Perella Weinberg Partners Capital Management LP boosted its stake in shares of Williams Companies Inc (NYSE:WMB) by 170.9% during the third quarter, Holdings Channel reports. The institutional investor owned 1,021,448 shares of the pipeline company’s stock after purchasing an additional 644,345 shares during the quarter. Williams Companies accounts for 1.3% of Perella Weinberg Partners Capital Management LP’s investment portfolio, making the stock its 23rd largest position. Perella Weinberg Partners Capital Management LP’s holdings in Williams Companies were worth $27,773,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its stake in Williams Companies by 764.2% during the second quarter. Marshall Wace LLP now owns 166,746 shares of the pipeline company’s stock worth $4,520,000 after buying an additional 147,452 shares during the last quarter. Tredje AP fonden raised its position in Williams Companies by 97.9% in the second quarter. Tredje AP fonden now owns 307,565 shares of the pipeline company’s stock valued at $8,338,000 after purchasing an additional 152,119 shares during the period. Botty Investors LLC raised its position in Williams Companies by 104.6% in the third quarter. Botty Investors LLC now owns 58,831 shares of the pipeline company’s stock valued at $1,600,000 after purchasing an additional 30,077 shares during the period. Linscomb & Williams Inc. purchased a new stake in Williams Companies in the second quarter valued at $3,708,000. Finally, Swiss National Bank raised its position in Williams Companies by 3.1% in the second quarter. Swiss National Bank now owns 2,735,241 shares of the pipeline company’s stock valued at $74,152,000 after purchasing an additional 82,700 shares during the period. 87.79% of the stock is currently owned by institutional investors.
Shares of NYSE WMB opened at $25.75 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.38. Williams Companies Inc has a 1-year low of $23.54 and a 1-year high of $33.67. The stock has a market cap of $20.04 billion, a price-to-earnings ratio of 40.87, a P/E/G ratio of 4.15 and a beta of 1.53.
Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Williams Companies had a return on equity of 3.82% and a net margin of 24.19%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the business earned $0.04 EPS. On average, research analysts expect that Williams Companies Inc will post 0.78 earnings per share for the current fiscal year.
In other Williams Companies news, VP Ted T. Timmermans sold 20,267 shares of the company’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $32.00, for a total transaction of $648,544.00. Following the sale, the vice president now owns 9,955 shares in the company, valued at approximately $318,560. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Frank J. Ferazzi sold 1,100 shares of the company’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $31.31, for a total value of $34,441.00. Following the sale, the senior vice president now owns 15,037 shares in the company, valued at approximately $470,808.47. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.
A number of research firms have commented on WMB. Stifel Nicolaus began coverage on Williams Companies in a research report on Tuesday, August 7th. They issued a “buy” rating and a $35.00 target price on the stock. Seaport Global Securities assumed coverage on Williams Companies in a research report on Friday, October 19th. They issued a “buy” rating and a $31.00 target price on the stock. Zacks Investment Research downgraded Williams Companies from a “hold” rating to a “sell” rating in a report on Monday, July 23rd. US Capital Advisors reiterated a “buy” rating on shares of Williams Companies in a report on Tuesday, July 17th. Finally, Morgan Stanley set a $35.00 price objective on Williams Companies and gave the company an “overweight” rating in a report on Thursday, August 16th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target 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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