Williams Companies Inc (NYSE:WMB) Director Michael A. Creel purchased 25,000 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was acquired at an average price of $25.77 per share, with a total value of $644,250.00. Following the completion of the transaction, the director now owns 20,907 shares in the company, valued at approximately $538,773.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
NYSE WMB traded down $0.15 on Friday, hitting $25.60. 9,549,340 shares of the company were exchanged, compared to its average volume of 9,638,202. The firm has a market cap of $20.04 billion, a PE ratio of 40.63, a P/E/G ratio of 4.15 and a beta of 1.53. Williams Companies Inc has a 12 month low of $23.54 and a 12 month high of $33.67. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.38.
Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.16 billion. Williams Companies had a net margin of 24.19% and a return on equity of 3.82%. During the same period in the prior year, the firm earned $0.04 earnings per share. On average, equities analysts predict that Williams Companies Inc will post 0.78 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Daiwa Securities Group Inc. boosted its stake in Williams Companies by 6.7% during the second quarter. Daiwa Securities Group Inc. now owns 28,648 shares of the pipeline company’s stock worth $777,000 after acquiring an additional 1,790 shares in the last quarter. Arrow Financial Corp lifted its stake in shares of Williams Companies by 45.0% in the third quarter. Arrow Financial Corp now owns 6,071 shares of the pipeline company’s stock valued at $165,000 after buying an additional 1,884 shares in the last quarter. First Allied Advisory Services Inc. lifted its stake in shares of Williams Companies by 9.3% in the second quarter. First Allied Advisory Services Inc. now owns 23,454 shares of the pipeline company’s stock valued at $642,000 after buying an additional 1,988 shares in the last quarter. Bray Capital Advisors lifted its stake in shares of Williams Companies by 100.0% in the second quarter. Bray Capital Advisors now owns 4,000 shares of the pipeline company’s stock valued at $108,000 after buying an additional 2,000 shares in the last quarter. Finally, Parkwood LLC lifted its stake in shares of Williams Companies by 11.3% in the second quarter. Parkwood LLC now owns 20,417 shares of the pipeline company’s stock valued at $554,000 after buying an additional 2,078 shares in the last quarter. 87.79% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on WMB shares. Bank of America reaffirmed a “buy” rating on shares of Williams Companies in a research note on Tuesday, August 21st. Zacks Investment Research lowered shares of Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 27th. Wells Fargo & Co reduced their price objective on shares of Williams Companies from $35.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, September 13th. Stifel Nicolaus started coverage on shares of Williams Companies in a research note on Tuesday, August 7th. They issued a “buy” rating and a $35.00 price objective on the stock. Finally, Seaport Global Securities started coverage on shares of Williams Companies in a research note on Friday, October 19th. They issued a “buy” rating and a $31.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $33.07.
About Williams Companies
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.
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