Asset Management One Co. Ltd. Has $24.95 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

Asset Management One Co. Ltd. grew its holdings in The Williams Companies, Inc. (NYSE:WMB) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 546,481 shares of the pipeline company’s stock after purchasing an additional 6,140 shares during the period. Asset Management One Co. Ltd.’s holdings in Williams Companies were worth $24,947,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. SouthState Corp purchased a new stake in Williams Companies in the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. acquired a new stake in Williams Companies during the second quarter valued at $34,000. Rosenberg Matthew Hamilton grew its stake in Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares in the last quarter. Quarry LP acquired a new position in Williams Companies in the 2nd quarter worth about $35,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Williams Companies during the 2nd quarter worth about $42,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 completion of the transaction, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.44% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WMB. Barclays increased their price objective on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Royal Bank of Canada boosted their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. UBS Group boosted their target price on Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. CIBC increased their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Bank of America assumed coverage on shares of Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective for the company. One equities research 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $49.62.

Williams Companies Trading Up 1.1 %

Shares of WMB stock opened at $52.14 on Tuesday. The firm has a fifty day moving average of $48.04 and a 200-day moving average of $43.96. The stock has a market cap of $63.55 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of 5.78 and a beta of 1.03. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $52.85. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. On average, equities research analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

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.