Williams Companies Inc (NYSE:WMB) insider John D. Chandler bought 10,000 shares of Williams Companies stock in a transaction that occurred on Friday, November 2nd. The stock was bought at an average price of $25.94 per share, with a total value of $259,400.00. Following the purchase, the insider now owns 26,582 shares of the company’s stock, valued at approximately $689,537.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NYSE:WMB traded down $0.15 during trading on Friday, reaching $25.60. The stock had a trading volume of 9,549,340 shares, compared to its average volume of 9,638,202. Williams Companies Inc has a 52 week low of $23.54 and a 52 week high of $33.67. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $20.04 billion, a P/E ratio of 40.63, a price-to-earnings-growth ratio of 4.15 and a beta of 1.53.
Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. Williams Companies had a net margin of 24.19% and a return on equity of 3.82%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the company posted $0.04 earnings per share. As a group, analysts forecast that Williams Companies Inc will post 0.78 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of WMB. Chickasaw Capital Management LLC raised its stake in shares of Williams Companies by 37.3% in the third quarter. Chickasaw Capital Management LLC now owns 13,919,422 shares of the pipeline company’s stock valued at $378,469,000 after acquiring an additional 3,785,114 shares during the last quarter. Hamlin Capital Management LLC bought a new position in shares of Williams Companies in the second quarter valued at approximately $80,810,000. AGF Investments Inc. raised its stake in shares of Williams Companies by 227.7% in the second quarter. AGF Investments Inc. now owns 3,574,532 shares of the pipeline company’s stock valued at $96,906,000 after acquiring an additional 2,483,903 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in shares of Williams Companies by 16.4% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 16,823,579 shares of the pipeline company’s stock valued at $456,087,000 after acquiring an additional 2,375,456 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Williams Companies by 281.1% in the third quarter. Russell Investments Group Ltd. now owns 2,863,021 shares of the pipeline company’s stock valued at $77,891,000 after acquiring an additional 2,111,827 shares during the last quarter. Institutional investors own 87.79% of the company’s stock.
Several equities research analysts recently weighed in on the stock. UBS Group increased their target price on shares of Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Stifel Nicolaus assumed coverage on shares of Williams Companies in a research note on Tuesday, August 7th. They issued a “buy” rating and a $35.00 target price for the company. Bank of America reiterated a “buy” rating on shares of Williams Companies in a research note on Tuesday, August 21st. US Capital Advisors cut shares of Williams Companies from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research note on Friday, August 24th. Finally, Morgan Stanley set a $35.00 price target on shares of Williams Companies and gave the stock an “overweight” rating in a research note on Thursday, August 16th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Williams Companies currently has an average rating of “Buy” and a consensus 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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