Top 5 Losers Today

In this article, we discuss the 5 top losers of this morning. If you want to see some more companies losing value today, go directly to Top 10 Losers Today.

5. The Williams Companies, Inc. (NYSE:WMB)

Number of Hedge Fund Holders: 38

Shares of The Williams Companies, Inc. (NYSE:WMB) dropped over four percent after the opening bell on Tuesday after the energy company posted mixed financial results for the second quarter.

The Williams Companies, Inc. (NYSE:WMB) earned 40 cents per share on an adjusted basis, topping the expectations of 37 cents per share. However, the quarterly revenue of $2.49 billion missed the consensus of $2.72 billion. The Williams Companies, Inc. (NYSE:WMB) had posted adjusted earnings of 27 cents per share on revenue of $2.28 billion for the comparable period of 2021.

Separately, The Williams Companies, Inc. (NYSE:WMB) also appeared in the first-quarter 2022 investor letter of Memphis-based Longleaf Partners Fund. The letter stated:

“Williams – Williams similarly benefitted from the positive natural gas tailwinds in the quarter. We scaled back our position on the back of strong performance but remain confident in the business. Its infrastructure positions Williams to be an important part of the renewable energy transition in the US through joint projects with the likes of Orsted in wind and other alternative energy solutions.”