Lee Financial Co Has $126,000 Stake in Williams Companies Inc (NYSE:WMB)

Lee Financial Co boosted its holdings in shares of Williams Companies Inc (NYSE:WMB) by 1,058.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,493 shares of the pipeline company’s stock after purchasing an additional 4,105 shares during the period. Lee Financial Co’s holdings in Williams Companies were worth $126,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Kayne Anderson Capital Advisors LP increased its stake in shares of Williams Companies by 1.4% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 20,634,853 shares of the pipeline company’s stock valued at $578,589,000 after buying an additional 280,500 shares during the period. Clearbridge Investments LLC increased its stake in shares of Williams Companies by 7.4% in the 1st quarter. Clearbridge Investments LLC now owns 20,402,361 shares of the pipeline company’s stock valued at $585,956,000 after buying an additional 1,399,040 shares during the period. Geode Capital Management LLC increased its stake in shares of Williams Companies by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 15,722,127 shares of the pipeline company’s stock valued at $346,152,000 after buying an additional 1,124,517 shares during the period. Northern Trust Corp increased its stake in shares of Williams Companies by 1.9% in the 1st quarter. Northern Trust Corp now owns 14,854,724 shares of the pipeline company’s stock valued at $426,629,000 after buying an additional 281,665 shares during the period. Finally, Chickasaw Capital Management LLC increased its stake in shares of Williams Companies by 8.7% in the 2nd quarter. Chickasaw Capital Management LLC now owns 14,790,191 shares of the pipeline company’s stock valued at $414,717,000 after buying an additional 1,182,565 shares during the period. 88.15% of the stock is owned by hedge funds and other institutional investors.

NYSE:WMB opened at $23.99 on Friday. Williams Companies Inc has a 12-month low of $20.36 and a 12-month high of $32.05. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.56. The company has a market cap of $28.63 billion, a price-to-earnings ratio of 25.96, a P/E/G ratio of 3.78 and a beta of 1.56. The business has a fifty day moving average of $26.97.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Williams Companies had a return on equity of 6.46% and a net margin of 0.73%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the company earned $0.16 EPS. The firm’s revenue was down 2.4% on a year-over-year basis. On average, sell-side analysts predict that Williams Companies Inc will post 0.96 earnings per share for the current year.

WMB has been the subject of several research reports. Stifel Nicolaus lowered their target price on Williams Companies from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Credit Suisse Group lowered their target price on Williams Companies from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday. Sanford C. Bernstein cut Williams Companies from an “outperform” rating to a “market perform” rating and set a $25.00 target price for the company. in a research note on Sunday, August 4th. ValuEngine raised Williams Companies from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Barclays reissued a “buy” rating and issued a $32.00 target price on shares of Williams Companies in a research note on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $30.87.

In related news, SVP Terrance Lane Wilson purchased 4,000 shares of Williams Companies stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $23.60 per share, for a total transaction of $94,400.00. Following the transaction, the senior vice president now directly owns 43,726 shares of the company’s stock, valued at $1,031,933.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John D. Chandler purchased 10,000 shares of Williams Companies stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $23.24 per share, for a total transaction of $232,400.00. Following the completion of the transaction, the insider now directly owns 63,052 shares in the company, valued at $1,465,328.48. The disclosure for this purchase can be found here. Insiders bought a total of 34,000 shares of company stock worth $839,400 over the last 90 days. 0.26% of the stock is owned by corporate insiders.

Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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