Williams Companies, Inc. (The) (NYSE:WMB) Stake Lifted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 10.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 369,821 shares of the pipeline company’s stock after acquiring an additional 34,233 shares during the period. Public Employees Retirement System of Ohio’s holdings in Williams Companies, Inc. (The) were worth $11,198,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Williams Companies, Inc. (The) by 2,942.5% during the first quarter. BlackRock Inc. now owns 59,022,046 shares of the pipeline company’s stock valued at $1,746,463,000 after buying an additional 57,082,116 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Williams Companies, Inc. (The) by 21.7% during the first quarter. Vanguard Group Inc. now owns 61,390,821 shares of the pipeline company’s stock valued at $1,816,554,000 after buying an additional 10,933,027 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Williams Companies, Inc. (The) by 38,673.4% during the first quarter. Clearbridge Investments LLC now owns 7,754,674 shares of the pipeline company’s stock valued at $229,461,000 after buying an additional 7,734,674 shares during the last quarter. Capital International Investors raised its holdings in shares of Williams Companies, Inc. (The) by 1,660.2% during the second quarter. Capital International Investors now owns 7,384,300 shares of the pipeline company’s stock valued at $223,597,000 after buying an additional 6,964,791 shares during the last quarter. Finally, Janus Capital Management LLC raised its holdings in shares of Williams Companies, Inc. (The) by 341.1% during the first quarter. Janus Capital Management LLC now owns 7,007,756 shares of the pipeline company’s stock valued at $207,359,000 after buying an additional 5,418,945 shares during the last quarter. 84.60% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Donald R. Chappel sold 272,088 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $30.32, for a total transaction of $8,249,708.16. Following the completion of the sale, the insider now owns 60,032 shares in the company, valued at approximately $1,820,170.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $30.66, for a total transaction of $61,320.00. Following the sale, the vice president now owns 11,094 shares of the company’s stock, valued at approximately $340,142.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 284,001 shares of company stock valued at $8,608,319. 0.53% of the stock is currently owned by corporate insiders.

Several equities research analysts recently commented on the company. BidaskClub cut Williams Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of Williams Companies, Inc. (The) in a report on Thursday, August 10th. Zacks Investment Research raised Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Thursday, July 13th. Wolfe Research assumed coverage on Williams Companies, Inc. (The) in a report on Monday, September 25th. They set an “outperform” rating and a $34.00 target price on the stock. Finally, Barclays PLC raised Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $33.00 to $36.00 in a report on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Williams Companies, Inc. (The) currently has a consensus rating of “Buy” and an average price target of $34.00.

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Williams Companies, Inc. (WMB) traded up 0.74% during midday trading on Friday, hitting $28.62. 6,612,211 shares of the company traded hands. Williams Companies, Inc. has a 12-month low of $27.35 and a 12-month high of $32.69. The stock’s 50-day moving average is $29.97 and its 200-day moving average is $30.07. The firm has a market capitalization of $23.66 billion, a PE ratio of 45.14 and a beta of 1.38.

Williams Companies, Inc. (The) (NYSE:WMB) last released its earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate 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 last year, the business posted $0.19 EPS. Analysts anticipate that Williams Companies, Inc. will post $0.84 EPS for the current fiscal year.

Williams Companies, Inc. (The) Profile

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.

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

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