Cornerstone Wealth Group LLC Purchases 27,118 Shares of The Williams Companies, Inc. (NYSE:WMB)

Cornerstone Wealth Group LLC raised its position in The Williams Companies, Inc. (NYSE:WMB) by 36.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,491 shares of the pipeline company’s stock after buying an additional 27,118 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Williams Companies were worth $4,679,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. SouthState Corp acquired a new stake in Williams Companies during the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. acquired a new position in shares of Williams Companies in the 2nd quarter worth approximately $34,000. Quarry LP acquired a new position in shares of Williams Companies in the 2nd quarter worth approximately $35,000. Fortitude Family Office LLC lifted its position in shares of Williams Companies by 120.8% in the 3rd quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock worth $45,000 after purchasing an additional 545 shares during the period. Finally, Kimelman & Baird LLC acquired a new position in shares of Williams Companies in the 2nd quarter worth approximately $42,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Up 1.3 %

Williams Companies stock opened at $52.51 on Thursday. The stock has a market cap of $64.00 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 5.88 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $52.85. The stock has a fifty day moving average of $47.62 and a 200 day moving average of $43.61.

Williams Companies (NYSE:WMB) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 earnings per share. As a group, sell-side analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Analyst Ratings Changes

WMB has been the subject of several research analyst reports. Royal Bank of Canada lifted their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Seaport Res Ptn lowered shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Morgan Stanley upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $52.00 to $58.00 in a research note on Friday, October 4th. StockNews.com downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, UBS Group boosted their target price on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.