Larson Financial Group LLC Grows Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Larson Financial Group LLC boosted its position in The Williams Companies, Inc. (NYSE:WMB) by 4.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 60,626 shares of the pipeline company’s stock after buying an additional 2,541 shares during the period. Larson Financial Group LLC’s holdings in Williams Companies were worth $2,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. SouthState Corp purchased a new stake in shares of Williams Companies in the second quarter valued at about $31,000. GHP Investment Advisors Inc. purchased a new stake in shares of Williams Companies in the second quarter valued at approximately $34,000. Rosenberg Matthew Hamilton grew its holdings 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 acquiring an additional 252 shares during the period. Quarry LP purchased a new position in Williams Companies in the second quarter worth $35,000. Finally, Kimelman & Baird LLC acquired a new stake in Williams Companies in the second quarter valued at $42,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the transaction, the chief accounting officer now directly owns 25,858 shares in the company, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were 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 of the company’s stock, valued at approximately $13,777,218. This represents 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 company insiders.

Williams Companies Price Performance

Shares of NYSE WMB opened at $59.65 on Friday. The firm has a market cap of $72.71 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 6.14 and a beta of 1.03. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The business has a 50 day moving average price of $51.35 and a two-hundred day moving average price of $45.69. 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) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, topping 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 company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the business earned $0.45 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts expect that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors 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 3.19%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio is currently 80.17%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Truist Financial increased their target price on shares of Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Scotiabank boosted their price target on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Royal Bank of Canada raised their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Barclays lifted their price target on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Finally, StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $51.54.

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.