Daiwa Securities Group Inc. increased its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 4.0% during the second quarter, Holdings Channel reports. The firm owned 23,500 shares of the pipeline company’s stock after buying an additional 900 shares during the period. Daiwa Securities Group Inc.’s holdings in Williams Companies, Inc. (The) were worth $712,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. SeaBridge Investment Advisors LLC bought a new stake in Williams Companies, Inc. (The) during the first quarter valued at approximately $109,000. Reliance Trust Co. of Delaware bought a new stake in Williams Companies, Inc. (The) during the first quarter valued at approximately $318,000. Regent Investment Management LLC boosted its stake in Williams Companies, Inc. (The) by 165.8% in the first quarter. Regent Investment Management LLC now owns 71,525 shares of the pipeline company’s stock valued at $2,116,000 after buying an additional 44,615 shares during the period. Louisiana State Employees Retirement System boosted its stake in Williams Companies, Inc. (The) by 18.1% in the first quarter. Louisiana State Employees Retirement System now owns 50,800 shares of the pipeline company’s stock valued at $1,503,000 after buying an additional 7,800 shares during the period. Finally, Doyle Wealth Management bought a new stake in Williams Companies, Inc. (The) during the first quarter valued at approximately $15,718,000. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of Williams Companies, Inc. (NYSE:WMB) opened at 30.08 on Friday. The firm has a market capitalization of $24.87 billion, a price-to-earnings ratio of 47.44 and a beta of 1.38. The firm has a 50-day moving average of $30.80 and a 200 day moving average of $29.68. Williams Companies, Inc. has a 12-month low of $25.67 and a 12-month high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last posted its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.06. Williams Companies, Inc. (The) had a net margin of 6.24% and a return on equity of 3.43%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company posted $0.19 earnings per share. On average, equities research analysts expect that Williams Companies, Inc. will post $1.01 earnings per share for the current year.

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Several brokerages recently weighed in on WMB. BidaskClub upgraded shares of Williams Companies, Inc. (The) from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered shares of Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Scotiabank set a $30.00 price objective on shares of Williams Companies, Inc. (The) and gave the company a “hold” rating in a report on Saturday, July 22nd. Barclays PLC upgraded shares of Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $33.00 to $36.00 in a report on Tuesday, July 18th. Finally, Royal Bank Of Canada increased their price objective 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. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $34.00.

In related news, insider Robyn L. Ewing sold 81,561 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $31.14, for a total transaction of $2,539,809.54. Following the transaction, the insider now owns 47,003 shares in the company, valued at approximately $1,463,673.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Ted T. Timmermans sold 2,000 shares of the business’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 transaction, the vice president now owns 11,094 shares in the company, valued at approximately $340,142.04. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 37,750 shares of company stock worth $1,076,480 and sold 94,561 shares worth $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.

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

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