Moloney Securities Asset Management LLC Has $1.80 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Moloney Securities Asset Management LLC decreased its position in The Williams Companies, Inc. (NYSE:WMB) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,350 shares of the pipeline company’s stock after selling 326 shares during the period. Moloney Securities Asset Management LLC’s holdings in Williams Companies were worth $1,796,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. SouthState Corp acquired a new position in Williams Companies in the second quarter valued at about $31,000. GHP Investment Advisors Inc. acquired a new position in shares of Williams Companies in the 2nd quarter valued at approximately $34,000. Rosenberg Matthew Hamilton grew its position in shares of Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares during the period. Quarry LP acquired a new stake in Williams Companies during the 2nd quarter worth approximately $35,000. Finally, Kimelman & Baird LLC acquired a new stake in Williams Companies during the 2nd quarter worth approximately $42,000. Institutional investors own 86.44% of the company’s stock.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business’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 transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

WMB has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Citigroup increased their target price on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $52.00 to $58.00 in a report on Friday, October 4th. Bank of America assumed coverage on Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective for the company. Finally, Mizuho boosted their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $49.62.

Williams Companies Stock Performance

Shares of WMB stock opened at $52.14 on Tuesday. The company has a fifty day moving average price of $48.04 and a two-hundred day moving average price of $43.96. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $52.85. The stock has a market cap of $63.55 billion, a P/E ratio of 22.38, a P/E/G ratio of 5.78 and a beta of 1.03. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. Williams Companies’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the company posted $0.42 earnings per share. As a group, equities analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current year.

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.