Williams Companies Inc (WMB) Shares Sold by MAI Capital Management

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MAI Capital Management reduced its position in shares of Williams Companies Inc (NYSE:WMB) by 46.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,462 shares of the pipeline company’s stock after selling 100,621 shares during the period. MAI Capital Management’s holdings in Williams Companies were worth $2,524,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMB. Vanguard Group Inc boosted its position in shares of Williams Companies by 47.6% during the third quarter. Vanguard Group Inc now owns 93,159,173 shares of the pipeline company’s stock worth $2,532,998,000 after buying an additional 30,031,200 shares during the period. Vanguard Group Inc. boosted its position in shares of Williams Companies by 47.6% during the third quarter. Vanguard Group Inc. now owns 93,159,173 shares of the pipeline company’s stock worth $2,532,998,000 after buying an additional 30,031,200 shares during the period. Tortoise Capital Advisors L.L.C. boosted its position in shares of Williams Companies by 149.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 41,886,657 shares of the pipeline company’s stock worth $1,138,898,000 after buying an additional 25,063,078 shares during the period. Kayne Anderson Capital Advisors LP boosted its position in shares of Williams Companies by 270.4% during the third quarter. Kayne Anderson Capital Advisors LP now owns 21,013,475 shares of the pipeline company’s stock worth $571,344,000 after buying an additional 15,340,711 shares during the period. Finally, Brookfield Asset Management Inc. boosted its position in shares of Williams Companies by 252.8% during the third quarter. Brookfield Asset Management Inc. now owns 16,146,678 shares of the pipeline company’s stock worth $439,028,000 after buying an additional 11,570,105 shares during the period. Institutional investors and hedge funds own 87.39% of the company’s stock.

WMB has been the subject of several research analyst reports. Zacks Investment Research restated a “buy” rating and set a $29.00 price target on shares of Williams Companies in a research report on Saturday, November 17th. Mizuho initiated coverage on Williams Companies in a report on Wednesday, November 28th. They issued a “buy” rating and a $32.00 target price for the company. Barclays upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a report on Wednesday, January 16th. Credit Suisse Group initiated coverage on Williams Companies in a report on Thursday, October 11th. They issued an “outperform” rating and a $35.00 target price for the company. Finally, Goldman Sachs Group initiated coverage on Williams Companies in a report on Monday, October 8th. They issued a “neutral” rating and a $26.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $32.27.

NYSE:WMB traded down $0.04 during midday trading on Thursday, reaching $26.98. The company had a trading volume of 94,042 shares, compared to its average volume of 8,875,905. The firm has a market cap of $32.30 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 4.36 and a beta of 1.50. Williams Companies Inc has a 12-month low of $20.36 and a 12-month high of $32.22. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.27.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.16 billion. Williams Companies had a return on equity of 4.44% and a net margin of 24.15%. During the same period in the previous year, the business earned $0.04 EPS. Equities analysts forecast that Williams Companies Inc will post 0.75 EPS for the current year.

In other Williams Companies news, insider Chad J. Zamarin purchased 2,500 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was bought at an average cost of $25.69 per share, with a total value of $64,225.00. Following the acquisition, the insider now directly owns 28,970 shares of the company’s stock, valued at $744,239.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathleen B. Cooper sold 9,760 shares of Williams Companies stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $25.60, for a total value of $249,856.00. Following the sale, the director now directly owns 41,887 shares of the company’s stock, valued at $1,072,307.20. The disclosure for this sale can be found here. Insiders have acquired a total of 38,500 shares of company stock valued at $993,625 over the last ninety days. 0.50% of the stock is owned by company insiders.

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Williams Companies Profile

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.

Read More: Book Value Per Share – BVPS

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

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