Corvex Capital Increases Stake in Williams Companies Inc. (WMB)

Keith Meister’s Corvex Capital, in a filing revealed that it owns 46.10 million shares of Williams Companies, Inc. (NYSE:WMB), representing 6.74% of the Common Stock of the company. This position was raised from some 36.09 million shares held earlier.

Earlier, in December, Corvex Capital signed an agreement with Eric W. Mandelblatt’s Soroban Capital Partners, to mutually take decisions related to of Williams Companies, Inc. (NYSE:WMB)’s nomination of directors, management, other corporate matters and various other issues of the company. Corvex Capital and Soroban Capital Partners are the largest shareholders of the company.

Keith Meister

Williams Companies, Inc. (NYSE:WMB) deals in energy infrastructure. In December, Williams Companies, Inc. (NYSE:WMB) succeeded to meat the increased demand due to the cold weather, and delivered a record amount of natural gas on its Transco interstate gas pipeline, attributing the achievement to the successful completion of the Pipeline Expansions, which helped increase the capacity by 475,000 dekatherms per day, the company said in a statement.

The stock of Williams Companies, Inc. (NYSE:WMB) has gained around 16% over the past year, trailing a P/E of 43.6x.

Another fund bullish on the stock is Jeffrey Tannenbaum’s Fir Tree, which holds 7.52 million shares of the company, according to its latest 13F.

Corvex Capital, raised its stake in Fidelity National Financial Inc (NYSE:FNF) to 18.2 million shares from 17.4 million shares. While the fund, reduced its stake in ADT Corp (NYSE:ADT), to 361,585 shares by selling 10.24 million shares for a price of $44.01 per share. Earlier, in November end, the fund had trimmed its stake in ADT Corp to 10.6 million shares from 11.2 million shares.

Disclosure: none

Recommended Reading:

Jana Partners Boosts its Exposure to QEP Resources Inc (QEP)

Sandell Asset Management Files Complaint Against Bob Evans Farms Inc (BOBE)

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!