What Is Williams' (WMB) Economic Moat, and Is It Steel or Permits?
A moat is usually described as something a competitor cannot copy. The test for The Williams Companies, Inc. (NYSE:WMB) is narrower than that. Nobody doubts a rival could weld pipe.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | RWC Asset Management Tord Stallvik (Ceo) | 418,929 | $28,474,604 | +20% | 1.06% |
| 2. | Polaris Capital Management Bernard Horn | 230,200 | $15,646,694 | -8% | 1.64% |
| 3. | Skylands Capital Charles Paquelet | 118,225 | $8,035,753 | -1% | 1.05% |
| 4. | Hourglass Capital Kenneth A. Moffet | 112,210 | $7,626,914 | -1% | 1.56% |
| 5. | Ayrshire Capital Management John Nevin Jr. | 15,113 | $1,027,262 | -1% | 0.47% |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $29.61 | 5,000 | $148,043.00 | 48,521 | 2023-03-14 | Filing | |
| $29.00 | 6,895 | $199,955.00 | 123,738 | 2023-03-14 | Filing | |
| $29.66 | 400 | $11,864.00 | 42,904 | 2023-03-14 | Filing | |
| $13.95 | 1,100 | $15,345.00 | 80,140 | 2020-03-12 | Filing | |
| $13.60 | 4,000 | $54,400.00 | 22,802 | 2020-03-12 | Filing |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $67.85 | 2,000 | $135,700.00 | 262,259 | 2026-10-01 | Filing | |
| $75.56 | 2,000 | $151,120.00 | 264,259 | 2026-09-01 | Filing | |
| $74.88 | 10,200 | $763,776.00 | 268,159 | 2026-08-14 | Filing | |
| $74.84 | 2,800 | $209,540.80 | 278,359 | 2026-08-14 | Filing | |
| $70.65 | 2,000 | $141,300.00 | 281,159 | 2026-08-03 | Filing |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 3,557,136 | $241,778,534 | 8.67% | |
| 2. | 2,168,683 | $147,405,384 | 0.44% | |
| 3. | 1,788,100 | $121,537,157 | 5.57% | |
| 4. | 1,678,477 | $114,086,077 | 0.74% | |
| 5. | 1,409,864 | $95,828,456 | 0.09% |