The Williams Companies, Inc. (NYSE:WMB) Position Lessened by US Bancorp DE

US Bancorp DE trimmed its stake in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 2.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 385,129 shares of the pipeline company's stock after selling 10,776 shares during the quarter. US Bancorp DE's holdings in Williams Companies were worth $17,581,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMB. SouthState Corp purchased a new position in shares of Williams Companies in the 2nd quarter worth about $31,000. GHP Investment Advisors Inc. purchased a new position in Williams Companies in the second quarter valued at approximately $34,000. Quarry LP acquired a new position in Williams Companies during the second quarter valued at approximately $35,000. Kimelman & Baird LLC purchased a new stake in Williams Companies during the second quarter worth approximately $42,000. Finally, Fortitude Family Office LLC increased its position in shares of Williams Companies by 120.8% in the third quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company's stock worth $45,000 after acquiring an additional 545 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Stock Down 1.5 %

NYSE WMB traded down $0.81 during trading hours on Friday, reaching $51.56. 5,640,793 shares of the company traded hands, compared to its average volume of 5,684,137. The stock has a market capitalization of $62.84 billion, a PE ratio of 22.13, a PEG ratio of 5.87 and a beta of 1.03. The company has a current ratio of 0.45, a quick ratio of 0.39 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 company has a 50 day moving average of $47.90 and a two-hundred day moving average of $43.86.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 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 analysts' expectations of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company's quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share. As a group, equities analysts expect that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the sale, the senior vice president now directly owns 304,200 shares of the company's stock, valued at approximately $13,777,218. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.44% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on WMB. Morgan Stanley upgraded shares of Williams Companies from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $52.00 to $58.00 in a report on Friday, October 4th. StockNews.com downgraded Williams Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 6th. CIBC raised their target price on Williams Companies from $45.00 to $54.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Royal Bank of Canada upped their price target on Williams Companies from $47.00 to $56.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Finally, Seaport Res Ptn downgraded shares of Williams Companies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $48.62.

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.