The Williams Companies, Inc. (NYSE:WMB) Shares Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC boosted its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,625 shares of the pipeline company’s stock after buying an additional 388 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Williams Companies were worth $1,215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SouthState Corp acquired a new position in Williams Companies during the second quarter worth $31,000. GHP Investment Advisors Inc. purchased a new position in Williams Companies during the 2nd quarter valued at about $34,000. Quarry LP purchased a new stake in Williams Companies during the second quarter worth about $35,000. Fortitude Family Office LLC lifted its position in shares of Williams Companies by 120.8% during the third quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock worth $45,000 after purchasing an additional 545 shares in the last quarter. Finally, Kimelman & Baird LLC purchased a new position in shares of Williams Companies in the second quarter valued at approximately $42,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 transaction of $90,580.00. Following the completion of the sale, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.44% of the stock is owned by insiders.

Williams Companies Trading Down 0.9 %

Shares of WMB stock opened at $51.84 on Wednesday. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $52.85. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The business’s 50 day moving average is $47.46 and its two-hundred day moving average is $43.55. The company 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.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the company earned $0.42 EPS. The firm’s revenue was down 5.9% on a year-over-year basis. Equities analysts forecast that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Wall Street Analyst Weigh In

WMB has been the topic of several recent research reports. Bank of America began coverage on shares of Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 target price on the stock. Seaport Res Ptn lowered Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Citigroup increased their price target on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Royal Bank of Canada upped their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $52.00 to $58.00 in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.