Axxcess Wealth Management LLC Buys 25,828 Shares of The Williams Companies, Inc. (NYSE:WMB)

Axxcess Wealth Management LLC lifted its position in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 70.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,692 shares of the pipeline company's stock after buying an additional 25,828 shares during the quarter. Axxcess Wealth Management LLC's holdings in Williams Companies were worth $2,862,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC lifted its stake in Williams Companies by 18.7% during the third quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company's stock worth $72,000 after purchasing an additional 249 shares during the period. Rosenberg Matthew Hamilton raised its holdings in shares of Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company's stock worth $34,000 after buying an additional 252 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Williams Companies by 2.8% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company's stock worth $395,000 after buying an additional 257 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Williams Companies by 0.8% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,206 shares of the pipeline company's stock valued at $1,326,000 after buying an additional 260 shares in the last quarter. Finally, Whittier Trust Co. grew its position in Williams Companies by 3.5% in the third quarter. Whittier Trust Co. now owns 8,061 shares of the pipeline company's stock valued at $368,000 after acquiring an additional 275 shares during the period. Institutional investors and hedge funds own 86.44% of the company's stock.

Insider Activity at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated 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 of the company's stock, valued at $13,777,218. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.44% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

WMB has been the subject of a number of analyst reports. UBS Group lifted their price objective on Williams Companies from $51.00 to $55.00 and gave the company a "buy" rating in a report on Wednesday, September 18th. CIBC lifted their price target on shares of Williams Companies from $45.00 to $54.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Royal Bank of Canada upped their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Citigroup lifted their target price on shares of Williams Companies from $45.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Finally, Morgan Stanley upgraded Williams Companies from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $50.38.

Williams Companies Trading Up 1.0 %

Shares of Williams Companies stock traded up $0.59 during trading on Monday, hitting $56.90. 5,239,787 shares of the company were exchanged, compared to its average volume of 6,254,412. The firm has a market capitalization of $69.36 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 6.37 and a beta of 1.03. The firm's fifty day moving average price is $48.81 and its 200 day moving average price is $44.42. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.39. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $57.33.

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

Williams Companies Announces Dividend

The company also recently declared 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 is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.34%. Williams Companies's dividend payout ratio (DPR) is 80.17%.

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.