New Mexico Educational Retirement Board decreased its position in Williams Companies, Inc. (The) (NYSE:WMB) by 8.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,828 shares of the pipeline company’s stock after selling 6,900 shares during the period. New Mexico Educational Retirement Board’s holdings in Williams Companies, Inc. (The) were worth $2,442,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in WMB. SeaBridge Investment Advisors LLC bought a new position in shares of Williams Companies, Inc. (The) during the first quarter worth approximately $109,000. Massey Quick & Co. LLC bought a new position in shares of Williams Companies, Inc. (The) during the first quarter worth approximately $121,000. Parallel Advisors LLC increased its position in shares of Williams Companies, Inc. (The) by 124.1% in the first quarter. Parallel Advisors LLC now owns 4,646 shares of the pipeline company’s stock worth $143,000 after buying an additional 2,573 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of Williams Companies, Inc. (The) by 27.0% in the first quarter. Acrospire Investment Management LLC now owns 4,700 shares of the pipeline company’s stock worth $139,000 after buying an additional 1,000 shares during the last quarter. Finally, CWM LLC increased its position in shares of Williams Companies, Inc. (The) by 300.7% in the second quarter. CWM LLC now owns 4,893 shares of the pipeline company’s stock worth $148,000 after buying an additional 3,672 shares during the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

Shares of Williams Companies, Inc. (NYSE WMB) opened at 30.63 on Thursday. Williams Companies, Inc. has a 52 week low of $25.52 and a 52 week high of $32.69. The stock has a 50 day moving average price of $30.68 and a 200-day moving average price of $29.67. The firm has a market capitalization of $25.31 billion, a PE ratio of 2042.00 and a beta of 1.38.

Williams Companies, Inc. (The) (NYSE:WMB) last issued its earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.06. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Williams Companies, Inc. (The) had a return on equity of 3.43% and a net margin of 6.24%. During the same period last year, the business posted $0.19 earnings per share. Equities analysts anticipate that Williams Companies, Inc. will post $1.05 earnings per share for the current year.

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A number of brokerages recently commented on WMB. Sanford C. Bernstein reiterated an “outperform” rating on shares of Williams Companies, Inc. (The) in a research report on Thursday. BidaskClub downgraded Williams Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Royal Bank Of Canada lifted their target price on Williams Companies, Inc. (The) from $34.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Zacks Investment Research downgraded Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Barclays PLC upgraded Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $33.00 to $36.00 in a research report on Tuesday, July 18th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Williams Companies, Inc. (The) currently has an average rating of “Buy” and an average price target of $34.00.

In other news, Director Stephen W. Bergstrom bought 17,750 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The shares were acquired at an average cost of $28.12 per share, with a total value of $499,130.00. Following the transaction, the director now owns 17,750 shares of the company’s stock, valued at approximately $499,130. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Ted T. Timmermans sold 1,000 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $30.73, for a total value of $30,730.00. Following the completion of the transaction, the vice president now directly owns 13,094 shares in the company, valued at $402,378.62. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 37,750 shares of company stock worth $1,076,480 and sold 94,561 shares worth $2,937,560. Company 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.

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

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