Janney Montgomery Scott LLC Sells 18,163 Shares of The Williams Companies, Inc. (NYSE:WMB)

Janney Montgomery Scott LLC lessened its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 983,252 shares of the pipeline company’s stock after selling 18,163 shares during the period. Janney Montgomery Scott LLC’s holdings in Williams Companies were worth $44,885,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. SouthState Corp bought a new stake in shares of Williams Companies during the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. bought a new stake in Williams Companies during the second quarter worth $34,000. Rosenberg Matthew Hamilton lifted its stake in Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 252 shares during the last quarter. Quarry LP bought a new position in shares of Williams Companies in the 2nd quarter valued at about $35,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Williams Companies during the 2nd quarter worth about $42,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMB has been the subject of a number of research analyst reports. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $52.00 to $58.00 in a report on Friday, October 4th. UBS Group boosted their target price on Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Royal Bank of Canada lifted their price objective 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. Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, CIBC upped their price target 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 analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $48.62.

Williams Companies Stock Performance

NYSE:WMB opened at $51.56 on Monday. 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 Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $52.85. The company has a market cap of $62.84 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 5.87 and a beta of 1.03. The stock has a fifty day moving average price of $47.90 and a 200-day moving average price of $43.86.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The firm 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 revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 earnings per share. As a group, equities analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction 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 sale, the senior vice president now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

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.