Salient Capital Advisors Llc decreased its stake in Williams Cos Inc Del (WMB) by 9.63% based on its latest 2016Q3 regulatory filing with the SEC. Salient Capital Advisors Llc sold 1.06 million shares as the company’s stock rose 49.46% with the market. The institutional investor held 9.97 million shares of the public utilities company at the end of 2016Q3, valued at $306.27M, down from 11.03M at the end of the previous reported quarter. Salient Capital Advisors Llc who had been investing in Williams Cos Inc Del for a number of months, seems to be less bullish one the $21.08B market cap company. The stock decreased 10.71% or $3.42 during the last trading session, hitting $28.5. About 3,720 shares traded hands. Williams Companies Inc (NYSE:WMB) has risen 20.92% since June 7, 2016 and is uptrending. It has outperformed by 13.49% the S&P500.
Salient Capital Advisors Llc, which manages about $5.02 billion and $4.93 billion US Long portfolio, upped its stake in Kinder Morgan Inc Del (NYSE:KMI) by 1.03M shares to 2.19 million shares, valued at $50.70 million in 2016Q3, according to the filing. It also increased its holding in Williams Partners LP New (ACMP) by 1.01M shares in the quarter, for a total of 4.52M shares, and has risen its stake in Genesis Energy LP (NYSE:GEL).
Salient Capital Advisors Llc is a Texas-based hedge fund with more than $5.02 billion AUM in November, 2014. Taken from Salient Capital Advisors latest Adv, the fund reported to have 156 full and part-time employees. Among which 68 performing investment advisory and research functions. The hedge fund had more than 900 clients.
Insitutional Activity: The institutional sentiment increased to 1.11 in Q3 2016. Its up 0.18, from 0.93 in 2016Q2. The ratio is positive, as 60 funds sold all WMB shares owned while 197 reduced positions. 98 funds bought stakes while 188 increased positions. They now own 625.76 million shares or 1.79% more from 614.76 million shares in 2016Q2. Commonwealth State Bank Of Aus, a Australia-based fund reported 46,892 shares. Capital Guardian Co holds 8,820 shares or 0% of its portfolio. Cohen & Steers has 0.3% invested in the company for 3.84 million shares. Capwealth Advsrs Ltd Llc has invested 3.41% of its portfolio in Williams Companies Inc (NYSE:WMB). Bessemer Gru has 0% invested in the company for 3,363 shares. Fayez Sarofim & Communication has invested 0.07% of its portfolio in Williams Companies Inc (NYSE:WMB). Vollero Beach Cap Prns Ltd Com holds 1.31% or 108,877 shares in its portfolio. Thompson Siegel Walmsley, a Virginia-based fund reported 13,547 shares. Bourgeon Mngmt Ltd Liability Corp, a Connecticut-based fund reported 28,950 shares. Mitchell Grp Incorporated has invested 2.65% of its portfolio in Williams Companies Inc (NYSE:WMB). Holt Cap Advsr Lc Dba Holt Cap Ptnrs L P, a Texas-based fund reported 11,897 shares. The Virginia-based Virginia Retirement Systems Et Al has invested 0.01% in Williams Companies Inc (NYSE:WMB). Moreover, Manchester Management Ltd Liability has 0.01% invested in Williams Companies Inc (NYSE:WMB) for 1,726 shares. Moreover, Teachers Retirement System Of The State Of Kentucky has 0.04% invested in Williams Companies Inc (NYSE:WMB) for 92,419 shares. Franklin Street Advsr Incorporated Nc holds 8,109 shares or 0.05% of its portfolio.
Insider Transactions: Since August 12, 2016, the stock had 1 insider purchase, and 2 selling transactions for $1.09 million net activity. CHAZEN STEPHEN I had bought 5,000 shares worth $141,138 on Wednesday, November 2. 40,000 shares were sold by Miller Rory Lee, worth $1.18 million on Monday, November 7. On Friday, August 12 Timmermans Ted T sold $52,468 worth of the stock or 2,000 shares.
