Williams Companies Inc (WMB) Short Interest Update

Williams Companies Inc (NYSE:WMB) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 29,323,197 shares, a decrease of 10.4% from the September 28th total of 32,729,290 shares. Based on an average daily trading volume, of 9,447,398 shares, the days-to-cover ratio is presently 3.1 days. Currently, 2.4% of the company’s stock are sold short.

Williams Companies stock opened at $25.75 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.79 and a quick ratio of 0.71. Williams Companies has a one year low of $23.54 and a one year high of $33.67. The stock has a market capitalization of $20.04 billion, a price-to-earnings ratio of 40.87, a price-to-earnings-growth ratio of 4.15 and a beta of 1.53.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the business posted $0.04 earnings per share. As a group, equities analysts predict that Williams Companies will post 0.78 earnings per share for the current year.

In related news, VP Ted T. Timmermans sold 20,267 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $32.00, for a total transaction of $648,544.00. Following the completion of the sale, the vice president now directly owns 9,955 shares in the company, valued at approximately $318,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Frank J. Ferazzi sold 1,100 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $470,808.47. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. raised its stake in Williams Companies by 52.4% in the third quarter. Daiwa Securities Group Inc. now owns 43,648 shares of the pipeline company’s stock valued at $1,187,000 after buying an additional 15,000 shares during the last quarter. Comerica Bank raised its stake in Williams Companies by 12.3% in the third quarter. Comerica Bank now owns 335,379 shares of the pipeline company’s stock valued at $8,687,000 after buying an additional 36,710 shares during the last quarter. Private Advisor Group LLC raised its stake in Williams Companies by 29.7% in the third quarter. Private Advisor Group LLC now owns 64,021 shares of the pipeline company’s stock valued at $1,741,000 after buying an additional 14,675 shares during the last quarter. Summit X LLC purchased a new stake in Williams Companies in the third quarter valued at about $450,000. Finally, Synovus Financial Corp raised its stake in Williams Companies by 138.7% in the third quarter. Synovus Financial Corp now owns 5,551 shares of the pipeline company’s stock valued at $150,000 after buying an additional 3,225 shares during the last quarter. Institutional investors own 87.79% of the company’s stock.

WMB has been the subject of a number of analyst reports. Bank of America restated a “buy” rating on shares of Williams Companies in a research note on Tuesday, August 21st. Zacks Investment Research cut Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 27th. Wells Fargo & Co decreased their price objective on Williams Companies from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, September 13th. Stifel Nicolaus initiated coverage on Williams Companies in a research note on Tuesday, August 7th. They set a “buy” rating and a $35.00 price objective for the company. Finally, Seaport Global Securities initiated coverage on Williams Companies in a research note on Friday, October 19th. They set a “buy” rating and a $31.00 price objective for the company. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average 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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