Atria Investments Inc Decreases Position in The Williams Companies, Inc. (NYSE:WMB)

Atria Investments Inc decreased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 16.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 146,685 shares of the pipeline company's stock after selling 29,069 shares during the period. Atria Investments Inc's holdings in Williams Companies were worth $6,696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SouthState Corp bought a new position in Williams Companies during the 2nd quarter valued at about $31,000. GHP Investment Advisors Inc. bought a new position in shares of Williams Companies during the 2nd quarter worth approximately $34,000. Rosenberg Matthew Hamilton increased 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 purchasing an additional 252 shares in the last quarter. Quarry LP acquired a new stake in shares of Williams Companies in the second quarter worth $35,000. Finally, Kimelman & Baird LLC purchased a new stake in Williams Companies during the second quarter worth $42,000. Institutional investors own 86.44% of the company's stock.

Wall Street Analyst Weigh In

WMB has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Williams Companies from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 2nd. Morgan Stanley upgraded shares of 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 report on Friday, October 4th. Seaport Res Ptn downgraded shares of Williams Companies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 30th. UBS Group increased their price objective on shares of Williams Companies from $51.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, September 18th. Finally, Scotiabank raised their price target 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. 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. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $50.38.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the transaction, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 transaction of $90,580.00. Following the transaction, the senior vice president now directly owns 304,200 shares of the company's stock, valued at $13,777,218. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Mary A. Hausman sold 7,951 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the sale, the chief accounting officer now owns 25,858 shares of the company's stock, valued at $1,455,805.40. This trade represents a 0.00 % 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.

Williams Companies Stock Performance

Shares of NYSE WMB traded down $0.16 during mid-day trading on Tuesday, hitting $56.74. The company had a trading volume of 4,933,321 shares, compared to its average volume of 6,248,367. The company has a market capitalization of $69.17 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 6.37 and a beta of 1.03. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $57.33. The company has a current ratio of 0.57, a quick ratio of 0.39 and a debt-to-equity ratio of 1.67. The stock's 50-day moving average price is $49.03 and its 200-day moving average price is $44.54.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the company earned $0.45 earnings per share. The firm's quarterly revenue was up 3.7% on a year-over-year basis. On average, sell-side analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.35%. Williams Companies's dividend payout ratio is currently 80.17%.

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.