Freedom Day Solutions LLC Buys 384 Shares of The Williams Companies, Inc. (NYSE:WMB)

Freedom Day Solutions LLC increased its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,055 shares of the pipeline company’s stock after acquiring an additional 384 shares during the period. Freedom Day Solutions LLC’s holdings in Williams Companies were worth $870,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. O Shaughnessy Asset Management LLC lifted its holdings in shares of Williams Companies by 15.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock valued at $4,221,000 after acquiring an additional 14,672 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Williams Companies by 145.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 95,359 shares of the pipeline company’s stock valued at $3,716,000 after purchasing an additional 56,509 shares during the last quarter. Brendel Financial Advisors LLC lifted its holdings in Williams Companies by 0.8% during the 3rd quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock valued at $2,370,000 after purchasing an additional 419 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in Williams Companies in the first quarter valued at about $2,364,000. Finally, M&G Plc bought a new stake in Williams Companies during the first quarter worth about $1,036,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Performance

Williams Companies stock opened at $52.62 on Friday. The company has a market cap of $64.13 billion, a PE ratio of 22.58, a PEG ratio of 5.87 and a beta of 1.05. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $52.82. The company’s 50-day moving average is $46.83 and its two-hundred day moving average is $43.14.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. Williams Companies’s revenue for the quarter was down 5.9% compared to the same quarter last year. Equities analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.475 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.61%. Williams Companies’s dividend payout ratio is currently 81.55%.

Analysts Set New Price Targets

Several research analysts have recently commented on WMB shares. Royal Bank of Canada boosted their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. CIBC boosted their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday. Bank of America began coverage on Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 target price on the stock. UBS Group lifted their price target on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Citigroup increased their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.62.

Insider Buying and Selling

In other Williams Companies news, 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 value of $90,580.00. Following the transaction, the senior vice president now owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.44% of the stock is owned by insiders.

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.