Williams Companies, Inc. (The) (WMB) Shares Bought by Doyle Wealth Management

Doyle Wealth Management raised its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 543,165 shares of the pipeline company’s stock after buying an additional 11,959 shares during the period. Williams Companies, Inc. (The) comprises about 3.0% of Doyle Wealth Management’s holdings, making the stock its 6th largest position. Doyle Wealth Management owned 0.07% of Williams Companies, Inc. (The) worth $16,447,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of WMB. SeaBridge Investment Advisors LLC purchased a new stake in Williams Companies, Inc. (The) during the first quarter valued at approximately $109,000. Massey Quick & Co. LLC purchased a new stake in Williams Companies, Inc. (The) during the first quarter valued at approximately $121,000. Acrospire Investment Management LLC boosted its stake in Williams Companies, Inc. (The) by 27.0% in the first quarter. Acrospire Investment Management LLC now owns 4,700 shares of the pipeline company’s stock valued at $139,000 after buying an additional 1,000 shares during the period. Parallel Advisors LLC boosted its stake in Williams Companies, Inc. (The) by 124.1% in the first quarter. Parallel Advisors LLC now owns 4,646 shares of the pipeline company’s stock valued at $143,000 after buying an additional 2,573 shares during the period. Finally, CWM LLC boosted its stake in Williams Companies, Inc. (The) by 300.7% in the second quarter. CWM LLC now owns 4,893 shares of the pipeline company’s stock valued at $148,000 after buying an additional 3,672 shares during the period. Hedge funds and other institutional investors own 84.31% of the company’s stock.

Williams Companies, Inc. (NYSE WMB) opened at 30.63 on Thursday. The firm’s 50-day moving average price is $30.68 and its 200-day moving average price is $29.67. The firm has a market cap of $25.31 billion, a P/E ratio of 2042.00 and a beta of 1.38. Williams Companies, Inc. has a 12 month low of $25.52 and a 12 month high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last posted its earnings results 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 return on equity of 3.43% and a net margin of 6.24%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the business earned $0.19 EPS. On average, equities research analysts expect that Williams Companies, Inc. will post $1.05 EPS for the current fiscal year.

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WMB has been the subject of several research reports. Jefferies Group LLC set a $34.00 target price on Williams Companies, Inc. (The) and gave the company a “buy” rating in a research note on Friday, June 16th. BMO Capital Markets set a $32.00 target price on Williams Companies, Inc. (The) and gave the company a “buy” rating in a research note on Thursday, June 15th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $34.00 price objective on shares of Williams Companies, Inc. (The) in a research note on Tuesday, June 6th. Zacks Investment Research raised Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Thursday, July 13th. Finally, BidaskClub raised Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Williams Companies, Inc. (The) currently has a consensus rating of “Buy” and a consensus target price of $34.00.

In other Williams Companies, Inc. (The) news, VP Ted T. Timmermans sold 1,000 shares of Williams Companies, Inc. (The) stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $30.73, for a total transaction of $30,730.00. Following the transaction, the vice president now owns 13,094 shares of the company’s stock, valued at approximately $402,378.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robyn L. Ewing sold 81,561 shares of Williams Companies, Inc. (The) stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $31.14, for a total transaction of $2,539,809.54. Following the transaction, the insider now directly owns 47,003 shares in the company, valued at approximately $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. 0.53% of the stock is owned by company 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.

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

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