Zurcher Kantonalbank Zurich Cantonalbank Has $9.80 Million Stock Position in Williams Companies Inc (NYSE:WMB)

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Zurcher Kantonalbank Zurich Cantonalbank grew its position in Williams Companies Inc (NYSE:WMB) by 7.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 349,601 shares of the pipeline company’s stock after buying an additional 25,060 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Williams Companies were worth $9,803,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP lifted its position in Williams Companies by 1.4% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 20,634,853 shares of the pipeline company’s stock valued at $578,589,000 after acquiring an additional 280,500 shares in the last quarter. Clearbridge Investments LLC lifted its position in Williams Companies by 7.4% in the 1st quarter. Clearbridge Investments LLC now owns 20,402,361 shares of the pipeline company’s stock valued at $585,956,000 after acquiring an additional 1,399,040 shares in the last quarter. Geode Capital Management LLC lifted its position in Williams Companies by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 15,722,127 shares of the pipeline company’s stock valued at $346,152,000 after acquiring an additional 1,124,517 shares in the last quarter. Northern Trust Corp lifted its position in Williams Companies by 1.9% in the 1st quarter. Northern Trust Corp now owns 14,854,724 shares of the pipeline company’s stock valued at $426,629,000 after acquiring an additional 281,665 shares in the last quarter. Finally, Chickasaw Capital Management LLC lifted its position in Williams Companies by 8.7% in the 2nd quarter. Chickasaw Capital Management LLC now owns 14,790,191 shares of the pipeline company’s stock valued at $414,717,000 after acquiring an additional 1,182,565 shares in the last quarter. 88.15% of the stock is owned by institutional investors.

WMB has been the topic of several research reports. Argus cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Credit Suisse Group cut their price objective on shares of Williams Companies from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday. Raymond James raised shares of Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday, June 26th. They noted that the move was a valuation call. ValuEngine raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus cut their price target on shares of Williams Companies from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Williams Companies has an average rating of “Buy” and a consensus target price of $30.36.

In other news, VP Ted T. Timmermans sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $26.06, for a total transaction of $130,300.00. Following the transaction, the vice president now directly owns 18,666 shares in the company, valued at approximately $486,435.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Terrance Lane Wilson acquired 4,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $23.60 per share, for a total transaction of $94,400.00. Following the completion of the purchase, the senior vice president now directly owns 43,726 shares in the company, valued at $1,031,933.60. The disclosure for this purchase can be found here. Insiders have bought a total of 34,000 shares of company stock worth $839,400 over the last 90 days. 0.26% of the stock is owned by company insiders.

Shares of Williams Companies stock traded down $0.44 during trading on Monday, hitting $23.55. 1,586,579 shares of the stock were exchanged, compared to its average volume of 9,902,512. The firm has a market cap of $29.12 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 3.85 and a beta of 1.56. The stock has a fifty day moving average of $26.97. Williams Companies Inc has a 1-year low of $20.36 and a 1-year high of $32.05. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.56.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.13 billion. Williams Companies had a net margin of 0.73% and a return on equity of 6.46%. Williams Companies’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS. Equities research analysts expect that Williams Companies Inc will post 0.96 earnings per share for the current fiscal year.

About Williams Companies

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

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