TrueWealth Advisors LLC Raises Holdings in The Williams Companies, Inc. (NYSE:WMB)

TrueWealth Advisors LLC grew its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 29.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,243 shares of the pipeline company’s stock after purchasing an additional 7,095 shares during the period. TrueWealth Advisors LLC’s holdings in Williams Companies were worth $1,426,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. SouthState Corp purchased a new position in Williams Companies in the second quarter worth about $31,000. Rosenberg Matthew Hamilton grew its position in Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 252 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in Williams Companies in the second quarter worth about $34,000. Quarry LP purchased a new position in Williams Companies in the second quarter worth about $35,000. Finally, Fortitude Family Office LLC lifted its stake in Williams Companies by 120.8% in the third quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock worth $45,000 after purchasing an additional 545 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WMB shares. StockNews.com downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Royal Bank of Canada raised their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Barclays raised their price objective on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, UBS Group lifted their price target on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $48.62.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by insiders.

Williams Companies Stock Performance

Shares of WMB traded down $0.81 during trading hours on Friday, reaching $51.56. 5,640,793 shares of the company traded hands, compared to its average volume of 5,684,137. The stock has a market capitalization of $62.84 billion, a P/E ratio of 22.13, a P/E/G ratio of 5.87 and a beta of 1.03. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $52.85. The business has a fifty day moving average price of $47.90 and a 200-day moving average price of $43.81.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share. Equities analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

About Williams Companies

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 natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.