Amica Pension Fund Board of Trustees continued to hold its position in Williams Companies Inc (NYSE:WMB) during the first quarter, Holdings Channel reports. The fund owned 24,936 shares of the pipeline company’s stock at the end of the first quarter. Amica Pension Fund Board of Trustees’ holdings in Williams Companies were worth $738,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI raised its position in shares of Williams Companies by 40.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 283,401 shares of the pipeline company’s stock worth $8,386,000 after buying an additional 82,290 shares in the last quarter. Stoneridge Investment Partners LLC bought a new stake in Williams Companies during the first quarter valued at $5,151,000. JRM Investment Counsel LLC increased its stake in Williams Companies by 6.8% in the first quarter. JRM Investment Counsel LLC now owns 102,203 shares of the pipeline company’s stock valued at $3,024,000 after buying an additional 6,505 shares during the period. Great West Life Assurance Co. Can increased its stake in Williams Companies by 41.0% in the first quarter. Great West Life Assurance Co. Can now owns 1,189,740 shares of the pipeline company’s stock valued at $35,198,000 after buying an additional 346,157 shares during the period. Finally, Private Capital Management Inc. increased its stake in Williams Companies by 117.5% in the first quarter. Private Capital Management Inc. now owns 8,700 shares of the pipeline company’s stock valued at $258,000 after buying an additional 4,700 shares during the period. 80.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Williams Companies Inc (NYSE:WMB) traded up 2.44% during mid-day trading on Friday, hitting $30.25. 5,970,607 shares of the stock were exchanged. The stock’s market cap is $24.98 billion. The company has a 50-day moving average of $29.81 and a 200 day moving average of $29.62. Williams Companies Inc has a one year low of $18.55 and a one year high of $32.69.
Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, May 3rd. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.06. Williams Companies had a positive return on equity of 2.16% and a negative net margin of 15.19%. The business earned $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the company earned $0.03 EPS. On average, equities analysts predict that Williams Companies Inc will post $0.94 earnings per share for the current year.
Several brokerages have commented on WMB. Deutsche Bank AG began coverage on shares of Williams Companies in a research report on Friday, February 10th. They issued a “hold” rating and a $32.00 price target for the company. Citigroup Inc raised shares of Williams Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $32.00 to $36.00 in a report on Friday, April 7th. Scotiabank reissued a “hold” rating and set a $30.00 price objective on shares of Williams Companies in a report on Thursday, April 27th. Jefferies Group LLC downgraded shares of Williams Companies from a “buy” rating to a “hold” rating and reduced their price target for the company from $35.00 to $32.00 in a report on Tuesday, January 10th. Finally, BMO Capital Markets set a $32.00 price target on shares of Williams Companies and gave the company a “buy” rating in a report on Monday, January 23rd. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Williams Companies currently has a consensus rating of “Buy” and a consensus target price of $30.90.
Williams Companies Company 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.
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