Palisade Asset Management LLC maintained its position in Williams Companies, Inc. (The) (NYSE:WMB) during the second quarter, Holdings Channel reports. The fund owned 13,427 shares of the pipeline company’s stock at the end of the second quarter. Palisade Asset Management LLC’s holdings in Williams Companies, Inc. (The) were worth $407,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SeaBridge Investment Advisors LLC bought a new position in shares of Williams Companies, Inc. (The) during the first quarter valued at about $109,000. Massey Quick & Co. LLC bought a new position in shares of Williams Companies, Inc. (The) during the first quarter valued at about $121,000. Acrospire Investment Management LLC raised 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 valued at $139,000 after buying an additional 1,000 shares during the period. Parallel Advisors LLC raised 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 valued at $143,000 after buying an additional 2,573 shares during the period. Finally, CWM LLC raised 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 valued at $148,000 after buying an additional 3,672 shares during the period. 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. The company has a market capitalization of $25.31 billion, a P/E ratio of 2042.00 and a beta of 1.38. Williams Companies, Inc. has a 1-year low of $25.52 and a 1-year high of $32.69. The firm has a 50-day moving average of $30.68 and a 200 day moving average of $29.67.

Williams Companies, Inc. (The) (NYSE:WMB) last issued its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the business earned $0.19 earnings per share. On average, analysts anticipate that Williams Companies, Inc. will post $1.01 EPS for the current year.

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

In other Williams Companies, Inc. (The) news, CEO Alan S. Armstrong acquired 15,000 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was acquired at an average cost of $28.60 per share, with a total value of $429,000.00. Following the purchase, the chief executive officer now directly owns 345,527 shares of the company’s stock, valued at approximately $9,882,072.20. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Ted T. Timmermans sold 2,000 shares of Williams Companies, Inc. (The) stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $30.66, for a total transaction of $61,320.00. Following the completion of the transaction, the vice president now directly owns 11,094 shares of the company’s stock, valued at $340,142.04. The disclosure for this sale can be found here. Over the last three months, insiders acquired 37,750 shares of company stock valued at $1,076,480 and sold 94,561 shares valued at $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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