The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by IRON Financial LLC

IRON Financial LLC increased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 210.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,616 shares of the pipeline company’s stock after buying an additional 11,258 shares during the quarter. IRON Financial LLC’s holdings in Williams Companies were worth $759,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CVA Family Office LLC increased its position in shares of Williams Companies by 18.7% in the third quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company’s stock valued at $72,000 after buying an additional 249 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 252 shares during the period. J.W. Cole Advisors Inc. increased its holdings in Williams Companies by 2.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock worth $395,000 after acquiring an additional 257 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in Williams Companies by 0.8% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,206 shares of the pipeline company’s stock worth $1,326,000 after acquiring an additional 260 shares during the period. Finally, Everett Harris & Co. CA raised its position in Williams Companies by 1.8% during the first quarter. Everett Harris & Co. CA now owns 15,175 shares of the pipeline company’s stock worth $591,000 after acquiring an additional 275 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Trading Down 0.1 %

Shares of WMB traded down $0.05 during mid-day trading on Thursday, reaching $52.44. The stock had a trading volume of 1,425,861 shares, compared to its average volume of 6,226,663. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $52.85. The firm has a market cap of $63.91 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 5.88 and a beta of 1.05. The business’s fifty day moving average is $47.62 and its 200 day moving average is $43.61. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 EPS. On average, sell-side analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the transaction, the senior vice president now owns 304,200 shares of the company’s stock, valued at $13,777,218. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.44% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WMB. UBS Group boosted their target price on shares of Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Seaport Res Ptn lowered Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Royal Bank of Canada raised their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Scotiabank boosted their price target on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. Finally, Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $52.00 to $58.00 in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Williams Companies presently has a consensus rating of “Hold” and an average target price of $48.62.

Williams Companies Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.