Williams Companies Inc (WMB) Position Raised by Wedbush Securities Inc.

Wedbush Securities Inc. increased its holdings in Williams Companies Inc (NYSE:WMB) by 52.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 15,942 shares of the pipeline company’s stock after acquiring an additional 5,500 shares during the quarter. Wedbush Securities Inc.’s holdings in Williams Companies were worth $432,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Quantbot Technologies LP increased its stake in Williams Companies by 204.8% in the first quarter. Quantbot Technologies LP now owns 134,183 shares of the pipeline company’s stock valued at $3,335,000 after acquiring an additional 90,162 shares during the last quarter. Patriot Wealth Management Inc. increased its stake in Williams Companies by 2.4% in the second quarter. Patriot Wealth Management Inc. now owns 290,162 shares of the pipeline company’s stock valued at $7,866,000 after acquiring an additional 6,679 shares during the last quarter. Intact Investment Management Inc. increased its stake in Williams Companies by 7.7% in the second quarter. Intact Investment Management Inc. now owns 128,400 shares of the pipeline company’s stock valued at $3,480,000 after acquiring an additional 9,200 shares during the last quarter. Rothschild Investment Corp IL increased its stake in Williams Companies by 42.0% in the second quarter. Rothschild Investment Corp IL now owns 15,155 shares of the pipeline company’s stock valued at $411,000 after acquiring an additional 4,480 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Williams Companies in the first quarter valued at $945,000. Institutional investors own 86.40% of the company’s stock.

In related news, Director Stephen I. Chazen acquired 4,000 shares of Williams Companies stock in a transaction dated Friday, May 25th. The shares were purchased at an average cost of $26.71 per share, with a total value of $106,840.00. Following the completion of the purchase, the director now owns 29,610 shares of the company’s stock, valued at $790,883.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Ted T. Timmermans sold 12,392 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $28.08, for a total value of $347,967.36. Following the transaction, the vice president now directly owns 27,347 shares in the company, valued at $767,903.76. The disclosure for this sale can be found here. Insiders have sold 33,759 shares of company stock worth $1,030,952 over the last ninety days. Insiders own 0.53% of the company’s stock.

A number of research analysts recently commented on the company. Stifel Nicolaus assumed coverage on Williams Companies in a research note on Tuesday, August 7th. They issued a “buy” rating and a $35.00 target price on the stock. ValuEngine raised Williams Companies from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 2nd. Scotiabank raised Williams Companies from a “sector perform” rating to a “buy” rating in a research note on Friday, May 18th. Barclays reduced their target price on Williams Companies from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 17th. Finally, Zacks Investment Research cut Williams Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 23rd. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $33.46.

Shares of Williams Companies opened at $31.79 on Friday, MarketBeat.com reports. Williams Companies Inc has a 12-month low of $24.00 and a 12-month high of $33.67. The stock has a market cap of $26.32 billion, a PE ratio of 44.78 and a beta of 1.43. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.38.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, August 1st. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). Williams Companies had a net margin of 24.19% and a return on equity of 3.82%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the business posted $0.13 earnings per share. analysts anticipate that Williams Companies Inc will post 0.78 EPS for the current year.

About Williams Companies

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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