J.W. Cole Advisors Inc. Buys 939 Shares of The Williams Companies, Inc. (NYSE:WMB)

J.W. Cole Advisors Inc. raised its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 10.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,237 shares of the pipeline company’s stock after acquiring an additional 939 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Williams Companies were worth $467,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of WMB. SouthState Corp acquired a new stake in shares of Williams Companies in the 2nd quarter worth $31,000. GHP Investment Advisors Inc. acquired a new stake in shares of Williams Companies in the 2nd quarter worth $34,000. Quarry LP acquired a new stake in shares of Williams Companies in the 2nd quarter worth $35,000. Kimelman & Baird LLC acquired a new stake in shares of Williams Companies in the 2nd quarter worth $42,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Williams Companies in the 3rd quarter worth $52,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

NYSE WMB opened at $52.51 on Thursday. The stock has a 50-day simple moving average of $47.62 and a two-hundred day simple moving average of $43.61. The firm has a market capitalization of $64.00 billion, a P/E ratio of 22.54, a PEG ratio of 5.88 and a beta of 1.05. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $52.85. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the business earned $0.42 EPS. Williams Companies’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, equities analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the transaction, the senior vice president now owns 304,200 shares in the company, valued at $13,777,218. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on WMB shares. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. Barclays raised their price objective on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. UBS Group lifted their price target on Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Royal Bank of Canada lifted their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, CIBC lifted their price target on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $48.62.

Williams Companies 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.