during the period. Clearbridge Investments LLC increased its position in shares of Williams Companies, Inc. (The) by 38,673.4% in the first quarter. Clearbridge Investments LLC now owns 7,754,674 shares of the pipeline company’s stock worth $229,461,000 after buying an additional 7,734,674 shares during the period. JPMorgan Chase & Co. increased its position in shares of Williams Companies, Inc. (The) by 273.9% in the first quarter. JPMorgan Chase & Co. now owns 10,125,511 shares of the pipeline company’s stock worth $299,614,000 after buying an additional 7,417,774 shares during the period. Finally, Janus Capital Management LLC boosted its stake in shares of Williams Companies, Inc. (The) by 341.1% in the first quarter. Janus Capital Management LLC now owns 7,007,756 shares of the pipeline company’s stock worth $207,359,000 after buying an additional 5,418,945 shares in the last quarter. 84.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of Williams Companies, Inc. (NYSE WMB) traded up 0.10% during midday trading on Friday, hitting $30.08. 2,391,786 shares of the stock traded hands. Williams Companies, Inc. has a 52 week low of $25.67 and a 52 week high of $32.69. The company’s 50-day moving average is $30.80 and its 200 day moving average is $29.68. The firm has a market capitalization of $24.87 billion, a PE ratio of 47.44 and a beta of 1.38.
Williams Companies, Inc. (The) (NYSE:WMB) last released its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the business earned $0.19 EPS. Analysts anticipate that Williams Companies, Inc. will post $1.01 earnings per share for the current year.
A number of equities research analysts have recently issued reports on the company. BidaskClub upgraded Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Wells Fargo & Company upgraded Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a research note on Monday, May 15th. Royal Bank Of Canada boosted their price target on Williams Companies, Inc. (The) from $34.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Scotiabank restated a “hold” rating and set a $30.00 price objective on shares of Williams Companies, Inc. (The) in a research report on Thursday, April 27th. Finally, Zacks Investment Research downgraded shares of Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Four equities research 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) currently has an average rating of “Buy” and a consensus price target of $34.00.
In other news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $30.66, for a total value of $61,320.00. Following the completion of the sale, the vice president now owns 11,094 shares in the company, valued at approximately $340,142.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alan S. Armstrong bought 15,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was purchased at an average price of $28.60 per share, with a total value of $429,000.00. Following the acquisition, the chief executive officer now directly owns 345,527 shares in the company, valued at approximately $9,882,072.20. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 37,750 shares of company stock valued at $1,076,480 and sold 94,561 shares valued at $2,937,560. 0.53% of the stock is currently 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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