Kennebec Savings Bank Acquires Shares of 21,988 The Williams Companies, Inc. (NYSE:WMB)

Kennebec Savings Bank bought a new position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 21,988 shares of the pipeline company's stock, valued at approximately $1,004,000.

Several other institutional investors also recently modified their holdings of the stock. CVA Family Office LLC lifted its holdings 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 acquiring an additional 249 shares in the last quarter. Rosenberg Matthew Hamilton raised its stake 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 valued at $34,000 after purchasing an additional 252 shares during the period. J.W. Cole Advisors Inc. boosted its position in shares of Williams Companies by 2.8% during the second 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 position in shares of Williams Companies by 0.8% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,206 shares of the pipeline company's stock worth $1,326,000 after buying an additional 260 shares during the period. Finally, Whittier Trust Co. grew its holdings in shares of Williams Companies by 3.5% during the third quarter. Whittier Trust Co. now owns 8,061 shares of the pipeline company's stock worth $368,000 after buying an additional 275 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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 transaction of $90,580.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.44% of the company's stock.

Williams Companies Price Performance

WMB stock traded up $0.59 during midday trading on Monday, reaching $56.90. 5,239,787 shares of the stock were exchanged, compared to its average volume of 6,254,412. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $57.33. The company has a fifty day moving average price of $48.81 and a 200 day moving average price of $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 stock has a market capitalization of $69.36 billion, a PE ratio of 23.76, a P/E/G ratio of 6.37 and a beta of 1.03.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $2.52 billion. During the same period in the previous year, the business posted $0.45 earnings per share. The business's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, analysts expect that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be given a $0.475 dividend. The ex-dividend date of this dividend 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 presently 80.17%.

Analysts Set New Price Targets

WMB has been the subject of a number of recent research reports. Morgan Stanley raised Williams Companies from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. Scotiabank increased their price objective 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. Seaport Res Ptn downgraded shares of Williams Companies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 30th. StockNews.com downgraded shares of Williams Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Finally, Barclays upped their target price on shares of Williams Companies from $42.00 to $46.00 and gave the company an "equal weight" rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $50.38.

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.