Commerzbank Aktiengesellschaft FI bought a new stake in Williams Companies Inc (NYSE:WMB) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 491,656 shares of the pipeline company’s stock, valued at approximately $13,786,000.
Several other hedge funds have also added to or reduced their stakes in the company. Squar Milner Financial Services LLC grew its holdings in shares of Williams Companies by 8.9% in the first quarter. Squar Milner Financial Services LLC now owns 4,552 shares of the pipeline company’s stock valued at $130,000 after acquiring an additional 371 shares in the last quarter. Avestar Capital LLC grew its holdings in shares of Williams Companies by 8.8% in the first quarter. Avestar Capital LLC now owns 4,624 shares of the pipeline company’s stock valued at $129,000 after acquiring an additional 373 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Williams Companies by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the pipeline company’s stock valued at $1,835,000 after acquiring an additional 400 shares in the last quarter. Resources Investment Advisors Inc. grew its holdings in shares of Williams Companies by 25.8% in the first quarter. Resources Investment Advisors Inc. now owns 1,975 shares of the pipeline company’s stock valued at $57,000 after acquiring an additional 405 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Williams Companies by 24.7% in the first quarter. Versant Capital Management Inc now owns 2,221 shares of the pipeline company’s stock valued at $63,000 after acquiring an additional 440 shares in the last quarter. 88.13% of the stock is owned by institutional investors.
In related news, VP Ted T. Timmermans sold 5,000 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $26.06, for a total value of $130,300.00. Following the sale, the vice president now owns 18,666 shares in the company, valued at $486,435.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen I. Chazen acquired 10,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average price of $27.33 per share, for a total transaction of $273,300.00. Following the transaction, the director now directly owns 45,730 shares of the company’s stock, valued at approximately $1,249,800.90. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. Williams Companies had a positive return on equity of 5.56% and a negative net margin of 1.29%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the business posted $0.16 earnings per share. The firm’s revenue was down 2.4% compared to the same quarter last year. As a group, equities research analysts predict that Williams Companies Inc will post 0.95 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on WMB shares. Raymond James raised Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 target price for the company in a report on Wednesday, June 26th. They noted that the move was a valuation call. ValuEngine raised Williams Companies from a “sell” rating to a “hold” rating in a report on Friday. Finally, Barclays reissued a “buy” rating and set a $32.00 price objective on shares of Williams Companies in a report on Thursday, July 18th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $32.38.
Williams Companies Profile
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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