Fifth Third Wealth Advisors LLC Acquires 20,542 Shares of The Williams Companies, Inc. (NYSE:WMB)

Fifth Third Wealth Advisors LLC lifted its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 124.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,084 shares of the pipeline company's stock after purchasing an additional 20,542 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Williams Companies were worth $1,693,000 as of its most recent SEC filing.

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

Insider Transactions at Williams Companies

In other Williams Companies news, 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 sale, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. The trade was a 0.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction on Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the sale, the chief accounting officer now owns 25,858 shares in the company, valued at $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.44% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WMB. Morgan Stanley raised Williams Companies from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $52.00 to $58.00 in a report on Friday, October 4th. Royal Bank of Canada boosted their price objective on Williams Companies from $47.00 to $56.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. CIBC boosted their price objective on Williams Companies from $45.00 to $54.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Scotiabank boosted their price objective on Williams Companies from $43.00 to $48.00 and gave the company a "sector perform" rating in a report on Thursday, August 8th. Finally, Truist Financial boosted their price objective on Williams Companies from $42.00 to $52.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Williams Companies presently has a consensus rating of "Hold" and a consensus price target of $51.54.

Williams Companies Price Performance

Shares of Williams Companies stock traded up $0.10 during midday trading on Wednesday, reaching $58.70. The company had a trading volume of 6,507,265 shares, compared to its average volume of 6,267,617. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $71.56 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 5.96 and a beta of 1.03. The stock has a fifty day simple moving average of $50.48 and a 200 day simple moving average of $45.31. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $59.17.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) 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 analysts' expectations of $2.52 billion. During the same period last year, the firm earned $0.45 earnings per share. The business's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Dividend Announcement

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 given a dividend of $0.475 per share. The ex-dividend date is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.24%. Williams Companies's dividend payout ratio is 80.17%.

Williams Companies Company 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.