Asset Management One Co. Ltd. reduced its stake in The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 2.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 641,497 shares of the pipeline company’s stock after selling 14,365 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Williams Companies were worth $18,366,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in WMB. Total Clarity Wealth Management Inc. bought a new stake in Williams Companies in the 2nd quarter valued at $26,000. Jones Financial Companies Lllp acquired a new stake in Williams Companies in the 2nd quarter valued at $29,000. Salem Investment Counselors Inc. increased its stake in Williams Companies by 52.5% in the 2nd quarter. Salem Investment Counselors Inc. now owns 915 shares of the pipeline company’s stock valued at $29,000 after buying an additional 315 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in Williams Companies by 128.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 958 shares of the pipeline company’s stock valued at $30,000 after buying an additional 539 shares during the last quarter. Finally, Asset Dedication LLC acquired a new stake in Williams Companies in the 3rd quarter valued at $30,000. 85.38% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Barclays lowered shares of Williams Companies from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $35.00 to $37.00 in a research note on Wednesday, January 18th. They noted that the move was a valuation call. Wells Fargo & Company lowered shares of Williams Companies from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $39.00 to $37.00 in a research note on Friday, December 16th. Morgan Stanley boosted their price objective on shares of Williams Companies from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, January 9th. Mizuho lowered their price objective on shares of Williams Companies from $40.00 to $39.00 in a research note on Friday, December 16th. Finally, Citigroup initiated coverage on shares of Williams Companies in a report on Thursday, December 8th. They set a “neutral” rating and a $36.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $37.09.
Insider Transactions at Williams Companies
Williams Companies Stock Performance
NYSE WMB opened at $31.44 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $38.30 billion, a P/E ratio of 19.17, a P/E/G ratio of 4.96 and a beta of 1.20. The Williams Companies, Inc. has a 12-month low of $27.77 and a 12-month high of $37.97. The firm has a 50-day moving average price of $33.05 and a two-hundred day moving average price of $32.62.
Williams Companies (NYSE:WMB – Get Rating) last posted its quarterly earnings data on Monday, October 31st. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.87 billion. Williams Companies had a net margin of 17.72% and a return on equity of 14.73%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. Analysts anticipate that The Williams Companies, Inc. will post 1.62 earnings per share for the current year.
About Williams Companies
The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico, Northeast G&P, and West. The Transmission and Gulf of Mexico segment consists of interstate natural gas pipelines, the Transco and Northwest Pipelines, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.
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