Phillips Wealth Planners LLC Sells 4,995 Shares of The Williams Companies, Inc. (NYSE:WMB)

Phillips Wealth Planners LLC cut its position in The Williams Companies, Inc. (NYSE:WMB) by 13.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,687 shares of the pipeline company’s stock after selling 4,995 shares during the period. Williams Companies accounts for about 1.4% of Phillips Wealth Planners LLC’s investment portfolio, making the stock its 10th biggest position. Phillips Wealth Planners LLC’s holdings in Williams Companies were worth $1,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WMB. SouthState Corp acquired a new position in Williams Companies in the second quarter valued at about $31,000. GHP Investment Advisors Inc. bought a new position in shares of Williams Companies in the second quarter worth about $34,000. Rosenberg Matthew Hamilton raised its stake in shares of Williams Companies by 50.4% in the third 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 last quarter. Quarry LP bought a new position in shares of Williams Companies in the second quarter worth about $35,000. Finally, Kimelman & Baird LLC bought a new position in shares of Williams Companies in the second quarter worth about $42,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WMB. Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $52.00 to $58.00 in a research note on Friday, October 4th. Scotiabank boosted their target price on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Citigroup boosted their price target 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. Finally, CIBC boosted their price target on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $48.62.

Williams Companies Stock Down 1.5 %

Shares of NYSE:WMB opened at $51.56 on Friday. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $52.85. 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 capitalization of $62.84 billion, a PE ratio of 22.13, a PEG ratio of 5.87 and a beta of 1.03. The company has a 50 day moving average price of $47.90 and a two-hundred day moving average price of $43.77.

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

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.