Independent Advisor Alliance Grows Position in The Williams Companies, Inc. (NYSE:WMB)

Independent Advisor Alliance increased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 17.6% during the third quarter, Holdings Channel reports. The institutional investor owned 14,094 shares of the pipeline company’s stock after buying an additional 2,114 shares during the quarter. Independent Advisor Alliance’s holdings in Williams Companies were worth $643,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. SouthState Corp purchased a new stake in shares of Williams Companies during the second quarter worth approximately $31,000. Rosenberg Matthew Hamilton increased its stake in Williams Companies by 50.4% in the third 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 Williams Companies in the second quarter valued at approximately $34,000. Quarry LP purchased a new position in Williams Companies in the second quarter valued at approximately $35,000. Finally, Fortitude Family Office LLC increased its stake in Williams Companies by 120.8% in the third quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock valued at $45,000 after purchasing an additional 545 shares during the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on WMB. Royal Bank of Canada increased their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Citigroup increased their price target on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Mizuho increased their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Bank of America started coverage on shares of Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 target price on the stock. Finally, Barclays raised their target price on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $51.79.

Williams Companies Trading Down 0.4 %

Shares of WMB stock opened at $58.14 on Thursday. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $60.36. The stock has a market cap of $70.87 billion, a P/E ratio of 24.53, a P/E/G ratio of 5.99 and a beta of 1.03. The business has a fifty day simple moving average of $52.12 and a 200-day simple moving average of $46.08. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last announced its quarterly 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 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 for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.45 earnings per share. On average, analysts forecast that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio is presently 80.17%.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated 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 owns 304,200 shares in the company, valued at $13,777,218. The trade was a 0.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the transaction, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

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.