FSA Wealth Management LLC Takes Position in The Williams Companies, Inc. (NYSE:WMB)

FSA Wealth Management LLC bought a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 824 shares of the pipeline company’s stock, valued at approximately $38,000.

A number of other institutional investors have also recently added to or reduced their stakes in WMB. American Century Companies Inc. lifted its position in Williams Companies by 20.1% during the 2nd quarter. American Century Companies Inc. now owns 6,117,298 shares of the pipeline company’s stock worth $259,985,000 after acquiring an additional 1,024,158 shares in the last quarter. Castle Hook Partners LP raised its stake in shares of Williams Companies by 31.7% during the third quarter. Castle Hook Partners LP now owns 2,989,278 shares of the pipeline company’s stock valued at $136,461,000 after purchasing an additional 718,915 shares during the period. Bahl & Gaynor Inc. lifted its position in shares of Williams Companies by 8.8% during the second quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company’s stock worth $325,726,000 after purchasing an additional 618,056 shares in the last quarter. Chickasaw Capital Management LLC grew its holdings in Williams Companies by 26.8% during the 3rd quarter. Chickasaw Capital Management LLC now owns 2,097,941 shares of the pipeline company’s stock valued at $95,771,000 after purchasing an additional 443,423 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Williams Companies by 102.2% during the 3rd quarter. SG Americas Securities LLC now owns 865,538 shares of the pipeline company’s stock valued at $39,512,000 after purchasing an additional 437,486 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on WMB. Scotiabank boosted their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Citigroup boosted their price target on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $52.00 to $58.00 in a research note on Friday, October 4th. CIBC lifted their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group increased their target price on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. 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 MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and a consensus target price of $51.79.

Insider Activity

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies 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 sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at $1,455,805.40. The trade was a 23.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $90,580.00. Following the transaction, the senior vice president now owns 304,200 shares of the company’s stock, valued at $13,777,218. This trade represents a 0.65 % 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 Price Performance

Shares of NYSE:WMB opened at $58.52 on Monday. The company has a market cap of $71.34 billion, a PE ratio of 24.69, a P/E/G ratio of 6.00 and a beta of 1.05. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $60.36. The firm has a 50-day simple moving average of $52.65 and a 200 day simple moving average of $46.38. 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 posted its earnings results 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 during 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%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 earnings per share. On average, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 yield of 3.25%. The ex-dividend date is Friday, December 13th. Williams Companies’s payout ratio is 80.17%.

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.