Americana Partners LLC Decreases Holdings in The Williams Companies, Inc. (NYSE:WMB)

Americana Partners LLC reduced its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,263 shares of the pipeline company’s stock after selling 3,735 shares during the period. Americana Partners LLC’s holdings in Williams Companies were worth $4,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Norden Group LLC boosted its holdings in Williams Companies by 25.4% in the first quarter. Norden Group LLC now owns 21,794 shares of the pipeline company’s stock valued at $849,000 after purchasing an additional 4,417 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of Williams Companies during the 1st quarter worth approximately $352,000. Private Advisor Group LLC lifted its position in shares of Williams Companies by 3.0% in the first quarter. Private Advisor Group LLC now owns 85,854 shares of the pipeline company’s stock valued at $3,346,000 after acquiring an additional 2,508 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in Williams Companies in the 1st quarter worth approximately $1,344,000. Finally, Mission Wealth Management LP purchased a new stake in Williams Companies in the 1st quarter valued at $208,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Barclays boosted their target price on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Bank of America initiated coverage on Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective on the stock. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Williams Companies has a consensus rating of “Hold” and an average price target of $48.62.

Williams Companies Stock Performance

NYSE WMB traded down $0.18 during trading on Friday, reaching $52.19. The company’s stock had a trading volume of 1,634,721 shares, compared to its average volume of 6,226,119. 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 business’s fifty day moving average price is $47.78 and its 200-day moving average price is $43.67. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $52.85. The firm has a market cap of $63.61 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 5.88 and a beta of 1.05.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 earnings per share. As a group, analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Company 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.