Sheaff Brock Investment Advisors LLC cut its stake in shares of Williams Companies Inc (NYSE:WMB) by 13.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,379 shares of the pipeline company’s stock after selling 1,986 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Williams Companies were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in WMB. Truvestments Capital LLC lifted its position in shares of Williams Companies by 360.6% during the 2nd quarter. Truvestments Capital LLC now owns 958 shares of the pipeline company’s stock valued at $27,000 after acquiring an additional 750 shares during the period. Trustcore Financial Services LLC acquired a new position in shares of Williams Companies during the 1st quarter valued at $29,000. Cornerstone Advisors Inc. lifted its position in shares of Williams Companies by 75.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 1,302 shares of the pipeline company’s stock valued at $37,000 after acquiring an additional 562 shares during the period. Hanson McClain Inc. increased its stake in Williams Companies by 100.0% during the 1st quarter. Hanson McClain Inc. now owns 1,500 shares of the pipeline company’s stock valued at $43,000 after purchasing an additional 750 shares in the last quarter. Finally, NuWave Investment Management LLC increased its stake in Williams Companies by 1,679.2% during the 2nd quarter. NuWave Investment Management LLC now owns 1,708 shares of the pipeline company’s stock valued at $48,000 after purchasing an additional 1,612 shares in the last quarter. 88.23% of the stock is currently owned by institutional investors.
A number of analysts have commented on the stock. Raymond James upgraded shares of Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research note on Wednesday, June 26th. They noted that the move was a valuation call. Credit Suisse Group decreased their price target on shares of Williams Companies from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Argus lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Barclays reiterated a “buy” rating and issued a $32.00 target price on shares of Williams Companies in a research note on Thursday, July 18th. Finally, Stifel Nicolaus reduced their target price on shares of Williams Companies from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $30.36.
WMB traded down $0.05 during trading on Thursday, hitting $23.06. 57,387 shares of the company traded hands, compared to its average volume of 10,114,697. The firm has a market capitalization of $27.92 billion, a price-to-earnings ratio of 29.16, a P/E/G ratio of 3.79 and a beta of 1.56. The firm’s fifty day moving average price is $26.60. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 1.22. Williams Companies Inc has a one year low of $20.36 and a one year high of $31.05.
Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.13 billion. Williams Companies had a net margin of 0.73% and a return on equity of 6.46%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, research analysts anticipate that Williams Companies Inc will post 0.96 earnings per share for the current fiscal year.
In related news, Director Stephen I. Chazen purchased 10,000 shares of Williams Companies stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average price of $27.33 per share, for a total transaction of $273,300.00. Following the completion of the transaction, the director now owns 45,730 shares in the company, valued at $1,249,800.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Terrance Lane Wilson purchased 4,000 shares of Williams Companies stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $23.60 per share, with a total value of $94,400.00. Following the transaction, the senior vice president now owns 43,726 shares of the company’s stock, valued at approximately $1,031,933.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 34,000 shares of company stock valued at $839,400. 0.26% of the stock is owned by company insiders.
Williams Companies Profile
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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