TD Private Client Wealth LLC Sells 34,950 Shares of The Williams Companies, Inc. (NYSE:WMB)

TD Private Client Wealth LLC decreased its position in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 34.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 67,846 shares of the pipeline company's stock after selling 34,950 shares during the period. TD Private Client Wealth LLC's holdings in Williams Companies were worth $3,097,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Williams Companies in the third quarter worth approximately $30,000. SouthState Corp purchased a new stake in Williams Companies in the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. acquired a new stake in shares of Williams Companies during the 2nd quarter valued at $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 acquiring an additional 252 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Williams Companies in the second quarter worth $35,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WMB. Mizuho lifted their price objective on Williams Companies from $47.00 to $56.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Bank of America started coverage on Williams Companies in a report on Thursday, October 17th. They set a "buy" rating and a $55.00 price target for the company. UBS Group increased their price objective on Williams Companies from $55.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, November 15th. The Goldman Sachs Group lifted their target price on shares of Williams Companies from $45.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, November 26th. Finally, Barclays boosted 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Williams Companies currently has an average rating of "Hold" and a consensus target price of $52.07.

Insider Buying and Selling at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies 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 transaction, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the 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 directly owns 304,200 shares in the company, valued at approximately $13,777,218. This represents a 0.65 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.44% of the company's stock.

Williams Companies Stock Performance

Shares of NYSE WMB traded down $0.20 during trading hours on Thursday, hitting $55.19. 8,020,378 shares of the company's stock were exchanged, compared to its average volume of 6,351,326. 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's 50-day moving average price is $54.26 and its 200-day moving average price is $47.18. The stock has a market capitalization of $67.28 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 5.61 and a beta of 1.05. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $60.36.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 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 business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.44%. Williams Companies's dividend payout ratio is currently 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.