Analysts await Williams Companies Inc (NYSE:WMB) to report earnings on February, 15. They expect $0.21 earnings per share, up 2,000.00% or $0.20 from last year’s $0.01 per share. WMB’s profit will be $155.33 million for 33.93 P/E if the $0.21 EPS becomes a reality. After $0.20 actual earnings per share reported by Williams Companies Inc for the previous quarter, Wall Street now forecasts 5.00% EPS growth.
More notable recent Williams Companies Inc (NYSE:WMB) news were published by: Fool.com which released: “Williams Companies Inc. Pivots Again, Setting a New Long-Term Strategy” on January 10, 2017, also Investorplace.com with their article: “Why Williams Companies Inc (WMB), Fitbit Inc (FIT) and Merrimack …” published on January 10, 2017, Investorplace.com published: “Why Williams Companies Inc (WMB) Stock Is Down Today” on January 10, 2017. More interesting news about Williams Companies Inc (NYSE:WMB) were released by: Finance.Yahoo.com and their article: “Williams Companies Rewards Investors with Dividend Hike” published on January 10, 2017 as well as Finance.Yahoo.com‘s news article titled: “Walnut Private Equity Partners, Llc Buys Williams Companies Inc, Energy …” with publication date: January 10, 2017.
According to Zacks Investment Research, “Williams Companies moves, manages and markets a variety of energy products, including natural gas, liquid hydrocarbons, petroleum and electricity. Based in Tulsa, Oklahoma, Williams’ operations span the energy value chain from wellhead to burner tip.”
Williams Companies Inc (NYSE:WMB) Ratings Coverage
Out of 14 analysts covering Williams Companies Inc. (NYSE:WMB), 8 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 57% are positive. $49.98 is the highest target while $25 is the lowest. The $30.80 average target is 8.07% above today’s ($28.5) stock price. Williams Companies Inc. has been the topic of 25 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, January 10 by Jefferies. Citigroup reinitiated Williams Companies Inc (NYSE:WMB) rating on Friday, July 22. Citigroup has “Neutral” rating and $26 price target. Wells Fargo downgraded the stock to “Market Perform” rating in Thursday, September 10 report. As per Tuesday, March 22, the company rating was maintained by Jefferies. As per Friday, May 6, the company rating was downgraded by Raymond James. The stock has “Overweight” rating given by Morgan Stanley on Monday, December 19. The firm earned “Overweight” rating on Monday, December 5 by Barclays Capital. Goldman Sachs maintained the shares of WMB in a report on Wednesday, July 13 with “Buy” rating. On Wednesday, May 11 the stock rating was initiated by Bernstein with “Outperform”. The firm has “Buy” rating given on Tuesday, August 2 by Evercore.
WMB Company Profile
The Williams Companies, Inc., incorporated on February 3, 1987, is an energy infrastructure firm focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGLs) and olefins. The Company’s divisions include Williams Partners, Williams NGL & Petchem Services, and Other. The Company’s Williams Partners segment consists of its consolidated partnership Pre-merger Williams Partners L.P. (WPZ), which includes gas pipeline and midstream businesses. The gas pipeline business includes interstate natural gas pipelines and pipeline joint project investments. The midstream business provides natural gas gathering, treating, processing and compression services; NGL production, fractionation, storage, marketing and transportation; deepwater production handling and crude oil transportation services, and an olefin production business and consists of various subsidiaries and joint project investments. The Company’s Canadian midstream activities include an oilsands off gas processing plant near Fort McMurray, Alberta, an NGL/olefin fractionation facility, and the Boreal Pipeline. The Company’s Other segment consists of corporate activities and its Canadian construction services company. The Company’s activities are located in the United States, but span from the deepwater Gulf of Mexico to the Canadian oil sands.
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