Steward Partners Investment Advisory LLC Raises Position in Williams Companies Inc (WMB)

Steward Partners Investment Advisory LLC boosted its position in shares of Williams Companies Inc (NYSE:WMB) by 237.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 23,301 shares of the pipeline company’s stock after buying an additional 16,388 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Williams Companies were worth $634,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Avestar Capital LLC increased its stake in Williams Companies by 235.3% during the third quarter. Avestar Capital LLC now owns 4,822 shares of the pipeline company’s stock valued at $127,000 after acquiring an additional 3,384 shares during the period. Xact Kapitalforvaltning AB increased its stake in Williams Companies by 35.6% during the third quarter. Xact Kapitalforvaltning AB now owns 125,156 shares of the pipeline company’s stock valued at $3,403,000 after acquiring an additional 32,889 shares during the period. Telemus Capital LLC increased its stake in Williams Companies by 293.7% during the third quarter. Telemus Capital LLC now owns 51,066 shares of the pipeline company’s stock valued at $1,388,000 after acquiring an additional 38,096 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in Williams Companies by 281.5% during the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 88,908 shares of the pipeline company’s stock valued at $2,411,000 after acquiring an additional 65,604 shares during the period. Finally, NuWave Investment Management LLC increased its stake in Williams Companies by 89.1% during the third quarter. NuWave Investment Management LLC now owns 19,390 shares of the pipeline company’s stock valued at $527,000 after acquiring an additional 9,136 shares during the period. Hedge funds and other institutional investors own 87.79% of the company’s stock.

NYSE:WMB opened at $24.03 on Tuesday. Williams Companies Inc has a 52-week low of $23.76 and a 52-week high of $33.67. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.71 and a current ratio of 0.79. The firm has a market cap of $20.14 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 4.13 and a beta of 1.53.



Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, August 1st. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Williams Companies had a return on equity of 3.82% and a net margin of 24.19%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the company posted $0.13 EPS. On average, analysts expect that Williams Companies Inc will post 0.79 earnings per share for the current year.

Several equities analysts recently issued reports on the company. Seaport Global Securities assumed coverage on Williams Companies in a research note on Friday, October 19th. They set a “buy” rating and a $31.00 price target on the stock. Zacks Investment Research upgraded Williams Companies from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 18th. US Capital Advisors upgraded Williams Companies from a “hold” rating to an “overweight” rating in a research note on Wednesday, October 17th. Credit Suisse Group assumed coverage on Williams Companies in a research note on Thursday, October 11th. They set an “outperform” rating and a $35.00 price target on the stock. Finally, Goldman Sachs Group assumed coverage on Williams Companies in a research note on Monday, October 8th. They set a “neutral” rating and a $26.00 price target on the stock. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $33.07.

In other Williams Companies news, SVP Frank J. Ferazzi sold 1,100 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $31.31, for a total transaction of $34,441.00. Following the transaction, the senior vice president now owns 15,037 shares of the company’s stock, valued at approximately $470,808.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Ted T. Timmermans sold 20,267 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $32.00, for a total value of $648,544.00. Following the transaction, the vice president now directly owns 9,955 shares in the company, valued at approximately $318,560. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Williams Companies 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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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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