Shepherd Financial Partners LLC Makes New Investment in The Williams Companies, Inc. (NYSE:WMB)

by · The Cerbat Gem

Shepherd Financial Partners LLC purchased a new position in The Williams Companies, Inc. (NYSE:WMB – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,124 shares of the pipeline company’s stock, valued at approximately $827,000.

Several other institutional investors have also bought and sold shares of WMB. SouthState Corp bought a new stake in shares of Williams Companies in the second quarter valued at $31,000. GHP Investment Advisors Inc. bought a new stake in Williams Companies in the 2nd quarter valued at about $34,000. Rosenberg Matthew Hamilton lifted its holdings in Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares during the last quarter. Quarry LP bought a new position in Williams Companies during the second quarter worth about $35,000. Finally, Kimelman & Baird LLC purchased a new position in shares of Williams Companies in the second quarter worth about $42,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on WMB. Barclays upped their price target on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Citigroup raised their price target on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Scotiabank boosted their price objective on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. CIBC raised their target price on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $48.62.

Check Out Our Latest Research Report on WMB

Williams Companies Price Performance

Shares of WMB traded down $0.09 during midday trading on Friday, reaching $52.28. The stock had a trading volume of 1,488,138 shares, compared to its average volume of 6,225,427. The company’s 50-day moving average is $47.78 and its 200 day moving average is $43.67. The company has a market capitalization of $63.72 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 5.88 and a beta of 1.05. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $52.85. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64.

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

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the sale, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.44% of the company’s stock.

About Williams Companies

(Free Report)

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.

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