First Mercantile Trust Co Lowers stake in Williams Companies Inc (WMB)

Williams Companies Inc (WMB) : First Mercantile Trust Co reduced its stake in Williams Companies Inc by 20.26% during the most recent quarter end. The investment management company now holds a total of 35,456 shares of Williams Companies Inc which is valued at $1,077,153 after selling 9,006 shares in Williams Companies Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Williams Companies Inc makes up approximately 0.14% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Catawba Capital Management Va added WMB to its portfolio by purchasing 8,530 company shares during the most recent quarter which is valued at $259,141. Williams Companies Inc makes up approx 0.06% of Catawba Capital Management Va’s portfolio. Franklin Street Advisors Inc Nc added WMB to its portfolio by purchasing 8,109 company shares during the most recent quarter which is valued at $247,568. Williams Companies Inc makes up approx 0.05% of Franklin Street Advisors Inc Nc’s portfolio.Chevy Chase Trust Holdings reduced its stake in WMB by selling 14,196 shares or 2.43% in the most recent quarter. The Hedge Fund company now holds 569,955 shares of WMB which is valued at $17,400,726. Williams Companies Inc makes up approx 0.10% of Chevy Chase Trust Holdings’s portfolio. Washington Trust Bank added WMB to its portfolio by purchasing 331 company shares during the most recent quarter which is valued at $10,105.

Williams Companies Inc closed down -0.13 points or -0.43% at $30.38 with 42,70,504 shares getting traded on Friday. Post opening the session at $30.58, the shares hit an intraday low of $30.31 and an intraday high of $30.73 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Williams Companies Inc reported $0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $0.20.Analysts expectations of $ 1794.33.During the same quarter in the previous year, the company posted $0.15 EPS.

Many Wall Street Analysts have commented on Williams Companies Inc. RBC Capital Mkts Initiated Williams Companies Inc on Sep 26, 2016 to “Outperform”, Price Target of the shares are set at $39.Williams Companies Inc was Upgraded by Raymond James to ” Outperform” on Aug 3, 2016. Williams Companies Inc was Resumed by Citigroup to “Neutral” on Jul 22, 2016.

The Williams Companies Inc. is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas natural gas liquids (NGLs) and olefins. The Company operates through three segments: Williams Partners comprised of its consolidated partnership Pre-merger WPZ (Williams Partners L.P.) which includes gas pipeline and midstream businesses; Access Midstream comprised of its consolidated master limited partnership ACMP (Access Midstream Partners L.P.) which includes certain domestic midstream businesses that provide gathering treating and compression services to producers under long-term fee-based contracts and Williams NGL and Petchem Services comprised of certain other domestic olefins pipeline assets and certain Canadian growth projects under development including a propane dehydrogenation facility and a liquids extraction plant.

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