Sheaff Brock Investment Advisors LLC reduced its holdings in shares of Williams Companies Inc (NYSE:WMB) by 13.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,379 shares of the pipeline company’s stock after selling 1,986 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Williams Companies were worth $347,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Truvestments Capital LLC grew its position in Williams Companies by 360.6% during the second quarter. Truvestments Capital LLC now owns 958 shares of the pipeline company’s stock valued at $27,000 after acquiring an additional 750 shares during the last quarter. Trustcore Financial Services LLC bought a new position in shares of Williams Companies in the first quarter worth approximately $29,000. Cornerstone Advisors Inc. grew its holdings in shares of Williams Companies by 75.9% in the first quarter. Cornerstone Advisors Inc. now owns 1,302 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 562 shares during the last quarter. Hanson McClain Inc. grew its holdings in shares of Williams Companies by 100.0% in the first quarter. Hanson McClain Inc. now owns 1,500 shares of the pipeline company’s stock worth $43,000 after purchasing an additional 750 shares during the last quarter. Finally, NuWave Investment Management LLC grew its holdings in shares of Williams Companies by 1,679.2% in the second quarter. NuWave Investment Management LLC now owns 1,708 shares of the pipeline company’s stock worth $48,000 after purchasing an additional 1,612 shares during the last quarter. Institutional investors and hedge funds own 88.23% of the company’s stock.
WMB stock traded down $0.05 on Thursday, reaching $23.06. The company’s stock had a trading volume of 57,387 shares, compared to its average volume of 10,114,697. The company has a fifty day moving average price of $26.60. Williams Companies Inc has a 12-month low of $20.36 and a 12-month high of $31.05. The stock has a market capitalization of $27.92 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 3.79 and a beta of 1.56. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 1.22.
Several research analysts have recently issued reports on the stock. Credit Suisse Group cut their target price on shares of Williams Companies from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Citigroup cut their target price on shares of Williams Companies from $31.00 to $27.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Argus cut shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. ValuEngine upgraded shares of Williams Companies from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Stifel Nicolaus cut their target price on shares of Williams Companies from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $30.36.
In other news, Director Stephen I. Chazen acquired 10,000 shares of the stock in a transaction on Monday, May 20th. The stock was acquired at an average price of $27.33 per share, with a total value of $273,300.00. Following the completion of the transaction, the director now owns 45,730 shares of the company’s stock, valued at approximately $1,249,800.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Terrance Lane Wilson purchased 4,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $23.60 per share, with a total value of $94,400.00. Following the transaction, the senior vice president now owns 43,726 shares in the company, valued at $1,031,933.60. The disclosure for this purchase can be found here. Insiders have acquired 34,000 shares of company stock valued at $839,400 in the last three months. Insiders own 0.26% of the company’s stock.
Williams Companies Company 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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