Telemus Capital LLC boosted its stake in Williams Companies Inc (NYSE:WMB) by 293.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,066 shares of the pipeline company’s stock after acquiring an additional 38,096 shares during the period. Telemus Capital LLC’s holdings in Williams Companies were worth $1,388,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in WMB. Marshall Wace LLP increased its stake in Williams Companies by 764.2% in the second quarter. Marshall Wace LLP now owns 166,746 shares of the pipeline company’s stock valued at $4,520,000 after purchasing an additional 147,452 shares during the period. Tredje AP fonden increased its stake 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. Linscomb & Williams Inc. acquired a new position in Williams Companies in the second quarter valued at $3,708,000. Swiss National Bank increased its stake 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. Finally, Argent Trust Co acquired a new position in Williams Companies in the second quarter valued at $1,320,000. 88.44% of the stock is owned by hedge funds and other institutional investors.
In other Williams Companies news, insider Chad J. Zamarin purchased 2,500 shares of Williams Companies stock in a transaction on Tuesday, November 6th. The shares were bought at an average price of $25.69 per share, with a total value of $64,225.00. Following the completion of the acquisition, the insider now directly owns 28,970 shares of the company’s stock, valued at $744,239.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael A. Creel purchased 25,000 shares of Williams Companies stock in a transaction on Friday, November 2nd. The stock was acquired at an average cost of $25.77 per share, for a total transaction of $644,250.00. Following the acquisition, the director now directly owns 20,907 shares of the company’s stock, valued at $538,773.39. The disclosure for this purchase can be found here. Insiders have acquired 38,500 shares of company stock worth $993,625 over the last 90 days. 0.50% of the stock is currently owned by company insiders.
WMB has been the topic of a number of recent analyst reports. US Capital Advisors reiterated a “buy” rating on shares of Williams Companies in a research note on Tuesday, July 17th. ValuEngine upgraded shares of Williams Companies from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Zacks Investment Research lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 23rd. Stifel Nicolaus initiated coverage on shares of Williams Companies in a research note on Tuesday, August 7th. They set a “buy” rating and a $35.00 price target on the stock. Finally, UBS Group boosted their price target on shares of Williams Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $33.07.
Shares of WMB opened at $26.48 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.27. Williams Companies Inc has a twelve month low of $23.54 and a twelve month high of $33.67. The stock has a market cap of $21.18 billion, a price-to-earnings ratio of 42.03, a P/E/G 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 earnings per share for the quarter, topping the 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 company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the business posted $0.04 earnings per share. Equities analysts anticipate that Williams Companies Inc will post 0.79 EPS for the current year.
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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