Trust Asset Management LLC Increases Stake in Williams Companies, Inc. (The) (WMB)

Trust Asset Management LLC boosted its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 233.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 300,673 shares of the pipeline company’s stock after buying an additional 210,500 shares during the period. Williams Companies, Inc. (The) makes up about 3.3% of Trust Asset Management LLC’s holdings, making the stock its 11th largest position. Trust Asset Management LLC’s holdings in Williams Companies, Inc. (The) were worth $9,104,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WMB. Sheaff Brock Investment Advisors LLC boosted its stake in Williams Companies, Inc. (The) by 0.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 8,448 shares of the pipeline company’s stock worth $250,000 after buying an additional 41 shares during the last quarter. Catawba Capital Management VA boosted its stake in Williams Companies, Inc. (The) by 0.6% in the second quarter. Catawba Capital Management VA now owns 7,035 shares of the pipeline company’s stock worth $213,000 after buying an additional 45 shares during the last quarter. Focused Wealth Management Inc boosted its stake in Williams Companies, Inc. (The) by 1.8% in the first quarter. Focused Wealth Management Inc now owns 5,700 shares of the pipeline company’s stock worth $169,000 after buying an additional 100 shares during the last quarter. Duncker Streett & Co. Inc. boosted its stake in Williams Companies, Inc. (The) by 1.0% in the first quarter. Duncker Streett & Co. Inc. now owns 12,630 shares of the pipeline company’s stock worth $374,000 after buying an additional 130 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in Williams Companies, Inc. (The) by 2.1% in the first quarter. Fifth Third Bancorp now owns 7,418 shares of the pipeline company’s stock worth $219,000 after buying an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

Shares of Williams Companies, Inc. (WMB) traded up 0.10% during mid-day trading on Friday, reaching $30.08. 2,391,786 shares of the company’s stock traded hands. The firm has a market cap of $24.87 billion, a price-to-earnings ratio of 47.44 and a beta of 1.38. The firm’s 50-day moving average is $30.80 and its 200 day moving average is $29.68. Williams Companies, Inc. has a one year low of $25.67 and a one year high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last announced its earnings results on Wednesday, August 2nd. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Williams Companies, Inc. (The) had a return on equity of 3.43% and a net margin of 6.24%. During the same quarter last year, the business posted $0.19 earnings per share. Analysts predict that Williams Companies, Inc. will post $1.01 earnings per share for the current year.

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A number of research firms have recently commented on WMB. BidaskClub cut shares of Williams Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Thursday, July 13th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Williams Companies, Inc. (The) in a report on Thursday. Barclays PLC reiterated a “hold” rating and set a $33.00 price target on shares of Williams Companies, Inc. (The) in a report on Tuesday, May 16th. Finally, Wells Fargo & Company upgraded shares of Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a report on Monday, May 15th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $34.00.

In other Williams Companies, Inc. (The) news, Director Stephen W. Bergstrom bought 17,750 shares of the stock in a transaction dated Tuesday, June 20th. The shares were acquired at an average cost of $28.12 per share, for a total transaction of $499,130.00. Following the completion of the transaction, the director now owns 17,750 shares in the company, valued at approximately $499,130. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ted T. Timmermans sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $30.73, for a total transaction of $30,730.00. Following the transaction, the vice president now owns 13,094 shares in the company, valued at $402,378.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 37,750 shares of company stock worth $1,076,480 and have sold 94,561 shares worth $2,937,560. Company 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.

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

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