Wedmont Private Capital raised its position in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 3.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 19,192 shares of the pipeline company’s stock after acquiring an additional 717 shares during the period. Wedmont Private Capital’s holdings in Williams Companies were worth $953,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in WMB. Rise Advisors LLC bought a new position in shares of Williams Companies in the first quarter valued at approximately $27,000. SouthState Corp bought a new stake in Williams Companies during the second quarter worth $31,000. GHP Investment Advisors Inc. bought a new stake in Williams Companies during the second quarter worth $34,000. Quarry LP bought a new stake in Williams Companies during the second quarter worth $35,000. Finally, Fairman Group LLC bought a new stake in Williams Companies during the fourth quarter worth $31,000. Institutional investors and hedge funds own 86.44% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Seaport Res Ptn lowered Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. UBS Group boosted their target price on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Royal Bank of Canada lifted their price target on Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Finally, Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.08.
Williams Companies Price Performance
Williams Companies stock opened at $49.47 on Friday. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $49.94. The business has a 50-day simple moving average of $45.14 and a 200 day simple moving average of $42.26. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The stock has a market cap of $60.29 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 6.90 and a beta of 1.05.
Williams Companies (NYSE:WMB – Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue was down 5.9% compared to the same quarter last year. On average, research analysts forecast that The Williams Companies, Inc. will post 1.9 earnings per share for the current fiscal year.
Williams Companies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is currently 81.55%.
Insiders Place Their Bets
In related news, 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 completion of the sale, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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.
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