Tower Wealth Partners Inc. Takes $201,000 Position in The Williams Companies, Inc. (NYSE:WMB)

Tower Wealth Partners Inc. acquired a new position in The Williams Companies, Inc. (NYSE:WMB) in the third quarter, HoldingsChannel.com reports. The firm acquired 4,400 shares of the pipeline company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WMB. SouthState Corp purchased a new position in shares of Williams Companies in the second quarter worth $31,000. Rosenberg Matthew Hamilton increased its holdings in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after buying an additional 252 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in Williams Companies in the 2nd quarter worth about $34,000. Quarry LP bought a new position in Williams Companies during the 2nd quarter valued at about $35,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of Williams Companies by 120.8% during the 3rd quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock valued at $45,000 after acquiring an additional 545 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WMB shares. Royal Bank of Canada increased their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $52.00 to $58.00 in a research note on Friday, October 4th. Barclays upped their price objective on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, CIBC upped their price target on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $48.62.

Williams Companies Stock Down 1.5 %

Shares of WMB stock opened at $51.56 on Friday. The company has a market capitalization of $62.84 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 5.87 and a beta of 1.03. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The company’s fifty day moving average price is $47.90 and its 200-day moving average price is $43.77. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $52.85.

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

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.44% of the company’s stock.

Williams Companies Company 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.