BNC Wealth Management LLC Makes New Investment in The Williams Companies, Inc. (NYSE:WMB)

BNC Wealth Management LLC bought a new stake in The Williams Companies, Inc. (NYSE:WMB) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 69,231 shares of the pipeline company’s stock, valued at approximately $3,160,000. Williams Companies accounts for 1.2% of BNC Wealth Management LLC’s holdings, making the stock its 27th largest holding.

A number of other institutional investors have also added to or reduced their stakes in WMB. CVA Family Office LLC raised its holdings in shares of Williams Companies by 18.7% in the 3rd quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company’s stock worth $72,000 after acquiring an additional 249 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings in Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 252 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Williams Companies by 2.8% in the second quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock valued at $395,000 after purchasing an additional 257 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Williams Companies by 0.8% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,206 shares of the pipeline company’s stock valued at $1,326,000 after buying an additional 260 shares during the last quarter. Finally, Whittier Trust Co. raised its position in Williams Companies by 3.5% in the 3rd quarter. Whittier Trust Co. now owns 8,061 shares of the pipeline company’s stock valued at $368,000 after buying an additional 275 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Performance

NYSE WMB opened at $55.33 on Thursday. The firm has a market cap of $67.43 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 5.84 and a beta of 1.03. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The company’s 50 day moving average is $48.40 and its 200-day moving average is $44.14. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $55.79.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 earnings per share. Sell-side analysts predict 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 will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio is presently 81.55%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. CIBC upped their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Bank of America initiated coverage on shares of Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective for the company. Citigroup upped their target price on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Barclays lifted their price target on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $50.38.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.