The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its holdings in The Williams Companies, Inc. (NYSE:WMB) by 13.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 326,159 shares of the pipeline company’s stock after selling 49,964 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Williams Companies were worth $14,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. QRG Capital Management Inc. increased its stake in Williams Companies by 9.1% during the first quarter. QRG Capital Management Inc. now owns 29,396 shares of the pipeline company’s stock worth $1,146,000 after acquiring an additional 2,442 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Williams Companies by 9.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 31,557 shares of the pipeline company’s stock worth $1,230,000 after purchasing an additional 2,666 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Williams Companies by 13.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 116,052 shares of the pipeline company’s stock worth $4,523,000 after purchasing an additional 13,709 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in Williams Companies by 15.5% in the first quarter. Kingsview Wealth Management LLC now owns 113,503 shares of the pipeline company’s stock valued at $4,423,000 after buying an additional 15,232 shares during the period. Finally, HBK Sorce Advisory LLC lifted its position in Williams Companies by 2.8% during the first quarter. HBK Sorce Advisory LLC now owns 13,690 shares of the pipeline company’s stock valued at $534,000 after buying an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the subject of several recent research reports. Citigroup increased their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Royal Bank of Canada increased their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Barclays increased their target price 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. Finally, Truist Financial boosted their price target on Williams Companies from $42.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.38.

Williams Companies Stock Down 2.0 %

Shares of NYSE:WMB opened at $55.60 on Thursday. The firm has a market cap of $67.78 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 5.56 and a beta of 1.03. The company has a fifty day simple moving average of $49.25 and a 200 day simple moving average of $44.66. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $57.33.

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, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. On average, equities research analysts anticipate that The Williams Companies, Inc. will post 2.01 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 yield of 3.42%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio is presently 80.17%.

Insiders Place Their Bets

In related news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, 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 completion of the sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. This trade represents a 0.00 % 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 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.