World Investment Advisors LLC bought a new stake in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,929 shares of the pipeline company's stock, valued at approximately $545,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in Williams Companies during the 3rd quarter valued at about $30,000. SouthState Corp purchased a new position in Williams Companies during the 2nd quarter valued at about $31,000. Rosenberg Matthew Hamilton grew its stake in Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company's stock valued at $34,000 after acquiring an additional 252 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in Williams Companies during the 2nd quarter valued at about $34,000. Finally, Quarry LP purchased a new position in Williams Companies during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 86.44% of the company's stock.
Shares of WMB stock opened at $53.69 on Wednesday. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $60.36. The firm has a market cap of $65.45 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 5.60 and a beta of 1.05. The stock has a 50 day moving average of $54.68 and a 200-day moving average of $47.62. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67.
Williams Companies (NYSE:WMB - Get Free Report) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Williams Companies's revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. On average, equities analysts predict that The Williams Companies, Inc. will post 1.92 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies's dividend payout ratio (DPR) is 80.17%.
In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the transaction, the chief accounting officer now directly owns 25,858 shares of the company's stock, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction 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 transaction, 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 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.44% of the company's stock.
WMB has been the subject of several recent research reports. Citigroup boosted their price target on Williams Companies from $45.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Barclays boosted their price target on Williams Companies from $42.00 to $46.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 2nd. Truist Financial boosted their price target on Williams Companies from $52.00 to $56.00 and gave the company a "hold" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada boosted their price target on Williams Companies from $47.00 to $56.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Finally, Mizuho boosted their price target on Williams Companies from $47.00 to $56.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $52.07.
Get Our Latest Analysis on WMB
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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