The Manufacturers Life Insurance Company Lowers Stake in Williams Companies, Inc. (The) $WMB
MarketBeat
The Manufacturers Life Insurance Company reduced its stake in Williams Companies by 1.9% in the second quarter, selling 20,123 shares but still holding over 1 million shares valued at approximately $78 million. Institutional investors collectively own 86.44% of WMB, which maintains an average "Buy" rating from analysts despite recent downgrades and regulatory hurdles for its NESE pipeline. The company reported strong Q2 revenues and declared a $0.525-per-share dividend.
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