Maple Brown Abbott Ltd bought a new position in Williams Companies, Inc. (The) (NYSE:WMB) during the second quarter, Holdings Channel reports. The institutional investor bought 239,900 shares of the pipeline company’s stock, valued at approximately $7,264,000. Williams Companies, Inc. (The) comprises 0.7% of Maple Brown Abbott Ltd’s holdings, making the stock its 19th largest position.

A number of other large investors also recently added to or reduced their stakes in WMB. RidgeWorth Capital Management LLC increased its stake in Williams Companies, Inc. (The) by 5.1% in the first quarter. RidgeWorth Capital Management LLC now owns 2,027,950 shares of the pipeline company’s stock worth $60,007,000 after buying an additional 99,275 shares during the last quarter. Miller Howard Investments Inc. NY increased its stake in Williams Companies, Inc. (The) by 693.8% in the first quarter. Miller Howard Investments Inc. NY now owns 2,530,635 shares of the pipeline company’s stock worth $74,881,000 after buying an additional 2,211,840 shares during the last quarter. King Street Capital Management L.P. increased its stake in Williams Companies, Inc. (The) by 33.3% in the first quarter. King Street Capital Management L.P. now owns 2,000,000 shares of the pipeline company’s stock worth $59,180,000 after buying an additional 500,000 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Williams Companies, Inc. (The) by 4.0% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,036,416 shares of the pipeline company’s stock worth $30,701,000 after buying an additional 39,520 shares during the last quarter. Finally, CAPROCK Group Inc. bought a new stake in Williams Companies, Inc. (The) during the first quarter worth about $809,000. Institutional investors own 84.31% of the company’s stock.

Williams Companies, Inc. (NYSE WMB) opened at 30.63 on Thursday. Williams Companies, Inc. has a one year low of $25.52 and a one year high of $32.69. The company has a 50-day moving average of $30.68 and a 200 day moving average of $29.67. The company has a market cap of $25.32 billion, a P/E ratio of 48.31 and a beta of 1.38.

Williams Companies, Inc. (The) (NYSE:WMB) last announced 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 business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the company posted $0.19 EPS. Equities research analysts predict that Williams Companies, Inc. will post $1.01 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Maple Brown Abbott Ltd Buys New Stake in Williams Companies, Inc. (The) (NYSE:WMB)” was posted by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.watchlistnews.com/maple-brown-abbott-ltd-buys-new-stake-in-williams-companies-inc-the-nysewmb/1470345.html.

WMB has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Williams Companies, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Wells Fargo & Company upgraded shares of Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a research report on Monday, May 8th. Scotiabank set a $30.00 target price on shares of Williams Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Saturday, July 22nd. BMO Capital Markets set a $32.00 target price on shares of Williams Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Thursday, June 15th. Finally, Zacks Investment Research downgraded shares of Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $34.00.

In other news, Director Stephen W. Bergstrom purchased 17,750 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were purchased at an average cost of $28.12 per share, with a total value of $499,130.00. Following the completion of the transaction, the director now owns 17,750 shares of the company’s stock, valued at approximately $499,130. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Alan S. Armstrong purchased 15,000 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were purchased at an average cost of $28.60 per share, for a total transaction of $429,000.00. Following the completion of the transaction, the chief executive officer now directly owns 345,527 shares of the company’s stock, valued at approximately $9,882,072.20. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 37,750 shares of company stock valued at $1,076,480 and have sold 94,561 shares valued at $2,937,560. Corporate insiders own 0.53% of the company’s stock.

About Williams Companies, Inc. (The)

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.

Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies, Inc. (The) (NYSE:WMB).

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

Receive News & Ratings for Williams Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies Inc. (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.