Williams Companies, Inc. (The) (WMB) Holdings Boosted by Mengis Capital Management Inc.

Mengis Capital Management Inc. raised its position in Williams Companies, Inc. (The) (NYSE:WMB) by 40.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,656 shares of the pipeline company’s stock after buying an additional 11,791 shares during the period. Mengis Capital Management Inc.’s holdings in Williams Companies, Inc. (The) were worth $1,220,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Johnson Financial Group LLC boosted its position in Williams Companies, Inc. (The) by 0.6% in the second quarter. Johnson Financial Group LLC now owns 7,068 shares of the pipeline company’s stock valued at $214,000 after buying an additional 45 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in Williams Companies, Inc. (The) by 0.7% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 8,506 shares of the pipeline company’s stock valued at $258,000 after buying an additional 58 shares in the last quarter. Financial Architects Inc boosted its position in Williams Companies, Inc. (The) by 1.6% in the second quarter. Financial Architects Inc now owns 6,754 shares of the pipeline company’s stock valued at $204,000 after buying an additional 109 shares in the last quarter. Wsfs Capital Management LLC boosted its position in Williams Companies, Inc. (The) by 1.1% in the second quarter. Wsfs Capital Management LLC now owns 12,664 shares of the pipeline company’s stock valued at $383,000 after buying an additional 133 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its position in Williams Companies, Inc. (The) by 1.9% in the second quarter. Proficio Capital Partners LLC now owns 8,003 shares of the pipeline company’s stock valued at $253,000 after buying an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

WMB has been the topic of a number of research reports. Barclays PLC upgraded shares of Williams Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $33.00 to $36.00 in a research report on Tuesday, July 18th. BidaskClub lowered shares of Williams Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 8th. Scotiabank set a $30.00 target price on shares of Williams Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Saturday, July 22nd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Williams Companies, Inc. (The) in a research report on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Monday, July 24th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $34.00.

In related news, insider Donald R. Chappel sold 272,088 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $30.32, for a total value of $8,249,708.16. Following the transaction, the insider now directly owns 60,032 shares in the company, valued at $1,820,170.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen I. Chazen acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average price of $28.93 per share, for a total transaction of $144,650.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $289,300. The disclosure for this purchase can be found here. Insiders sold 283,501 shares of company stock worth $8,590,124 over the last 90 days. 0.50% of the stock is currently owned by company insiders.

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Shares of Williams Companies, Inc. (NYSE:WMB) traded down $0.43 during midday trading on Tuesday, reaching $27.80. 2,606,927 shares of the company traded hands, compared to its average volume of 6,481,797. Williams Companies, Inc. has a fifty-two week low of $27.65 and a fifty-two week high of $32.69. The firm has a market capitalization of $23,661.49, a price-to-earnings ratio of 48.51, a P/E/G ratio of 3.06 and a beta of 1.38. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.97 and a quick ratio of 0.91.

Williams Companies, Inc. (The) (NYSE:WMB) last announced its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Williams Companies, Inc. (The) had a net margin of 5.90% and a return on equity of 3.23%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the company earned $0.20 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. equities research analysts anticipate that Williams Companies, Inc. will post 0.72 earnings per share 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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