Marco Investment Management LLC Invests $212,000 in Williams Companies, Inc. (The) (NYSE:WMB)

Marco Investment Management LLC acquired a new position in shares of Williams Companies, Inc. (The) (NYSE:WMB) during the first quarter, Holdings Channel reports. The fund acquired 3,553 shares of the pipeline company’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMB. Menard Financial Group LLC bought a new position in shares of Williams Companies during the 4th quarter worth about $26,000. HWG Holdings LP bought a new position in shares of Williams Companies during the 1st quarter worth about $26,000. Hoey Investments Inc. bought a new position in shares of Williams Companies during the 4th quarter worth about $28,000. Iron Horse Wealth Management LLC boosted its position in shares of Williams Companies by 4,490.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 494 shares in the last quarter. Finally, Abound Financial LLC acquired a new stake in shares of Williams Companies in the 1st quarter worth about $32,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Up 2.4%

Shares of WMB stock opened at $58.88 on Wednesday. The company has a 50 day moving average of $59.35 and a 200-day moving average of $58.24. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 1.63. Williams Companies, Inc. has a 12-month low of $40.41 and a 12-month high of $63.45. The firm has a market cap of $71.80 billion, a P/E ratio of 31.49, a PEG ratio of 1.91 and a beta of 0.65.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. Williams Companies had a net margin of 21.18% and a return on equity of 15.95%. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business posted $0.59 EPS. Williams Companies’s quarterly revenue was up 10.0% compared to the same quarter last year. Sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $62.70, for a total transaction of $125,400.00. Following the completion of the sale, the senior vice president owned 315,645 shares in the company, valued at $19,790,941.50. This trade represents a 0.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by insiders.

Analysts Set New Price Targets

WMB has been the topic of a number of analyst reports. Wolfe Research upgraded shares of Williams Companies from an “underperform” rating to a “peer perform” rating in a report on Friday, June 13th. TD Cowen initiated coverage on shares of Williams Companies in a report on Monday, July 7th. They issued a “buy” rating and a $67.00 target price on the stock. Scotiabank upped their target price on shares of Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 15th. Wells Fargo & Company upped their target price on shares of Williams Companies from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, May 28th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $63.00 target price on shares of Williams Companies in a report on Tuesday, July 15th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Williams Companies has an average rating of “Moderate Buy” and an average target price of $61.77.

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.