Meag Munich Ergo Kapitalanlagegesellschaft MBH Trims Holdings in Williams Companies (WMB)

Meag Munich Ergo Kapitalanlagegesellschaft MBH lowered its position in Williams Companies (NYSE:WMB) by 22.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,794 shares of the pipeline company’s stock after selling 8,795 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Williams Companies were worth $760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. YorkBridge Wealth Partners LLC lifted its stake in Williams Companies by 19.5% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 11,715 shares of the pipeline company’s stock valued at $345,000 after buying an additional 1,913 shares during the last quarter. Markston International LLC lifted its stake in Williams Companies by 2.6% in the fourth quarter. Markston International LLC now owns 97,035 shares of the pipeline company’s stock valued at $2,959,000 after buying an additional 2,444 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Williams Companies by 3.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 85,229 shares of the pipeline company’s stock valued at $2,598,000 after buying an additional 2,481 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in Williams Companies by 3.4% in the fourth quarter. New Mexico Educational Retirement Board now owns 79,428 shares of the pipeline company’s stock valued at $2,422,000 after buying an additional 2,600 shares during the last quarter. Finally, AE Wealth Management LLC lifted its stake in Williams Companies by 7.7% in the fourth quarter. AE Wealth Management LLC now owns 36,947 shares of the pipeline company’s stock valued at $1,127,000 after buying an additional 2,652 shares during the last quarter. Institutional investors own 86.55% of the company’s stock.

In related news, VP Ted T. Timmermans sold 2,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $28.28, for a total transaction of $56,560.00. Following the transaction, the vice president now owns 17,945 shares of the company’s stock, valued at $507,484.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathleen B. Cooper sold 4,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $28.31, for a total value of $113,240.00. Following the transaction, the director now directly owns 45,465 shares in the company, valued at approximately $1,287,114.15. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

A number of equities research analysts have weighed in on the company. Jefferies Group reiterated a “buy” rating and issued a $37.00 price objective on shares of Williams Companies in a research note on Friday, January 12th. Barclays cut Williams Companies from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $36.00 to $35.00 in a research note on Wednesday, January 17th. Royal Bank of Canada reiterated a “buy” rating and issued a $38.00 price objective on shares of Williams Companies in a research note on Tuesday, January 16th. Bank of America assumed coverage on Williams Companies in a research note on Tuesday, January 9th. They issued a “buy” rating for the company. Finally, Zacks Investment Research cut Williams Companies from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $33.21.

NYSE:WMB opened at $26.27 on Tuesday. The company has a market capitalization of $21.68 billion, a PE ratio of 41.70 and a beta of 1.38. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 1.34. Williams Companies has a 12-month low of $24.00 and a 12-month high of $33.67.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, May 2nd. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Williams Companies had a net margin of 24.02% and a return on equity of 3.61%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the firm posted $0.14 EPS. equities analysts predict that Williams Companies will post 0.89 earnings per share for the current year.

About Williams Companies

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

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

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