Steadfast Capital Management Lp Lowers stake in Williams Companies Inc (WMB)

Williams Companies Inc (WMB) : Steadfast Capital Management Lp reduced its stake in Williams Companies Inc by 24.36% during the most recent quarter end. The investment management company now holds a total of 9,055,023 shares of Williams Companies Inc which is valued at $272,918,393 after selling 2,915,588 shares in Williams Companies Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Williams Companies Inc makes up approximately 5.13% of Steadfast Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Prudential Plc added WMB to its portfolio by purchasing 6,583 company shares during the most recent quarter which is valued at $198,412. Bp Capital Fund Advisors added WMB to its portfolio by purchasing 26,069 company shares during the most recent quarter which is valued at $798,754. Williams Companies Inc makes up approx 0.30% of Bp Capital Fund Advisors’s portfolio.Bb&t Securities reduced its stake in WMB by selling 12,694 shares or 14.42% in the most recent quarter. The Hedge Fund company now holds 75,313 shares of WMB which is valued at $2,313,615. Williams Companies Inc makes up approx 0.03% of Bb&t Securities’s portfolio.Burt Wealth Advisors boosted its stake in WMB in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 295 shares of Williams Companies Inc which is valued at $8,720. Williams Companies Inc makes up approx 0.01% of Burt Wealth Advisors’s portfolio. Quantres Asset Management Ltd sold out all of its stake in WMB during the most recent quarter. The investment firm sold 76,200 shares of WMB which is valued $2,299,716.

Williams Companies Inc closed down -0.03 points or -0.10% at $30.15 with 69,55,952 shares getting traded on Monday. Post opening the session at $30.21, the shares hit an intraday low of $30.08 and an intraday high of $30.5 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Williams Companies Inc reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 31, 2016. Analyst had a consensus of $0.17.Analysts expectations of $ 1820.95.During the same quarter in the previous year, the company posted $0.22 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.

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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