Zions Bancorporation N.A. Decreases Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Zions Bancorporation N.A. trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 36.7% during the 3rd quarter, Holdings Channel reports. The fund owned 127,557 shares of the pipeline company’s stock after selling 73,904 shares during the period. Zions Bancorporation N.A.’s holdings in Williams Companies were worth $5,823,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. SouthState Corp purchased a new stake in Williams Companies in the second quarter worth $31,000. Rosenberg Matthew Hamilton grew its position in shares of Williams Companies by 50.4% during 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. GHP Investment Advisors Inc. bought a new stake in Williams Companies during the second quarter valued at about $34,000. Quarry LP bought a new stake in Williams Companies during the second quarter valued at about $35,000. Finally, Fortitude Family Office LLC boosted its holdings in Williams Companies by 120.8% in the third quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock worth $45,000 after acquiring an additional 545 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the sale, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at $1,455,805.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the transaction, the senior vice president now owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value of $447,641.30. Following the transaction, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Down 2.0 %

Shares of WMB opened at $55.60 on Thursday. 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. The stock’s 50 day moving average is $49.48 and its two-hundred day moving average is $44.74. The firm has a market cap of $67.78 billion, a P/E ratio of 23.46, a PEG ratio of 5.56 and a beta of 1.03.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Williams Companies’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. Analysts predict that The Williams Companies, Inc. will post 2.01 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend 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%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WMB. Bank of America began coverage on Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target for the company. UBS Group raised their price objective on Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Royal Bank of Canada raised their price objective on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. CIBC raised their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $52.00 to $58.00 in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.38.

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.