State Board of Administration of Florida Retirement System raised its stake in Williams Companies Inc (NYSE:WMB) by 29.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,430,262 shares of the pipeline company’s stock after purchasing an additional 322,057 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.17% of Williams Companies worth $38,889,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bray Capital Advisors boosted its holdings in shares of Williams Companies by 100.0% in the 2nd quarter. Bray Capital Advisors now owns 4,000 shares of the pipeline company’s stock valued at $108,000 after purchasing an additional 2,000 shares during the last quarter. Arrow Financial Corp acquired a new position in shares of Williams Companies in the 2nd quarter valued at $113,000. Squar Milner Financial Services LLC boosted its holdings in shares of Williams Companies by 152.6% in the 3rd quarter. Squar Milner Financial Services LLC now owns 4,206 shares of the pipeline company’s stock valued at $114,000 after purchasing an additional 2,541 shares during the last quarter. Centaurus Financial Inc. acquired a new position in shares of Williams Companies in the 2nd quarter valued at $127,000. Finally, Avestar Capital LLC boosted its holdings in shares of Williams Companies by 235.3% in the 3rd quarter. Avestar Capital LLC now owns 4,822 shares of the pipeline company’s stock valued at $127,000 after purchasing an additional 3,384 shares during the last quarter. Institutional investors own 88.44% of the company’s stock.
In other Williams Companies news, insider John D. Chandler bought 10,000 shares of the business’s stock in a transaction dated Friday, November 2nd. The shares were acquired 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 in the company, valued at approximately $689,537.08. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Terrance Lane Wilson bought 1,000 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was acquired at an average cost of $25.75 per share, for a total transaction of $25,750.00. Following the purchase, the senior vice president now owns 17,844 shares in the company, valued at approximately $459,483. The disclosure for this purchase can be found here. In the last three months, insiders bought 36,000 shares of company stock worth $929,400. Insiders own 0.50% of the company’s stock.
Shares of WMB stock opened at $25.58 on Monday. 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 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $21.18 billion, a PE ratio of 40.60, a price-to-earnings-growth ratio of 4.39 and a beta of 1.57.
Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, October 31st. The pipeline company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. Williams Companies had a net margin of 24.15% and a return on equity of 4.44%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the firm posted $0.04 EPS. On average, equities analysts expect that Williams Companies Inc will post 0.78 earnings per share for the current year.
WMB has been the topic of a number of research analyst reports. Bank of America reiterated a “buy” rating on shares of Williams Companies in a report on Tuesday, August 21st. US Capital Advisors reiterated a “buy” rating on shares of Williams Companies in a report on Tuesday, July 17th. UBS Group lifted their price target on shares of Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, August 10th. Stifel Nicolaus initiated coverage on shares of Williams Companies in a report on Tuesday, August 7th. They issued a “buy” rating and a $35.00 price target on the stock. Finally, Seaport Global Securities initiated coverage on shares of Williams Companies in a report on Friday, October 19th. They issued a “buy” rating and a $31.00 price target 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 presently has an average rating of “Buy” and an average price target of $33.07.
Williams Companies Company Profile
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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