Bridges Investment Management Inc. Has $600,000 Stake in The Williams Companies, Inc. (NYSE:WMB)

Bridges Investment Management Inc. lowered its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 55.2% during the third quarter, HoldingsChannel.com reports. The fund owned 13,147 shares of the pipeline company’s stock after selling 16,206 shares during the quarter. Bridges Investment Management Inc.’s holdings in Williams Companies were worth $600,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. SouthState Corp bought a new stake in shares of Williams Companies during the 2nd quarter valued at about $31,000. GHP Investment Advisors Inc. acquired a new position in Williams Companies in the second quarter valued at approximately $34,000. Rosenberg Matthew Hamilton lifted its stake in Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after buying an additional 252 shares during the period. Quarry LP bought a new position in shares of Williams Companies during the 2nd quarter worth approximately $35,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Williams Companies during the 2nd quarter worth approximately $42,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Performance

NYSE WMB opened at $56.31 on Friday. The company has a fifty day moving average price of $48.81 and a 200-day moving average price of $44.34. The firm has a market cap of $68.64 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 6.37 and a beta of 1.03. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.39. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $56.80.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business posted $0.45 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 dividend on an annualized basis and a yield of 3.37%. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of research reports. Citigroup boosted their target price on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Mizuho upped their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Truist Financial raised their target price on Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Bank of America started coverage on Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 price target on the stock. Finally, Barclays raised their price objective on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. One research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.38.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the sale, the senior vice president now owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.44% of the company’s stock.

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.