OneAscent Financial Services LLC Takes $506,000 Position in The Williams Companies, Inc. (NYSE:WMB)

OneAscent Financial Services LLC bought a new position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,075 shares of the pipeline company's stock, valued at approximately $506,000.

Other hedge funds have also made changes to their positions in the company. SouthState Corp purchased a new position in Williams Companies during the second quarter worth about $31,000. GHP Investment Advisors Inc. purchased a new position in Williams Companies during the second quarter worth about $34,000. Rosenberg Matthew Hamilton raised its holdings in 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 purchasing an additional 252 shares in the last quarter. Quarry LP purchased a new position in Williams Companies during the second quarter worth about $35,000. Finally, Kimelman & Baird LLC purchased a new position in Williams Companies during the second quarter worth about $42,000. Institutional investors and hedge funds own 86.44% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on WMB. Truist Financial increased their price target on shares of Williams Companies from $42.00 to $52.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Scotiabank increased 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 raised shares of Williams Companies from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $52.00 to $58.00 in a report on Friday, October 4th. Seaport Res Ptn cut shares of Williams Companies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 30th. Finally, Citigroup increased their target price on shares of Williams Companies from $45.00 to $52.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Williams Companies presently has an average rating of "Hold" and an average price target of $51.54.

Williams Companies Stock Up 1.3 %

Williams Companies stock traded up $0.74 during midday trading on Tuesday, hitting $58.60. 6,485,394 shares of the stock were exchanged, compared to its average volume of 6,263,906. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $58.69. The firm has a market cap of $71.43 billion, a P/E ratio of 24.73, a P/E/G ratio of 5.83 and a beta of 1.03. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The company has a 50 day moving average price of $50.48 and a two-hundred day moving average price of $45.31.

Williams Companies (NYSE:WMB - Get Free Report) last released its 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. The company 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 27.36% and a return on equity of 15.89%. The company's revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. On average, sell-side analysts predict that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm 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. This represents a $1.90 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Friday, December 13th. Williams Companies's dividend payout ratio (DPR) is presently 80.17%.

Insider Activity

In other news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 25,858 shares of the company's stock, valued at approximately $1,455,805.40. The trade was a 23.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $90,580.00. Following the completion of the transaction, the senior vice president now directly owns 304,200 shares of the company's stock, valued at $13,777,218. This trade represents a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.44% of the company's stock.

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.