Mengis Capital Management Inc. lessened its position in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 7.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,156 shares of the pipeline company’s stock after selling 650 shares during the quarter. Mengis Capital Management Inc.’s holdings in Williams Companies were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. OLD Point Trust & Financial Services N A bought a new position in Williams Companies during the 2nd quarter valued at approximately $25,000. FSC Wealth Advisors LLC bought a new stake in shares of Williams Companies in the 3rd quarter worth $27,000. Missouri Trust & Investment Co increased its holdings in shares of Williams Companies by 300.0% in the 2nd quarter. Missouri Trust & Investment Co now owns 800 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 600 shares in the last quarter. HWG Holdings LP bought a new stake in shares of Williams Companies in the 3rd quarter worth $29,000. Finally, Steward Financial Group LLC bought a new stake in shares of Williams Companies in the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 85.76% of the company’s stock.
Williams Companies Stock Performance
NYSE WMB traded up $0.52 on Monday, hitting $34.55. 6,025,384 shares of the company traded hands, compared to its average volume of 6,432,703. The business’s 50 day moving average price is $34.88 and its 200-day moving average price is $34.80. The Williams Companies, Inc. has a 52-week low of $27.80 and a 52-week high of $37.45. The company has a market capitalization of $42.03 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 5.11 and a beta of 1.04. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.59.
Williams Companies Increases Dividend
Wall Street Analyst Weigh In
A number of research firms have commented on WMB. Barclays lifted their target price on Williams Companies from $35.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Mizuho lifted their price objective on Williams Companies from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $36.50.
Williams Companies Company 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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.
- Five stocks we like better than Williams Companies
- How to Invest in Insurance Companies: A Guide
- 3 attractive stocks that insiders are buying
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Alpha and Omega Semiconductor ready to bounce, DOJ cloud lifts
- What Is WallStreetBets and What Stocks Are They Targeting?
- Wendy’s vs Shake Shack: Out with the new, in with the old?
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.