The Williams Companies, Inc. (NYSE:WMB) Shares Sold by abrdn plc

abrdn plc decreased its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,478,004 shares of the pipeline company’s stock after selling 10,485 shares during the period. abrdn plc’s holdings in Williams Companies were worth $67,249,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WMB. Clearbridge Investments LLC increased its stake in shares of Williams Companies by 5.9% during the first quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock worth $817,736,000 after buying an additional 1,175,628 shares during the period. Tortoise Capital Advisors L.L.C. grew its holdings in Williams Companies by 1.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock worth $538,482,000 after acquiring an additional 144,713 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Williams Companies by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock valued at $410,064,000 after purchasing an additional 311,530 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its holdings in shares of Williams Companies by 13.4% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 8,540,611 shares of the pipeline company’s stock valued at $332,828,000 after purchasing an additional 1,010,658 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its position in shares of Williams Companies by 8.8% during the 2nd quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company’s stock worth $325,726,000 after purchasing an additional 618,056 shares during the last quarter. Institutional investors and hedge funds 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 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 owns 304,200 shares in the company, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WMB. Bank of America assumed coverage on Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target on the stock. Barclays boosted their target price on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Citigroup upped their price target on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Seaport Res Ptn cut shares of 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 report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $48.62.

Williams Companies Price Performance

Williams Companies stock opened at $51.84 on Wednesday. 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 business has a 50 day simple moving average of $47.46 and a 200-day simple moving average of $43.55. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $52.85. The stock has a market capitalization of $63.18 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 5.88 and a beta of 1.05.

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