Allworth Financial LP Has $1.03 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

Allworth Financial LP cut its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 40.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,468 shares of the pipeline company’s stock after selling 15,076 shares during the quarter. Allworth Financial LP’s holdings in Williams Companies were worth $1,026,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its holdings in shares of Williams Companies by 15.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock worth $4,221,000 after buying an additional 14,672 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Williams Companies by 145.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 95,359 shares of the pipeline company’s stock valued at $3,716,000 after purchasing an additional 56,509 shares during the period. Brendel Financial Advisors LLC increased its position in shares of Williams Companies by 0.8% during the third quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock valued at $2,370,000 after purchasing an additional 419 shares during the period. Mediolanum International Funds Ltd bought a new stake in shares of Williams Companies during the first quarter valued at approximately $2,364,000. Finally, M&G Plc bought a new stake in shares of Williams Companies during the first quarter valued at approximately $1,036,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WMB shares. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Royal Bank of Canada boosted their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. UBS Group boosted their price objective on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Bank of America began coverage on Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $48.62.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the transaction, the senior vice president now owns 304,200 shares in the company, valued at $13,777,218. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is owned by company insiders.

Williams Companies Stock Performance

Shares of NYSE:WMB opened at $52.29 on Tuesday. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $52.85. The firm has a market cap of $63.73 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 5.88 and a beta of 1.05. 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 business has a fifty day moving average of $47.31 and a 200-day moving average of $43.45.

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