Stifel Financial Corp Has $221.12 Million Stake in The Williams Companies, Inc. (NYSE:WMB)

Stifel Financial Corp trimmed its position in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,843,739 shares of the pipeline company's stock after selling 96,977 shares during the quarter. Stifel Financial Corp owned 0.40% of Williams Companies worth $221,118,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. SouthState Corp acquired a new position in shares of Williams Companies during the 2nd quarter worth $31,000. GHP Investment Advisors Inc. acquired a new stake in shares of Williams Companies in the 2nd quarter valued at approximately $34,000. Rosenberg Matthew Hamilton grew its holdings in shares of Williams Companies by 50.4% during 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. Quarry LP acquired a new position in Williams Companies during the 2nd quarter worth approximately $35,000. Finally, FSA Wealth Management LLC bought a new position in Williams Companies in the 3rd quarter valued at approximately $38,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Mary A. Hausman sold 7,951 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the transaction, the chief accounting officer now directly owns 25,858 shares of the company's stock, valued at $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $90,580.00. Following the completion of the sale, the senior vice president now directly owns 304,200 shares of the company's stock, valued at approximately $13,777,218. The trade was a 0.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WMB shares. CIBC boosted their target price 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. Mizuho boosted their price objective on Williams Companies from $47.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. The Goldman Sachs Group increased their target price on Williams Companies from $45.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. Bank of America began coverage on Williams Companies in a research note on Thursday, October 17th. They issued a "buy" rating and a $55.00 price objective for the company. Finally, Scotiabank lifted their target price on shares of Williams Companies from $43.00 to $48.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $52.07.

Williams Companies Trading Up 1.5 %

Shares of WMB stock traded up $0.86 during mid-day trading on Thursday, hitting $57.16. The company's stock had a trading volume of 7,307,744 shares, compared to its average volume of 6,311,109. The company has a market cap of $69.68 billion, a PE ratio of 24.38, a P/E/G ratio of 5.81 and a beta of 1.05. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The company's fifty day simple moving average is $53.28 and its 200-day simple moving average is $46.66. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $60.36.

Williams Companies (NYSE:WMB - Get Free Report) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, equities research analysts expect that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal 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 dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies's dividend payout ratio is presently 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.