The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its stake in The Williams Companies, Inc. (NYSE:WMB) by 2.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 166,000 shares of the pipeline company’s stock after selling 4,073 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Williams Companies were worth $8,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund acquired a new stake in Williams Companies in the fourth quarter worth $720,000. Foundations Investment Advisors LLC increased its position in Williams Companies by 13.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock worth $8,811,000 after buying an additional 19,782 shares during the period. Golden State Equity Partners increased its position in Williams Companies by 319.9% in the fourth quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock worth $651,000 after buying an additional 9,171 shares during the period. Cornerstone Wealth Group LLC increased its holdings in shares of Williams Companies by 81.4% during the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock valued at $10,062,000 after purchasing an additional 83,429 shares during the period. Finally, Myriad Asset Management US LP acquired a new position in shares of Williams Companies during the fourth quarter valued at $995,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays raised their price target on Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Royal Bank of Canada raised their price target on Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Scotiabank raised their price target on Williams Companies from $51.00 to $53.00 and gave the company a “sector perform” rating in a report on Thursday, March 6th. Citigroup raised their price target on Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Truist Financial raised their target price on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.77.

Williams Companies Trading Up 1.1 %

NYSE:WMB opened at $59.70 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 1-year low of $37.69 and a 1-year high of $61.67. The firm has a market capitalization of $72.80 billion, a price-to-earnings ratio of 32.62, a price-to-earnings-growth ratio of 5.01 and a beta of 0.87. The stock has a fifty day simple moving average of $57.62 and a 200 day simple moving average of $56.29.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. Sell-side analysts forecast that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 8,896 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total value of $511,520.00. Following the transaction, the chief accounting officer now owns 22,339 shares in the company, valued at approximately $1,284,492.50. This represents a 28.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Chad A. Teply sold 26,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the completion of the transaction, the senior vice president now owns 133,048 shares in the company, valued at approximately $7,511,890.08. This represents a 16.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,583 shares of company stock worth $7,563,278. 0.44% of the stock is currently owned by company insiders.

Williams Companies Company Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.