The Williams Companies, Inc. (NYSE:WMB) Position Reduced by Capital Advisors Inc. OK

Capital Advisors Inc. OK trimmed its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,308,703 shares of the pipeline company’s stock after selling 95,991 shares during the period. Williams Companies comprises 2.1% of Capital Advisors Inc. OK’s investment portfolio, making the stock its 6th largest position. Capital Advisors Inc. OK’s holdings in Williams Companies were worth $105,392,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WMB. SouthState Corp acquired a new stake in shares of Williams Companies in the second quarter valued at about $31,000. Rosenberg Matthew Hamilton boosted its holdings in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 252 shares during the period. GHP Investment Advisors Inc. purchased a new stake in shares of Williams Companies during the second quarter valued at approximately $34,000. Quarry LP acquired a new position in shares of Williams Companies during the second quarter worth $35,000. Finally, Fortitude Family Office LLC boosted 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 valued at $45,000 after purchasing an additional 545 shares during the period. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.44% of the company’s stock.

Williams Companies Trading Down 1.5 %

Williams Companies stock opened at $51.56 on Friday. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $52.85. The firm’s 50-day moving average is $47.90 and its 200-day moving average is $43.77. 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 company has a market cap of $62.84 billion, a P/E ratio of 22.13, a PEG ratio of 5.87 and a beta of 1.03.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WMB shares. Bank of America initiated coverage on shares of Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 price target on the stock. Citigroup boosted their price target on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Seaport Res Ptn lowered Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Scotiabank increased their target price on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $48.62.

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.