Stephens Inc. AR Sells 5,555 Shares of The Williams Companies, Inc. (NYSE:WMB)

Stephens Inc. AR lessened its stake in The Williams Companies, Inc. (NYSE:WMB) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,194 shares of the pipeline company’s stock after selling 5,555 shares during the period. Stephens Inc. AR’s holdings in Williams Companies were worth $5,943,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. SouthState Corp purchased a new position in shares of Williams Companies in the second quarter worth approximately $31,000. GHP Investment Advisors Inc. bought a new position in Williams Companies in the second quarter worth approximately $34,000. Rosenberg Matthew Hamilton boosted its stake in shares of Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 252 shares during the last quarter. Quarry LP purchased a new position in shares of Williams Companies during the 2nd quarter worth $35,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Williams Companies in the 2nd quarter worth $42,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Morgan Stanley upgraded 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 research report on Friday, October 4th. Barclays increased their target price on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Scotiabank lifted their price target on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, CIBC lifted their target price on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One research 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. According to data from MarketBeat.com, Williams Companies has an average rating of “Hold” and an average target price of $48.62.

Williams Companies Trading Down 1.5 %

Shares of WMB stock opened at $51.56 on Friday. 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 stock has a market capitalization of $62.84 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 5.87 and a beta of 1.03. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $52.85. The stock’s 50-day moving average price is $47.90 and its 200-day moving average price is $43.81.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data 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. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the firm earned $0.42 EPS. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. Equities research analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the sale, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.44% of the stock is owned by company insiders.

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.