First Hawaiian Bank Purchases New Stake in Williams Companies Inc (WMB)

First Hawaiian Bank purchased a new position in shares of Williams Companies Inc (NYSE:WMB) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 7,464 shares of the pipeline company’s stock, valued at approximately $203,000.

A number of other institutional investors also recently added to or reduced their stakes in WMB. Hamlin Capital Management LLC purchased a new position in Williams Companies during the second quarter worth $80,810,000. AGF Investments Inc. grew its position in shares of Williams Companies by 227.7% in the second quarter. AGF Investments Inc. now owns 3,574,532 shares of the pipeline company’s stock valued at $96,906,000 after purchasing an additional 2,483,903 shares during the period. Tortoise Capital Advisors L.L.C. grew its position in shares of Williams Companies by 16.4% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 16,823,579 shares of the pipeline company’s stock valued at $456,087,000 after purchasing an additional 2,375,456 shares during the period. Chickasaw Capital Management LLC grew its position in shares of Williams Companies by 29.6% in the second quarter. Chickasaw Capital Management LLC now owns 10,134,308 shares of the pipeline company’s stock valued at $274,741,000 after purchasing an additional 2,312,800 shares during the period. Finally, Millennium Management LLC grew its position in shares of Williams Companies by 44.9% in the second quarter. Millennium Management LLC now owns 6,362,100 shares of the pipeline company’s stock valued at $172,477,000 after purchasing an additional 1,970,242 shares during the period. 87.79% of the stock is owned by institutional investors.

WMB has been the subject of a number of recent analyst reports. Bank of America reaffirmed a “buy” rating on shares of Williams Companies in a research report on Tuesday, August 21st. Zacks Investment Research downgraded Williams Companies from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 27th. Wells Fargo & Co lowered their price objective on Williams Companies from $35.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, September 13th. Stifel Nicolaus initiated coverage on Williams Companies in a research report on Tuesday, August 7th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Seaport Global Securities initiated coverage on Williams Companies in a research report on Friday, October 19th. They issued a “buy” rating and a $31.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $33.07.



In other Williams Companies news, SVP Frank J. Ferazzi sold 1,100 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $31.31, for a total transaction of $34,441.00. Following the transaction, the senior vice president now owns 15,037 shares in the company, valued at $470,808.47. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Ted T. Timmermans sold 20,267 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $32.00, for a total value of $648,544.00. Following the transaction, the vice president now owns 9,955 shares in the company, valued at approximately $318,560. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

WMB stock opened at $24.33 on Thursday. Williams Companies Inc has a 12-month low of $23.54 and a 12-month high of $33.67. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.38. The stock has a market cap of $20.14 billion, a price-to-earnings ratio of 38.62, a PEG ratio of 4.08 and a beta of 1.53.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. Williams Companies had a return on equity of 3.82% and a net margin of 24.19%. During the same quarter in the prior year, the firm earned $0.04 earnings per share. On average, research analysts anticipate that Williams Companies Inc will post 0.79 earnings per share for the current year.

About Williams Companies

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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