The Williams Companies, Inc. (NYSE:WMB) Position Increased by GM Advisory Group LLC

GM Advisory Group LLC boosted its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 20.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,409 shares of the pipeline company’s stock after purchasing an additional 3,138 shares during the period. GM Advisory Group LLC’s holdings in Williams Companies were worth $840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Williams Companies by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,239,210 shares of the pipeline company’s stock worth $330,470,000 after purchasing an additional 67,016 shares in the last quarter. L & S Advisors Inc increased its holdings in Williams Companies by 0.3% in the third quarter. L & S Advisors Inc now owns 78,548 shares of the pipeline company’s stock worth $3,586,000 after buying an additional 232 shares during the last quarter. Pacer Advisors Inc. raised its position in Williams Companies by 10.9% during the third quarter. Pacer Advisors Inc. now owns 912,627 shares of the pipeline company’s stock valued at $41,661,000 after acquiring an additional 89,635 shares in the last quarter. Intech Investment Management LLC lifted its stake in Williams Companies by 47.0% in the third quarter. Intech Investment Management LLC now owns 52,845 shares of the pipeline company’s stock valued at $2,412,000 after acquiring an additional 16,885 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Williams Companies by 22.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 146,333 shares of the pipeline company’s stock worth $6,680,000 after acquiring an additional 27,186 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction dated Friday, November 8th. The stock was 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 directly owns 25,858 shares of the company’s stock, valued at $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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. Insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WMB. Truist Financial raised their target price on Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Royal Bank of Canada increased their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. UBS Group lifted their price target on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Williams Companies has an average rating of “Hold” and an average price target of $51.54.

Williams Companies Trading Up 1.9 %

WMB stock opened at $59.81 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The firm has a market cap of $72.90 billion, a P/E ratio of 25.23, a P/E/G ratio of 6.04 and a beta of 1.03. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $60.04. The business’s 50 day moving average is $51.06 and its 200-day moving average is $45.50.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up 3.7% 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 fiscal year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be given a $0.475 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.18%. Williams Companies’s dividend payout ratio (DPR) is presently 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.