BNC Wealth Management LLC Takes Position in The Williams Companies, Inc. (NYSE:WMB)

BNC Wealth Management LLC purchased a new position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 69,231 shares of the pipeline company's stock, valued at approximately $3,160,000. Williams Companies comprises about 1.2% of BNC Wealth Management LLC's holdings, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CVA Family Office LLC increased its holdings in Williams Companies by 18.7% in the 3rd quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company's stock valued at $72,000 after purchasing an additional 249 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings in Williams Companies by 50.4% in 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 during the last quarter. J.W. Cole Advisors Inc. increased its holdings in Williams Companies by 2.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company's stock valued at $395,000 after purchasing an additional 257 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings 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 purchasing an additional 260 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in Williams Companies by 3.5% in the 3rd quarter. Whittier Trust Co. now owns 8,061 shares of the pipeline company's stock valued at $368,000 after purchasing an additional 275 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Stock Up 0.1 %

Shares of WMB stock traded up $0.05 on Thursday, reaching $55.38. 2,807,073 shares of the stock were exchanged, compared to its average volume of 6,237,354. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The business's 50 day moving average price is $48.40 and its 200 day moving average price is $44.14. The company has a market capitalization of $67.49 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 5.84 and a beta of 1.03. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $55.79.

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, topping analysts' consensus estimates of $0.42 by $0.01. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company's revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.43%. Williams Companies's dividend payout ratio is presently 81.55%.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company's 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 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 legal filing with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WMB. Truist Financial lifted their target price on shares of Williams Companies from $42.00 to $52.00 and gave the company a "hold" rating in a report on Tuesday. Scotiabank lifted their target price on shares of Williams Companies from $43.00 to $48.00 and gave the company a "sector perform" rating in a report on Thursday, August 8th. Morgan Stanley upgraded shares of Williams Companies from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $52.00 to $58.00 in a research note on Friday, October 4th. 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. Finally, Mizuho boosted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday. 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 company's stock. Based on data from MarketBeat.com, Williams Companies presently has a consensus rating of "Hold" and an average price target of $50.38.

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.