Wealth Enhancement Advisory Services LLC Purchases 22,160 Shares of The Williams Companies, Inc. (NYSE:WMB)

Wealth Enhancement Advisory Services LLC increased its position in The Williams Companies, Inc. (NYSE:WMB) by 11.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 220,101 shares of the pipeline company’s stock after buying an additional 22,160 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Williams Companies were worth $10,048,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. PFG Investments LLC boosted its holdings in shares of Williams Companies by 7.8% during the 3rd quarter. PFG Investments LLC now owns 20,086 shares of the pipeline company’s stock valued at $917,000 after purchasing an additional 1,458 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of Williams Companies by 228.2% during the 3rd quarter. Arkadios Wealth Advisors now owns 20,003 shares of the pipeline company’s stock valued at $913,000 after purchasing an additional 13,909 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Williams Companies by 25.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,021 shares of the pipeline company’s stock valued at $4,020,000 after purchasing an additional 18,102 shares during the last quarter. Parcion Private Wealth LLC bought a new position in shares of Williams Companies during the 3rd quarter valued at about $1,465,000. Finally, Mayfair Advisory Group LLC bought a new position in shares of Williams Companies during the 3rd quarter valued at about $214,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

Williams Companies stock opened at $51.84 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $52.85. The firm has a market capitalization of $63.18 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 5.88 and a beta of 1.05. The company’s 50-day moving average is $47.46 and its 200 day moving average is $43.55.

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

Insider Transactions at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. CIBC increased their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Scotiabank upped their target price on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Citigroup upped their target price on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Barclays upped their target price on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. 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 stock. According to data from MarketBeat, Williams Companies presently has a consensus rating of “Hold” and an average price target of $48.62.

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.