Williams Cos. (WMB) Insider Sells $1,176,000.00 in Stock
Williams Cos. (NYSE:WMB) insider Rory Lee Miller sold 40,000 shares of the company’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $29.40, for a total value of $1,176,000.00. Following the transaction, the insider now directly owns 109,780 shares of the company’s stock, valued at $3,227,532. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Williams Cos. (NYSE:WMB) opened at 30.10 on Monday. The stock’s market capitalization is $22.59 billion. Williams Cos. has a 52 week low of $10.22 and a 52 week high of $38.43. The stock’s 50 day moving average price is $29.86 and its 200-day moving average price is $25.40.
Williams Cos. (NYSE:WMB) last announced its earnings results on Monday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.04. Williams Cos. had a positive return on equity of 2.16% and a negative net margin of 15.19%. During the same quarter last year, the business earned $0.22 EPS. Equities research analysts expect that Williams Cos. will post $0.62 earnings per share for the current year.
WMB has been the subject of a number of research analyst reports. Tudor Pickering raised Williams Cos. from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. Citigroup Inc. initiated coverage on Williams Cos. in a research report on Friday, July 22nd. They issued a “neutral” rating and a $26.00 target price for the company. Jefferies Group upped their target price on Williams Cos. from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, July 25th. Evercore Partners Inc. upped their target price on Williams Cos. from $24.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Finally, Raymond James Financial Inc. raised Williams Cos. from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 3rd. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $30.40.
Several hedge funds have recently made changes to their positions in WMB. Legal & General Group Plc increased its position in Williams Cos. by 7.0% in the first quarter. Legal & General Group Plc now owns 3,515,133 shares of the company’s stock worth $56,480,000 after buying an additional 230,979 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in Williams Cos. by 2.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,998,319 shares of the company’s stock worth $43,224,000 after buying an additional 45,184 shares during the period. Beck Mack & Oliver LLC increased its position in Williams Cos. by 3.2% in the second quarter. Beck Mack & Oliver LLC now owns 553,005 shares of the company’s stock worth $11,961,000 after buying an additional 16,900 shares during the period. BB&T Securities LLC increased its position in Williams Cos. by 68.9% in the second quarter. BB&T Securities LLC now owns 88,007 shares of the company’s stock worth $1,903,000 after buying an additional 35,895 shares during the period. Finally, Pictet Asset Management Ltd. increased its position in Williams Cos. by 2.2% in the first quarter. Pictet Asset Management Ltd. now owns 369,782 shares of the company’s stock worth $5,913,000 after buying an additional 7,800 shares during the period. 84.40% of the stock is currently owned by institutional investors and hedge funds.
Williams Cos. Company Profile
The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.
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