Brinker Capital Inc. raised its stake in Williams Companies Inc (NYSE:WMB) by 289.1% in the first quarter, Holdings Channel reports. The fund owned 42,735 shares of the pipeline company’s stock after purchasing an additional 31,751 shares during the quarter. Brinker Capital Inc.’s holdings in Williams Companies were worth $1,227,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMB. JNBA Financial Advisors raised its holdings in shares of Williams Companies by 68.6% in the fourth quarter. JNBA Financial Advisors now owns 1,180 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 480 shares during the last quarter. Claybrook Capital LLC acquired a new position in shares of Williams Companies in the fourth quarter worth $26,000. JOYN Advisors Inc. raised its holdings in shares of Williams Companies by 57.9% in the fourth quarter. JOYN Advisors Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 463 shares during the last quarter. Oakworth Capital Inc. raised its holdings in shares of Williams Companies by 381.7% in the fourth quarter. Oakworth Capital Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Liberty Wealth Management LLC acquired a new position in shares of Williams Companies in the fourth quarter worth $29,000. 90.19% of the stock is owned by institutional investors.
WMB has been the subject of a number of analyst reports. Zacks Investment Research raised Williams Companies from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Saturday, January 19th. Bank of America set a $30.00 target price on Williams Companies and gave the company a “buy” rating in a research note on Thursday, February 14th. Mizuho set a $32.00 target price on Williams Companies and gave the company a “buy” rating in a research note on Tuesday, March 19th. Barclays upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Wednesday, January 16th. Finally, Evercore ISI began coverage on Williams Companies in a research note on Tuesday, February 5th. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the stock. Williams Companies currently has an average rating of “Buy” and an average target price of $32.33.
Williams Companies stock opened at $28.49 on Monday. The firm has a market capitalization of $34.52 billion, a P/E ratio of 36.06, a price-to-earnings-growth ratio of 4.47 and a beta of 1.73. Williams Companies Inc has a 52 week low of $20.36 and a 52 week high of $32.22. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.40.
Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, February 13th. The pipeline company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03). The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.53 billion. Williams Companies had a negative net margin of 1.78% and a positive return on equity of 4.83%. During the same quarter in the previous year, the company posted $0.36 earnings per share. Research analysts predict that Williams Companies Inc will post 0.98 EPS for the current year.
In other Williams Companies news, Director Kathleen B. Cooper sold 9,615 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $27.39, for a total transaction of $263,354.85. Following the completion of the sale, the director now directly owns 32,272 shares in the company, valued at $883,930.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Walter J. Bennett sold 14,859 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $27.13, for a total value of $403,124.67. Following the sale, the insider now owns 116,881 shares of the company’s stock, valued at $3,170,981.53. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.
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Williams Companies Profile
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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