Providence Capital Advisors LLC Acquires 574 Shares of The Williams Companies, Inc. (NYSE:WMB)

Providence Capital Advisors LLC boosted its holdings in The Williams Companies, Inc. (NYSE:WMB) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,599 shares of the pipeline company’s stock after purchasing an additional 574 shares during the quarter. Providence Capital Advisors LLC’s holdings in Williams Companies were worth $2,264,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. SouthState Corp bought a new stake in Williams Companies in the second quarter worth approximately $31,000. Rosenberg Matthew Hamilton increased its holdings in Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 252 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in Williams Companies in the second quarter worth approximately $34,000. Quarry LP bought a new stake in Williams Companies in the second quarter worth approximately $35,000. Finally, Fortitude Family Office LLC increased 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 purchasing an additional 545 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Mary A. Hausman sold 7,951 shares of the company’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 transaction, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This represents a 23.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. This represents a 0.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

Williams Companies Stock Down 0.4 %

WMB stock opened at $58.14 on Thursday. The stock’s fifty day simple moving average is $52.12 and its two-hundred day simple moving average is $46.08. 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 1-year low of $32.65 and a 1-year 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 6.01 and a beta of 1.03.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data 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. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. Analysts expect that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Mizuho lifted their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. UBS Group boosted their price objective on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 15th. CIBC boosted their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Scotiabank boosted their price objective on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $51.79.

About Williams Companies

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.