Adams Natural Resources Fund Inc. Has $13,341,000 Position in Williams Companies, Inc. (The) (NYSE:WMB)

Adams Natural Resources Fund Inc. held its position in Williams Companies, Inc. (The) (NYSE:WMB) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 440,600 shares of the pipeline company’s stock at the end of the second quarter. Williams Companies, Inc. (The) comprises 2.2% of Adams Natural Resources Fund Inc.’s holdings, making the stock its 13th largest position. Adams Natural Resources Fund Inc. owned 0.05% of Williams Companies, Inc. (The) worth $13,341,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WMB. RidgeWorth Capital Management LLC increased its position in Williams Companies, Inc. (The) by 5.1% in the first quarter. RidgeWorth Capital Management LLC now owns 2,027,950 shares of the pipeline company’s stock valued at $60,007,000 after buying an additional 99,275 shares during the period. Thrivent Financial for Lutherans increased its position in 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 valued at $731,000 after buying an additional 1,220 shares during the period. Miller Howard Investments Inc. NY increased its position in Williams Companies, Inc. (The) by 693.8% in the first quarter. Miller Howard Investments Inc. NY now owns 2,530,635 shares of the pipeline company’s stock valued at $74,881,000 after buying an additional 2,211,840 shares during the period. King Street Capital Management L.P. increased its position in Williams Companies, Inc. (The) by 33.3% in the first quarter. King Street Capital Management L.P. now owns 2,000,000 shares of the pipeline company’s stock valued at $59,180,000 after buying an additional 500,000 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Williams Companies, Inc. (The) by 4.0% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,036,416 shares of the pipeline company’s stock valued at $30,701,000 after buying an additional 39,520 shares during the period. Institutional investors and hedge funds own 84.31% of the company’s stock.

Williams Companies, Inc. (WMB) traded up 0.10% during midday trading on Friday, reaching $30.08. The company’s stock had a trading volume of 2,391,786 shares. The stock has a market capitalization of $24.87 billion, a PE ratio of 47.44 and a beta of 1.38. The firm’s 50-day moving average price is $30.80 and its 200-day moving average price is $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 results 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 return on equity of 3.43% and a net margin of 6.24%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the company earned $0.19 EPS. On average, analysts anticipate that Williams Companies, Inc. will post $1.01 earnings per share for the current year.

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Several equities analysts have recently weighed in on WMB shares. BidaskClub upgraded 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 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 price objective on Williams Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Saturday, July 22nd. Zacks Investment Research downgraded 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 price objective on 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 assigned a buy rating and one has given a strong buy rating to the company. Williams Companies, Inc. (The) presently has a consensus rating of “Buy” and an average price target of $34.00.

In other Williams Companies, Inc. (The) news, Director Stephen W. Bergstrom purchased 17,750 shares of Williams Companies, Inc. (The) stock in a transaction on Tuesday, June 20th. The shares were bought at an average price of $28.12 per share, with a total value of $499,130.00. Following the purchase, the director now directly owns 17,750 shares in the company, valued at approximately $499,130. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robyn L. Ewing sold 81,561 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $31.14, for a total value of $2,539,809.54. Following the completion of the transaction, the insider now directly owns 47,003 shares in the company, valued at $1,463,673.42. The disclosure for this sale can be found here. In the last three months, insiders have acquired 37,750 shares of company stock worth $1,076,480 and have sold 94,561 shares worth $2,937,560. Corporate insiders own 0.53% 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.

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

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