Three Bays Capital Lp Lowers stake in Williams Companies Inc (WMB)

Williams Companies Inc (WMB) : Three Bays Capital Lp reduced its stake in Williams Companies Inc by 8.29% during the most recent quarter end. The investment management company now holds a total of 5,111,582 shares of Williams Companies Inc which is valued at $133,974,564 after selling 461,800 shares in Williams Companies Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Williams Companies Inc makes up approximately 12.69% of Three Bays Capital Lp’s portfolio.

Other Hedge Funds, Including , New England Asset Management Inc sold out all of its stake in WMB during the most recent quarter. The investment firm sold 40,600 shares of WMB which is valued $1,064,126. Blair William Coil added WMB to its portfolio by purchasing 34,268 company shares during the most recent quarter which is valued at $901,934. Williams Companies Inc makes up approx 0.01% of Blair William Coil’s portfolio.Exane Derivatives boosted its stake in WMB in the latest quarter, The investment management firm added 818 additional shares and now holds a total of 2,341 shares of Williams Companies Inc which is valued at $60,093. Williams Companies Inc makes up approx 0.01% of Exane Derivatives’s portfolio.State Treasurer State Of Michigan boosted its stake in WMB in the latest quarter, The investment management firm added 2,200 additional shares and now holds a total of 237,242 shares of Williams Companies Inc which is valued at $6,090,002. Williams Companies Inc makes up approx 0.05% of State Treasurer State Of Michigan’s portfolio.Manchester Capital Management reduced its stake in WMB by selling 334 shares or 16.21% in the most recent quarter. The Hedge Fund company now holds 1,726 shares of WMB which is valued at $42,322. Williams Companies Inc makes up approx 0.01% of Manchester Capital Management’s portfolio.

Williams Companies Inc opened for trading at $27.77 and hit $28.23 on the upside on Thursday, eventually ending the session at $28.15, with a gain of 0.75% or 0.21 points. The heightened volatility saw the trading volume jump to 1,24,62,521 shares. Company has a market cap of $21,131 M.

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.

Investors should note that on Aug 19, 2016, Williams Companies Inc announced a cash dividend of $0.2000. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 26, 2016.

Many Wall Street Analysts have commented on Williams Companies Inc. 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. Goldman Resumed Williams Companies Inc on Jul 13, 2016 to “Buy”, Price Target of the shares are set at $25.

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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