Cambiar Investors LLC Sells 157,343 Shares of The Williams Companies, Inc. (NYSE:WMB)

by · The Markets Daily

Cambiar Investors LLC reduced its holdings in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 16.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 799,268 shares of the pipeline company’s stock after selling 157,343 shares during the period. Cambiar Investors LLC owned 0.07% of Williams Companies worth $36,487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Clearbridge Investments LLC raised its holdings in Williams Companies by 5.9% during the first quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock worth $817,736,000 after acquiring an additional 1,175,628 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Williams Companies by 1.2% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock valued at $538,482,000 after buying an additional 144,713 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Williams Companies by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock valued at $410,064,000 after buying an additional 311,530 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in Williams Companies by 13.4% during the first quarter. Kayne Anderson Capital Advisors LP now owns 8,540,611 shares of the pipeline company’s stock worth $332,828,000 after buying an additional 1,010,658 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its position in Williams Companies by 8.8% during the second quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company’s stock worth $325,726,000 after acquiring an additional 618,056 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Bank of America initiated coverage on shares of Williams Companies in a research report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective for the company. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. CIBC upped their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. UBS Group lifted their target price on Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Finally, Scotiabank increased their price target 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $48.62.

Read Our Latest Stock Report on Williams Companies

Insider Buying and Selling 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

NYSE WMB opened at $51.56 on Friday. 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 firm has a 50-day moving average price of $47.90 and a two-hundred day moving average price of $43.77. The company 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.

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, beating the consensus estimate of $0.38 by $0.05. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. Analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Profile

(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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