Avantax Advisory Services Inc. boosted its holdings in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 13.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,846 shares of the pipeline company’s stock after purchasing an additional 2,219 shares during the period. Avantax Advisory Services Inc.’s holdings in Williams Companies were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in WMB. Cahill Financial Advisors Inc. grew its position in shares of Williams Companies by 15.7% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 24,488 shares of the pipeline company’s stock valued at $799,000 after acquiring an additional 3,318 shares during the period. Epoch Investment Partners Inc. grew its position in shares of Williams Companies by 1,313.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 436,166 shares of the pipeline company’s stock valued at $14,232,000 after acquiring an additional 405,301 shares during the period. Autumn Glory Partners LLC grew its position in shares of Williams Companies by 28.1% in the 3rd quarter. Autumn Glory Partners LLC now owns 107,609 shares of the pipeline company’s stock valued at $3,625,000 after acquiring an additional 23,579 shares during the period. Bahl & Gaynor Inc. grew its position in shares of Williams Companies by 45.3% in the 3rd quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company’s stock valued at $220,506,000 after acquiring an additional 2,040,993 shares during the period. Finally, Courier Capital LLC bought a new position in shares of Williams Companies in the 2nd quarter valued at about $1,883,000. Institutional investors own 85.76% of the company’s stock.
Williams Companies Price Performance
Shares of Williams Companies stock opened at $34.03 on Friday. The Williams Companies, Inc. has a twelve month low of $27.80 and a twelve month high of $37.45. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.59. The company has a 50-day simple moving average of $34.88 and a two-hundred day simple moving average of $34.79. The stock has a market capitalization of $41.40 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 5.11 and a beta of 1.04.
Williams Companies Increases Dividend
Analyst Ratings Changes
A number of brokerages have recently commented on WMB. Mizuho lifted their price objective on shares of Williams Companies from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Barclays lifted their price objective on shares of Williams Companies from $35.00 to $37.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $36.50.
Williams Companies 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.
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