Retirement Systems of Alabama increased its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 400,623 shares of the pipeline company’s stock after buying an additional 1,435 shares during the period. Retirement Systems of Alabama’s holdings in Williams Companies, Inc. (The) were worth $12,131,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC bought a new stake in Williams Companies, Inc. (The) during the first quarter valued at $109,000. Massey Quick & Co. LLC bought a new stake in Williams Companies, Inc. (The) during the first quarter valued at $121,000. Parallel Advisors LLC increased its stake in 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. Acrospire Investment Management LLC increased its stake in 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. Finally, CWM LLC increased its stake in 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 stock has a market capitalization of $25.31 billion, a PE ratio of 2042.00 and a beta of 1.38. The stock’s 50 day moving average is $30.68 and its 200 day moving average is $29.67. Williams Companies, Inc. has a 52-week low of $25.52 and a 52-week high of $32.69.

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

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

In related news, VP Ted T. Timmermans sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $30.73, for a total transaction of $30,730.00. Following the completion of the sale, the vice president now directly owns 13,094 shares of the company’s stock, valued at approximately $402,378.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $30.66, for a total transaction of $61,320.00. Following the sale, 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 ninety 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. 0.53% of the stock is currently owned by company insiders.

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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