Diversified Trust Co Purchases 346 Shares of Williams Companies, Inc. (The) (WMB)

Diversified Trust Co raised its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 1.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 28,116 shares of the pipeline company’s stock after buying an additional 346 shares during the period. Diversified Trust Co’s holdings in Williams Companies, Inc. (The) were worth $851,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. boosted its stake 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 last quarter. Vanguard Group Inc. boosted its stake 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 last quarter. Clearbridge Investments LLC boosted its stake 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 last quarter. JPMorgan Chase & Co. boosted its stake 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 last quarter. 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 during the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

Williams Companies, Inc. (NYSE:WMB) opened at 30.11 on Tuesday. The firm has a market cap of $24.89 billion, a P/E ratio of 47.49 and a beta of 1.38. The company’s 50-day moving average is $30.84 and its 200 day moving average is $29.71. Williams Companies, Inc. has a 12 month low of $25.67 and a 12 month high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last released its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.06. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.26 billion. Williams Companies, Inc. (The) had a return on equity of 3.43% and a net margin of 6.24%. During the same quarter last year, the firm posted $0.19 earnings per share. Equities research 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 weighed in on WMB. Scotiabank reiterated a “hold” rating and set a $30.00 target price on shares of Williams Companies, Inc. (The) in a research note on Thursday, April 27th. Wells Fargo & Company upgraded shares of Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a research note on Monday, May 8th. Sanford C. Bernstein started coverage on shares of Williams Companies, Inc. (The) in a research note on Tuesday, May 16th. They set an “outperform” rating for the company. Zacks Investment Research lowered shares of Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Jefferies Group LLC set a $34.00 price target on shares of Williams Companies, Inc. (The) and gave the company a “buy” rating in a report on Friday, June 16th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $34.00.

In other news, Director Stephen W. Bergstrom bought 17,750 shares of the stock in a transaction dated Tuesday, June 20th. The shares were bought at an average cost of $28.12 per share, with a total value of $499,130.00. Following the completion of the transaction, the director now directly owns 17,750 shares of the company’s stock, valued at $499,130. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ted T. Timmermans sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $30.66, for a total value of $61,320.00. Following the sale, the vice president now owns 11,094 shares of the company’s stock, valued at approximately $340,142.04. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 37,750 shares of company stock worth $1,076,480. 0.50% of the stock is owned by insiders.

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.