Creative Planning grew its holdings in The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 14.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,878 shares of the pipeline company’s stock after purchasing an additional 15,194 shares during the period. Creative Planning’s holdings in Williams Companies were worth $3,461,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in WMB. Royal Bank of Canada grew its position in Williams Companies by 85.8% during the first quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock valued at $546,327,000 after purchasing an additional 7,551,749 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Williams Companies by 19.0% during the 2nd quarter. Deutsche Bank AG now owns 30,845,787 shares of the pipeline company’s stock valued at $962,697,000 after acquiring an additional 4,925,183 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Williams Companies by 200.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,286,535 shares of the pipeline company’s stock worth $164,993,000 after acquiring an additional 3,525,097 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Williams Companies during the first quarter worth $76,303,000. Finally, Mackenzie Financial Corp raised its holdings in shares of Williams Companies by 35.4% during the third quarter. Mackenzie Financial Corp now owns 8,639,780 shares of the pipeline company’s stock worth $247,357,000 after acquiring an additional 2,258,745 shares in the last quarter. Institutional investors and hedge funds own 85.38% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Wells Fargo & Company lowered Williams Companies from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $39.00 to $37.00 in a research report on Friday, December 16th. StockNews.com assumed coverage on Williams Companies in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Citigroup started coverage on shares of Williams Companies in a research report on Thursday, December 8th. They set a “neutral” rating and a $36.00 price objective on the stock. Morgan Stanley boosted their target price on shares of Williams Companies from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, January 9th. Finally, Barclays downgraded shares of Williams Companies from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $35.00 to $37.00 in a report on Wednesday, January 18th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.09.
Williams Companies Price Performance
Williams Companies (NYSE:WMB – Get Rating) last issued its quarterly earnings results on Monday, October 31st. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. Williams Companies had a return on equity of 14.73% and a net margin of 17.72%. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the business posted $0.34 earnings per share. The firm’s revenue was up 22.1% compared to the same quarter last year. On average, sell-side analysts expect that The Williams Companies, Inc. will post 1.62 earnings per share for the current year.
Insiders Place Their Bets
In other news, SVP Terrance Lane Wilson sold 10,000 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $33.76, for a total value of $337,600.00. Following the completion of the sale, the senior vice president now directly owns 198,489 shares of the company’s stock, valued at $6,700,988.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 28,500 shares of company stock valued at $971,300 in the last three months. Company insiders own 0.43% of the company’s stock.
Williams Companies Profile
The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico, Northeast G&P, and West. The Transmission and Gulf of Mexico segment consists of interstate natural gas pipelines, the Transco and Northwest Pipelines, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.
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