Williams Companies Inc (NYSE:WMB) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC lessened its position in shares of Williams Companies Inc (NYSE:WMB) by 4.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,763,574 shares of the pipeline company’s stock after selling 85,850 shares during the period. Williams Companies comprises 2.4% of Ingalls & Snyder LLC’s portfolio, making the stock its 8th largest position. Ingalls & Snyder LLC owned 0.15% of Williams Companies worth $50,650,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in WMB. JNBA Financial Advisors increased its position in Williams Companies by 68.6% in the 4th quarter. JNBA Financial Advisors now owns 1,180 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 480 shares during the period. Claybrook Capital LLC acquired a new position in shares of Williams Companies during the 4th quarter valued at $26,000. JOYN Advisors Inc. increased its position in shares of Williams Companies by 57.9% during the 4th quarter. JOYN Advisors Inc. now owns 1,262 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 463 shares during the period. Oakworth Capital Inc. increased its position in shares of Williams Companies by 381.7% during the 4th quarter. Oakworth Capital Inc. now owns 1,262 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 1,000 shares during the period. Finally, Liberty Wealth Management LLC acquired a new position in shares of Williams Companies in the 4th quarter worth $29,000. 90.19% of the stock is currently owned by institutional investors.

NYSE WMB opened at $27.59 on Friday. Williams Companies Inc has a fifty-two week low of $20.36 and a fifty-two week high of $32.22. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a market cap of $33.43 billion, a price-to-earnings ratio of 34.92, a P/E/G ratio of 4.45 and a beta of 1.70.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, May 1st. The pipeline company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.30 billion. Williams Companies had a positive return on equity of 4.83% and a negative net margin of 1.78%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Analysts anticipate that Williams Companies Inc will post 0.98 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on WMB shares. Zacks Investment Research upgraded Williams Companies from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Saturday, January 19th. Bank of America set a $30.00 target price on Williams Companies and gave the stock a “buy” rating in a research report on Thursday, February 14th. Mizuho set a $32.00 target price on Williams Companies and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Barclays raised Williams Companies from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research report on Wednesday, January 16th. Finally, Evercore ISI assumed coverage on Williams Companies in a research report on Tuesday, February 5th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $32.33.

In related news, insider Walter J. Bennett sold 14,859 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $27.13, for a total transaction of $403,124.67. Following the transaction, the insider now directly owns 116,881 shares in the company, valued at $3,170,981.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathleen B. Cooper sold 9,615 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $27.39, for a total value of $263,354.85. Following the transaction, the director now owns 32,272 shares in the company, valued at $883,930.08. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

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Williams Companies Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

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

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