US Bancorp DE Sells 10,776 Shares of The Williams Companies, Inc. (NYSE:WMB)

US Bancorp DE cut its holdings in The Williams Companies, Inc. (NYSE:WMB) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. SouthState Corp bought a new position in shares of Williams Companies during the second quarter valued at $31,000. GHP Investment Advisors Inc. bought a new position in Williams Companies during the 2nd quarter valued at about $34,000. Quarry LP purchased a new stake in shares of Williams Companies during the 2nd quarter valued at about $35,000. Fortitude Family Office LLC grew its stake 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 during the period. Finally, Kimelman & Baird LLC bought a new position in Williams Companies during the second quarter valued at approximately $42,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. 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 report on Wednesday, October 16th. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $52.00 to $58.00 in a research report on Friday, October 4th. Bank of America assumed coverage on Williams Companies in a research report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price on the stock. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, UBS Group raised their price objective on shares of Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Williams Companies currently has an average rating of “Hold” and an average price target of $48.62.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.44% of the stock is owned by insiders.

Williams Companies Stock Down 1.5 %

Shares of WMB stock opened at $51.56 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $52.85. The company’s fifty day moving average price is $47.90 and its 200-day moving average price is $43.81. The company has a market capitalization of $62.84 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 5.87 and a beta of 1.03.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 16.17% and a net margin of 27.11%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share. Sell-side analysts expect that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

About Williams Companies

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.