HITE Hedge Asset Management LLC purchased a new stake in The Williams Companies, Inc. (NYSE:WMB - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm purchased 183,636 shares of the pipeline company's stock, valued at approximately $8,383,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp acquired a new stake in shares of Williams Companies in the second quarter valued at about $31,000. GHP Investment Advisors Inc. bought a new stake in Williams Companies during the second quarter worth $34,000. Rosenberg Matthew Hamilton grew its stake in shares of Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company's stock worth $34,000 after buying an additional 252 shares during the last quarter. Quarry LP acquired a new position in shares of Williams Companies during the second quarter worth $35,000. Finally, FSA Wealth Management LLC bought a new stake in Williams Companies in the third quarter valued at approximately $38,000. 86.44% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Bank of America began coverage on Williams Companies in a report on Thursday, October 17th. They issued a "buy" rating and a $55.00 target price on the stock. Mizuho raised their price objective on Williams Companies from $47.00 to $56.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Truist Financial raised their price objective on Williams Companies from $52.00 to $56.00 and gave the company a "hold" rating in a research note on Tuesday. Barclays raised their target price 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. Finally, Morgan Stanley raised Williams Companies from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $52.07.
Check Out Our Latest Stock Report on Williams Companies
Williams Companies Stock Up 0.2 %
WMB stock traded up $0.13 during trading on Tuesday, hitting $56.58. 6,948,147 shares of the company's stock traded hands, compared to its average volume of 6,300,237. The firm has a market capitalization of $68.97 billion, a P/E ratio of 23.89, a PEG ratio of 5.79 and a beta of 1.05. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $60.36. The business has a fifty day simple moving average of $52.65 and a two-hundred day simple moving average of $46.38.
Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate 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 net margin of 27.36% and a return on equity of 15.89%. The company's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. Sell-side analysts anticipate that The Williams Companies, Inc. will post 1.92 EPS for the current year.
Williams Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies's dividend payout ratio (DPR) is presently 80.17%.
Insider Transactions at Williams Companies
In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was 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 approximately $13,777,218. This represents a 0.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mary A. Hausman sold 7,951 shares of the business's stock in a transaction that occurred on Friday, November 8th. The shares were 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 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.
Williams Companies Company Profile
(
Free Report)
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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![Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=WMB)
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