State of Tennessee Treasury Department Lowers Holdings in Williams Companies, Inc. (The) (WMB)

State of Tennessee Treasury Department trimmed its position in Williams Companies, Inc. (The) (NYSE:WMB) by 39.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 224,832 shares of the pipeline company’s stock after selling 145,700 shares during the quarter. State of Tennessee Treasury Department’s holdings in Williams Companies, Inc. (The) were worth $6,747,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of WMB. Capital International Investors lifted its holdings in shares of Williams Companies, Inc. (The) by 1,660.2% in the 2nd quarter. Capital International Investors now owns 7,384,300 shares of the pipeline company’s stock worth $223,597,000 after buying an additional 6,964,791 shares during the period. BlackRock Inc. lifted its holdings in shares of Williams Companies, Inc. (The) by 9.9% in the 2nd quarter. BlackRock Inc. now owns 64,872,653 shares of the pipeline company’s stock worth $1,964,347,000 after buying an additional 5,850,607 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Williams Companies, Inc. (The) by 4,652.7% in the 2nd quarter. Janus Henderson Group PLC now owns 4,822,264 shares of the pipeline company’s stock worth $146,019,000 after buying an additional 4,720,801 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Williams Companies, Inc. (The) by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 64,062,726 shares of the pipeline company’s stock worth $1,939,819,000 after buying an additional 2,671,905 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Williams Companies, Inc. (The) by 47.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,174,675 shares of the pipeline company’s stock worth $186,965,000 after buying an additional 1,978,314 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

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A number of equities research analysts recently weighed in on the company. BidaskClub cut Williams Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. Sanford C. Bernstein restated an “outperform” rating on shares of Williams Companies, Inc. (The) in a research note on Thursday, August 10th. Wolfe Research assumed coverage on Williams Companies, Inc. (The) in a research note on Monday, September 25th. They set an “outperform” rating and a $34.00 price objective for the company. Zacks Investment Research cut Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Barclays PLC upgraded Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $33.00 to $36.00 in a research note on Tuesday, July 18th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $34.00.

Shares of Williams Companies, Inc. (NYSE WMB) opened at $28.62 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 1.38. Williams Companies, Inc. has a 12 month low of $27.65 and a 12 month high of $32.69. The company has a market capitalization of $23,661.49, a PE ratio of 48.51, a price-to-earnings-growth ratio of 3.06 and a beta of 1.38.

Williams Companies, Inc. (The) (NYSE:WMB) last released its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Williams Companies, Inc. (The) had a net margin of 5.90% and a return on equity of 3.23%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. equities research analysts predict that Williams Companies, Inc. will post 0.72 EPS for the current year.

In other news, insider Donald R. Chappel sold 272,088 shares of the stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $30.32, for a total value of $8,249,708.16. Following the transaction, the insider now directly owns 60,032 shares of the company’s stock, valued at $1,820,170.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen I. Chazen acquired 5,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was purchased at an average cost of $28.93 per share, for a total transaction of $144,650.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $289,300. The disclosure for this purchase can be found here. Insiders sold 283,501 shares of company stock worth $8,590,124 over the last three months. Corporate insiders own 0.50% of the company’s stock.

Williams Companies, Inc. (The) 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.

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

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