Diversify Wealth Management LLC Sells 6,357 Shares of The Williams Companies, Inc. (NYSE:WMB)

by · The Cerbat Gem

Diversify Wealth Management LLC cut its position in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 29.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,364 shares of the pipeline company’s stock after selling 6,357 shares during the period. Diversify Wealth Management LLC’s holdings in Williams Companies were worth $701,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pinnacle Associates Ltd. lifted its holdings in shares of Williams Companies by 36.4% in the third quarter. Pinnacle Associates Ltd. now owns 10,727 shares of the pipeline company’s stock valued at $490,000 after purchasing an additional 2,865 shares in the last quarter. First Trust Direct Indexing L.P. boosted its position in Williams Companies by 5.2% during the third quarter. First Trust Direct Indexing L.P. now owns 47,518 shares of the pipeline company’s stock valued at $2,169,000 after purchasing an additional 2,354 shares during the last quarter. Adell Harriman & Carpenter Inc. grew its stake in Williams Companies by 0.8% in the third quarter. Adell Harriman & Carpenter Inc. now owns 452,406 shares of the pipeline company’s stock valued at $20,652,000 after purchasing an additional 3,495 shares in the last quarter. Fidelis Capital Partners LLC boosted its holdings in shares of Williams Companies by 1.5% in the 3rd quarter. Fidelis Capital Partners LLC now owns 26,625 shares of the pipeline company’s stock valued at $1,215,000 after buying an additional 388 shares during the last quarter. Finally, Fortitude Family Office LLC grew its position in shares of Williams Companies by 120.8% in the 3rd quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock valued at $45,000 after acquiring an additional 545 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $52.00 to $58.00 in a research report on Friday, October 4th. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Barclays upped their price objective on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Finally, Citigroup lifted their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. 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. According to data from MarketBeat.com, Williams Companies currently has an average rating of “Hold” and a consensus target price of $48.62.

Get Our Latest Stock Analysis on Williams Companies

Williams Companies Stock Performance

Shares of NYSE:WMB opened at $52.38 on Friday. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $52.85. The stock has a market capitalization of $63.84 billion, a price-to-earnings ratio of 22.48, 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 current ratio of 0.45 and a quick ratio of 0.39. The company’s 50 day simple moving average is $47.78 and its 200 day simple moving average is $43.67.

Williams Companies (NYSE:WMB – Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the company posted $0.42 EPS. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, research analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 sale, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.44% of the company’s stock.

Williams Companies Company Profile

(Free Report)

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.

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