Wilmington Savings Fund Society FSB Takes $1.35 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Wilmington Savings Fund Society FSB purchased a new stake in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 29,493 shares of the pipeline company's stock, valued at approximately $1,346,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Williams Companies during the 3rd quarter valued at $30,000. SouthState Corp bought a new stake in Williams Companies in the second quarter valued at about $31,000. GHP Investment Advisors Inc. bought a new stake in Williams Companies during the second quarter worth about $34,000. Rosenberg Matthew Hamilton grew its stake 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 buying an additional 252 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Williams Companies during the second quarter worth approximately $35,000. Institutional investors own 86.44% of the company's stock.

Williams Companies Stock Performance

WMB stock traded down $0.28 during trading hours on Friday, reaching $54.43. The stock had a trading volume of 7,224,182 shares, compared to its average volume of 7,188,172. The stock has a 50-day simple moving average of $54.50 and a 200 day simple moving average of $47.39. 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 stock has a market capitalization of $66.35 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 5.60 and a beta of 1.05. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $60.36.

Williams Companies (NYSE:WMB - Get Free Report) last posted 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. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the firm posted $0.45 EPS. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts predict that The Williams Companies, Inc. will post 1.92 EPS 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 $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Friday, December 13th. Williams Companies's dividend payout ratio is currently 80.17%.

Analysts Set New Price Targets

WMB has been the subject of a number of analyst reports. Mizuho raised their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. The Goldman Sachs Group upped their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. UBS Group upped their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Citigroup increased their target price on shares of Williams Companies from $45.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Finally, Truist Financial upped their price objective on shares of Williams Companies from $52.00 to $56.00 and gave the stock a "hold" rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $52.07.

Insider Activity at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction 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 sale, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. This represents 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 the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the sale, the senior vice president now owns 304,200 shares in the company, 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. 0.44% of the stock is currently owned by insiders.

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.