Advisory Services Network LLC lifted its holdings in shares of Williams Companies Inc (NYSE:WMB) by 13.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,723 shares of the pipeline company’s stock after acquiring an additional 3,116 shares during the period. Advisory Services Network LLC’s holdings in Williams Companies were worth $784,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Segall Bryant & Hamill LLC grew its position in shares of Williams Companies by 19.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 10,986 shares of the pipeline company’s stock worth $330,000 after buying an additional 1,791 shares during the period. Brown Advisory Inc. grew its holdings in Williams Companies by 2.3% during the third quarter. Brown Advisory Inc. now owns 81,715 shares of the pipeline company’s stock valued at $2,452,000 after purchasing an additional 1,811 shares during the period. Nordea Investment Management AB grew its holdings in Williams Companies by 4.5% during the third quarter. Nordea Investment Management AB now owns 42,133 shares of the pipeline company’s stock valued at $1,264,000 after purchasing an additional 1,833 shares during the period. ARGI Investment Services LLC grew its holdings in Williams Companies by 7.1% during the third quarter. ARGI Investment Services LLC now owns 28,727 shares of the pipeline company’s stock valued at $862,000 after purchasing an additional 1,898 shares during the period. Finally, Relative Value Partners Group LLC grew its holdings in Williams Companies by 4.4% during the third quarter. Relative Value Partners Group LLC now owns 45,655 shares of the pipeline company’s stock valued at $1,370,000 after purchasing an additional 1,927 shares during the period. Institutional investors own 84.56% of the company’s stock.
A number of research analysts recently issued reports on WMB shares. Royal Bank of Canada restated a “buy” rating and set a $38.00 price objective on shares of Williams Companies in a report on Tuesday, January 16th. Jefferies Group restated a “buy” rating and set a $37.00 price objective on shares of Williams Companies in a report on Friday, January 12th. Bank of America started coverage on shares of Williams Companies in a report on Tuesday, January 9th. They set a “buy” rating for the company. Barclays cut shares of Williams Companies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $36.00 to $35.00 in a report on Wednesday, January 17th. Finally, Scotiabank restated a “hold” rating and set a $36.00 price objective on shares of Williams Companies in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Williams Companies has a consensus rating of “Buy” and a consensus price target of $35.20.
In other news, insider James E. Scheel sold 26,915 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $33.00, for a total value of $888,195.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is owned by corporate insiders.
Williams Companies Inc (NYSE:WMB) opened at $28.91 on Monday. The firm has a market cap of $23,900.00, a P/E ratio of 50.72, a PEG ratio of 2.42 and a beta of 1.32. Williams Companies Inc has a 1-year low of $26.82 and a 1-year high of $33.67. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 1.38.
Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Williams Companies had a net margin of 27.07% and a return on equity of 3.44%. During the same quarter in the prior year, the company earned ($0.02) earnings per share. sell-side analysts expect that Williams Companies Inc will post 0.92 EPS for the current fiscal year.
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About Williams Companies
The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.
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