Linscomb Wealth Inc. Trims Holdings in The Williams Companies, Inc. (NYSE:WMB)

Linscomb Wealth Inc. trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 186,009 shares of the pipeline company’s stock after selling 1,952 shares during the period. Linscomb Wealth Inc.’s holdings in Williams Companies were worth $8,491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. SouthState Corp purchased a new stake in Williams Companies during the second quarter valued at $31,000. GHP Investment Advisors Inc. bought a new position in shares of Williams Companies in the second quarter worth approximately $34,000. Rosenberg Matthew Hamilton increased its stake in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after buying an additional 252 shares in the last quarter. Quarry LP bought a new position in Williams Companies in the 2nd quarter worth approximately $35,000. Finally, Kimelman & Baird LLC bought a new stake in Williams Companies in the 2nd quarter valued at $42,000. 86.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on WMB shares. StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $52.00 to $58.00 in a research report on Friday, October 4th. Barclays upped their price objective on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Mizuho upped their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $50.38.

Williams Companies Price Performance

Shares of WMB stock traded up $0.36 on Friday, reaching $55.94. 1,015,639 shares of the company were exchanged, compared to its average volume of 6,223,295. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $57.33. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The business has a 50-day moving average price of $49.69 and a 200 day moving average price of $44.81. The company has a market cap of $68.19 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 5.73 and a beta of 1.03.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Equities research analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s payout ratio is 80.17%.

Insider Activity

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the sale, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. This trade represents a 0.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction 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. The trade was a 23.52 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

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.