Whittier Trust Co. Has $201,000 Holdings in Williams Companies Inc (WMB)

Whittier Trust Co. grew its stake in Williams Companies Inc (NYSE:WMB) by 60.9% in the first quarter, Holdings Channel reports. The institutional investor owned 6,999 shares of the pipeline company’s stock after buying an additional 2,650 shares during the quarter. Whittier Trust Co.’s holdings in Williams Companies were worth $201,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. JNBA Financial Advisors increased its stake in shares of Williams Companies by 68.6% in the fourth quarter. JNBA Financial Advisors now owns 1,180 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 480 shares during the period. Claybrook Capital LLC bought a new position in shares of Williams Companies in the fourth quarter worth about $26,000. JOYN Advisors Inc. increased its stake in shares of Williams Companies by 57.9% in the fourth quarter. JOYN Advisors Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 463 shares during the period. Oakworth Capital Inc. increased its stake in shares of Williams Companies by 381.7% in the fourth quarter. Oakworth Capital Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 1,000 shares during the period. Finally, Liberty Wealth Management LLC bought a new position in shares of Williams Companies in the fourth quarter worth about $29,000. 90.19% of the stock is owned by institutional investors.

In other news, insider Walter J. Bennett sold 14,859 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $27.13, for a total value of $403,124.67. Following the sale, the insider now directly owns 116,881 shares in the company, valued at approximately $3,170,981.53. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathleen B. Cooper sold 9,615 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $27.39, for a total value of $263,354.85. Following the completion of the sale, 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.

WMB has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Williams Companies from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Saturday, January 12th. Barclays upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Wednesday, January 16th. Evercore ISI initiated coverage on Williams Companies in a research note on Tuesday, February 5th. They issued an “outperform” rating on the stock. Bank of America set a $30.00 price objective on Williams Companies and gave the stock a “buy” rating in a research note on Thursday, February 14th. Finally, Mizuho set a $32.00 price objective on Williams Companies and gave the stock a “buy” rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Williams Companies presently has a consensus rating of “Buy” and an average target price of $32.33.

Shares of WMB opened at $27.59 on Friday. Williams Companies Inc has a 12-month low of $20.36 and a 12-month 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 P/E ratio of 34.92, a PEG ratio of 4.45 and a beta of 1.70.

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

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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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