Hartford Financial Management Inc. lowered its position in Williams Companies Inc (NYSE:WMB) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,892 shares of the pipeline company’s stock after selling 739 shares during the quarter. Hartford Financial Management Inc.’s holdings in Williams Companies were worth $1,119,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in Williams Companies by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,166,384 shares of the pipeline company’s stock worth $91,836,000 after buying an additional 205,510 shares during the last quarter. Geode Capital Management LLC increased its position in Williams Companies by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 15,722,127 shares of the pipeline company’s stock worth $346,152,000 after buying an additional 1,124,517 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Williams Companies during the first quarter worth approximately $570,000. Louisiana State Employees Retirement System increased its position in Williams Companies by 0.6% during the first quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the pipeline company’s stock worth $1,835,000 after buying an additional 400 shares during the last quarter. Finally, Retirement Systems of Alabama increased its position in Williams Companies by 1.1% during the first quarter. Retirement Systems of Alabama now owns 563,884 shares of the pipeline company’s stock worth $16,195,000 after buying an additional 6,318 shares during the last quarter. Institutional investors own 88.23% of the company’s stock.
A number of brokerages have weighed in on WMB. Raymond James raised Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Wednesday, June 26th. They noted that the move was a valuation call. Stifel Nicolaus lowered their price target on Williams Companies from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Credit Suisse Group lowered their price target on Williams Companies from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Barclays reissued a “buy” rating and set a $32.00 price target on shares of Williams Companies in a research report on Thursday, July 18th. Finally, ValuEngine raised Williams Companies from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Williams Companies has a consensus rating of “Buy” and a consensus price target of $30.36.
Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.13 billion. Williams Companies had a return on equity of 6.46% and a net margin of 0.73%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 earnings per share. Sell-side analysts predict that Williams Companies Inc will post 0.96 EPS for the current fiscal year.
In other news, SVP Terrance Lane Wilson purchased 4,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $23.60 per share, for a total transaction of $94,400.00. Following the purchase, the senior vice president now owns 43,726 shares of the company’s stock, valued at $1,031,933.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John D. Chandler purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average price of $23.24 per share, with a total value of $232,400.00. Following the completion of the purchase, the insider now directly owns 63,052 shares in the company, valued at approximately $1,465,328.48. The disclosure for this purchase can be found here. Insiders have purchased 34,000 shares of company stock worth $839,400 in the last three months. 0.26% of the stock is currently owned by company insiders.
Williams Companies Company Profile
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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