Verdence Capital Advisors LLC Has $1.07 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Verdence Capital Advisors LLC decreased its position in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 36.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,444 shares of the pipeline company's stock after selling 13,628 shares during the quarter. Verdence Capital Advisors LLC's holdings in Williams Companies were worth $1,070,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. SouthState Corp acquired a new stake in shares of Williams Companies in the 2nd quarter worth about $31,000. Rosenberg Matthew Hamilton boosted its position 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 period. GHP Investment Advisors Inc. bought a new position in Williams Companies in the 2nd quarter worth approximately $34,000. Quarry LP acquired a new stake in Williams Companies in the 2nd quarter valued at approximately $35,000. Finally, Fortitude Family Office LLC increased its stake in Williams Companies by 120.8% during the 3rd quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company's stock valued at $45,000 after buying an additional 545 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business's 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 transaction, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.44% of the stock is currently owned by insiders.

Williams Companies Stock Performance

Shares of NYSE:WMB traded up $0.84 during trading on Monday, reaching $57.15. The stock had a trading volume of 2,998,126 shares, compared to its average volume of 6,239,619. The stock has a fifty day simple moving average of $48.81 and a two-hundred day simple moving average of $44.42. The company has a quick ratio of 0.39, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $57.33. The firm has a market capitalization of $69.67 billion, a price-to-earnings 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 issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $2.52 billion. During the same period last year, the business posted $0.45 earnings per share. The firm's revenue was up 3.7% compared to the same quarter last year. As a group, analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a $0.475 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.32%. Williams Companies's payout ratio is 80.17%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on WMB shares. Truist Financial increased their price objective on shares of Williams Companies from $42.00 to $52.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. Scotiabank increased their price target on Williams Companies from $43.00 to $48.00 and gave the company a "sector perform" rating in a research report on Thursday, August 8th. Citigroup upped their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. UBS Group boosted their price target on shares of Williams Companies from $51.00 to $55.00 and gave the company a "buy" rating in a report on Wednesday, September 18th. Finally, Mizuho lifted their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $50.38.

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.