The Williams Companies, Inc. (NYSE:WMB) Position Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in The Williams Companies, Inc. (NYSE:WMB) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 387,196 shares of the pipeline company’s stock after buying an additional 1,175 shares during the period. Nisa Investment Advisors LLC’s holdings in Williams Companies were worth $17,675,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. SouthState Corp purchased a new stake in shares of Williams Companies during the second quarter valued at $31,000. GHP Investment Advisors Inc. purchased a new stake in Williams Companies during the second quarter valued at about $34,000. Quarry LP purchased a new position in shares of Williams Companies in the second quarter worth approximately $35,000. Kimelman & Baird LLC purchased a new position in shares of Williams Companies in the second quarter worth approximately $42,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Williams Companies during the first quarter valued at approximately $50,000. 86.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WMB shares. 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. Scotiabank upped their price target on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Bank of America assumed coverage on Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective for the company. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, CIBC raised their price target on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $48.62.

Insiders Place Their Bets

In other Williams Companies 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 transaction, the senior vice president now owns 304,200 shares in the company, valued at $13,777,218. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.44% of the company’s stock.

Williams Companies Stock Down 0.9 %

WMB stock opened at $51.84 on Wednesday. The firm has a market cap of $63.18 billion, a PE ratio of 22.25, a PEG ratio of 5.88 and a beta of 1.05. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $52.85. The company has a fifty day simple moving average of $47.46 and a 200 day simple moving average of $43.55. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The company 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Sell-side analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies 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.