Norden Group LLC Sells 1,506 Shares of Williams Companies, Inc. (The) (NYSE:WMB)

Norden Group LLC cut its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,066 shares of the pipeline company’s stock after selling 1,506 shares during the period. Norden Group LLC’s holdings in Williams Companies were worth $1,498,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WMB. Menard Financial Group LLC bought a new stake in shares of Williams Companies during the 4th quarter worth $26,000. HWG Holdings LP bought a new stake in shares of Williams Companies during the 1st quarter worth $26,000. Hoey Investments Inc. purchased a new position in Williams Companies in the fourth quarter valued at about $28,000. Iron Horse Wealth Management LLC boosted its stake in Williams Companies by 4,490.9% in the first quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 494 shares during the last quarter. Finally, Abound Financial LLC purchased a new position in Williams Companies in the first quarter valued at about $32,000. 86.44% of the stock is currently owned by institutional investors.

Insider Activity at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $62.70, for a total transaction of $125,400.00. Following the completion of the transaction, the senior vice president owned 315,645 shares of the company’s stock, valued at approximately $19,790,941.50. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.44% of the company’s stock.

Williams Companies Stock Down 0.6%

WMB stock opened at $57.50 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $70.11 billion, a PE ratio of 30.75, a PEG ratio of 1.92 and a beta of 0.65. Williams Companies, Inc. has a twelve month low of $40.41 and a twelve month high of $63.45. The stock has a 50-day simple moving average of $59.34 and a two-hundred day simple moving average of $58.23.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the firm earned $0.59 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WMB. Royal Bank Of Canada reiterated an “outperform” rating and issued a $63.00 target price on shares of Williams Companies in a research note on Tuesday, July 15th. Wells Fargo & Company boosted their target price on shares of Williams Companies from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, May 28th. TD Cowen assumed coverage on Williams Companies in a report on Monday, July 7th. They issued a “buy” rating and a $67.00 price objective for the company. Wolfe Research raised Williams Companies from an “underperform” rating to a “peer perform” rating in a report on Friday, June 13th. Finally, Scotiabank lifted their price objective on Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 15th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.77.

Williams Companies Company 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 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.