Prime Capital Investment Advisors LLC Buys 764 Shares of The Williams Companies, Inc. (NYSE:WMB)

Prime Capital Investment Advisors LLC grew its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 6.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 11,829 shares of the pipeline company’s stock after acquiring an additional 764 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Williams Companies were worth $540,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. SouthState Corp bought a new position in shares of Williams Companies in the second quarter worth approximately $31,000. Rosenberg Matthew Hamilton boosted its stake in Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares during the last quarter. GHP Investment Advisors Inc. purchased a new position in shares of Williams Companies in the second quarter worth $34,000. Quarry LP purchased a new position in shares of Williams Companies in the second quarter worth $35,000. Finally, Fortitude Family Office LLC boosted its position in shares of Williams Companies by 120.8% during the third quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock valued at $45,000 after buying an additional 545 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $56.55 on Friday. The company has a market capitalization of $68.94 billion, a P/E ratio of 23.86, a P/E/G ratio of 5.73 and a beta of 1.03. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $57.33. The firm’s 50 day simple moving average is $49.69 and its two-hundred day simple moving average is $44.81. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51.

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

Williams Companies Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.36%. Williams Companies’s payout ratio is 80.17%.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction 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 completion of 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 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the sale, the chief accounting officer now 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. Insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Morgan Stanley upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $52.00 to $58.00 in a research note on Friday, October 4th. Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Bank of America assumed coverage on Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 price target on the stock. Scotiabank raised their target price on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. Finally, Barclays upped their price target on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. One equities 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. Based on data from MarketBeat.com, Williams Companies presently has an average rating of “Hold” and an average target price of $51.54.

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.