Mariner Wealth Advisors LLC boosted its holdings in Williams Companies Inc (NYSE:WMB) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 323,799 shares of the pipeline company’s stock after acquiring an additional 5,236 shares during the quarter. Mariner Wealth Advisors LLC’s holdings in Williams Companies were worth $9,873,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in Williams Companies in the 3rd quarter valued at $105,000. SeaCrest Wealth Management LLC acquired a new stake in Williams Companies in the 4th quarter valued at $117,000. Steward Partners Investment Advisory LLC acquired a new stake in Williams Companies in the 3rd quarter valued at $172,000. Bronfman E.L. Rothschild L.P. grew its position in Williams Companies by 44.4% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 6,550 shares of the pipeline company’s stock valued at $197,000 after purchasing an additional 2,013 shares during the period. Finally, Eqis Capital Management Inc. bought a new position in Williams Companies during the 4th quarter valued at $201,000. 84.56% of the stock is owned by institutional investors and hedge funds.
In other news, insider James E. Scheel sold 26,915 shares of Williams Companies stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $33.00, for a total transaction of $888,195.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.53% of the company’s stock.
Several equities analysts have weighed in on WMB shares. Morgan Stanley dropped their price objective on Williams Companies from $34.00 to $33.00 and set an “overweight” rating on the stock in a research note on Friday, November 17th. Credit Suisse Group started coverage on Williams Companies in a research note on Thursday, January 4th. They set an “outperform” rating and a $36.00 price objective on the stock. Zacks Investment Research cut Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Bank of America started coverage on Williams Companies in a research note on Tuesday, January 9th. They set a “buy” rating on the stock. Finally, Jefferies Group restated a “buy” rating and set a $37.00 price objective on shares of Williams Companies in a research note on Friday, January 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $35.20.
Shares of Williams Companies Inc (NYSE WMB) opened at $28.91 on Monday. The company has a market capitalization of $23,900.00, a price-to-earnings ratio of 50.72, a PEG ratio of 2.42 and a beta of 1.32. Williams Companies Inc has a 52 week low of $26.82 and a 52 week high of $33.67. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.91 and a current ratio of 0.97.
Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, February 14th. The pipeline company reported $0.20 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.20. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Williams Companies had a return on equity of 3.44% and a net margin of 27.07%. During the same period in the previous year, the business posted ($0.02) EPS. research analysts predict that Williams Companies Inc will post 0.92 earnings per share for the current fiscal year.
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Williams Companies Profile
The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.
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