Brookfield Reduces $63M in The Williams Companies, Inc. ($WMB)
Key Points
- Brookfield changed its The Williams Companies, Inc. ($WMB) stake by 14.5% last quarter, cutting to 5,187,832 shares worth $373.94 million.
- Wall Street's consensus rating on $WMB is Buy and an average price target of $82.90.
- $WMB last traded around $72.08.
Brookfield reduced its position in The Williams Companies, Inc. ($WMB) by 14.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,187,832 shares of The Williams Companies, Inc. after selling 877,208 shares during the quarter. Brookfield's holdings in The Williams Companies, Inc. were worth $373.94 million as of its most recent filing.
The Williams Companies, Inc. ($WMB) Stock
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About The Williams Companies, Inc.
The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission, Power & Gulf, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission, Power & Gulf segment comprises Transco, NWP, and Mountain West interstate natural gas pipelines, and their related natural gas storage facilities, as well as natural gas gathering and processing; and crude oil production handling and transportation assets in the Gulf Coast region. The Northeast G&P segment engages in the midstream gathering, processing, and fractionation activities in the Marcellus Shale region primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio. The West segment consists of gas gathering, processing, and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, the Eagle Ford Shale region of South Texas, the Haynesville Shale region of northwest Louisiana, the Mid-Continent region that includes the Anadarko and Permian basins, and the DJ Basin of Colorado; and operates natural gas liquid (NGL) fractionation and storage assets in central Kansas near Conway. The Gas & NGL Marketing Services segment provides wholesale marketing, trading, storage, and transportation of natural gas for natural gas utilities, municipalities, power generators, and producers; asset management services; and transports and markets NGLs. The company owns and operates approximately 32,000 miles of pipelines. The Williams Companies, Inc. was founded in 1908 and is headquartered in Tulsa, Oklahoma.
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