Intact Investment Management Inc. Has $4.78 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Intact Investment Management Inc. lifted its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 7.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 104,600 shares of the pipeline company’s stock after buying an additional 7,700 shares during the period. Intact Investment Management Inc.’s holdings in Williams Companies were worth $4,775,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of WMB. SouthState Corp acquired a new position in Williams Companies in the 2nd quarter worth about $31,000. Rosenberg Matthew Hamilton increased its holdings in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 252 shares in the last quarter. GHP Investment Advisors Inc. acquired a new position in Williams Companies in the 2nd quarter worth about $34,000. Quarry LP acquired a new position in Williams Companies in the 2nd quarter worth about $35,000. Finally, Fortitude Family Office LLC increased its holdings in Williams Companies by 120.8% in the 3rd quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock worth $45,000 after purchasing an additional 545 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Royal Bank of Canada upped their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Citigroup upped their price target on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Bank of America assumed coverage on Williams Companies in a research report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target on the stock. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $52.00 to $58.00 in a research report on Friday, October 4th. Finally, UBS Group upped their price target on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $49.62.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the 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 transaction, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Up 1.1 %

Shares of NYSE:WMB opened at $52.14 on Tuesday. The business’s 50 day simple moving average is $48.04 and its two-hundred day simple moving average is $43.96. The firm has a market cap of $63.55 billion, a P/E ratio of 22.38, a PEG ratio of 5.78 and a beta of 1.03. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $52.85.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 earnings per share. As a group, research analysts forecast that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

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 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.