This article first appeared on GuruFocus.
ETFs sold $18.1 million of Williams (WMB) on Wednesday, Nov. 4, a net outflow driven by fewer funds trading in larger amounts. More ETFs traded the other way, with 33 buying versus 14 selling, but the sellers’ dollar value outweighed the buyers’. ETF activity followed two straight days of net buying, with $8.6 million added on Oct. 29 and $8.2 million on Oct. 30, before a $0.9 million outflow on Nov. 2 and $5.6 million in buying on Nov. 3. The selling streak now stands at one day.
See all ETF and guru trades in WMB on its WMB guru trades page.
Which ETFs sold WMB on Wednesday?
The largest sellers by dollar value were XLE ($13.0 million), SPY ($6.8 million) and IXC ($2.7 million). In all, 33 ETFs added shares and 14 cut them.
The Energy Select Sector SPDR Fund (XLE) led the move, cutting 191,851 shares worth $13.0 million, a 0.75% reduction in its stake and 4.17% of its portfolio. The SPDR S&P 500 ETF Trust (SPY) trimmed 99,687 shares valued at $6.8 million, while the iShares Global Energy ETF (IXC) sold 39,620 shares worth $2.7 million, a 3.88% cut. Smaller reductions came from the ProShares Ultra S&P500 (SSO), down 15,561 shares for $1.1 million, and the Invesco S&P 500 Low Volatility ETF (SPLV), down 12,690 shares for $0.9 million. Williams operates in the Energy sector’s Oil & Gas Midstream industry and carries a market cap of $80.3 billion.
Have ETFs been buying or selling WMB lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does WMB do?
Williams Companies operates critical natural gas infrastructure handling roughly a third of U.S. natural gas. Its crown jewel is Transco, the nation’s largest-volume interstate gas pipeline, running from the Gulf Coast up the Eastern Seaboard and serving growing Southeast power and LNG-export demand with a deep backlog of expansion projects.
Williams reported trailing-12-month revenue of $12.68 billion, up 9.3% year over year, with a gross margin of 43.4% and a net margin of 24.7%. The stock trades at a P/E of 25.28, a P/B of 5.12 and a P/S of 6.23, against a market cap of $80.3 billion. Its GF Score is 84, and the GF Value of $66.19 compares with a price of $64.25. The dividend yield is 3.41%, and the shares have returned 9.24% year to date.
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
