Vectors Research Management LLC Sells 2,483 Shares of The Williams Companies, Inc. (NYSE:WMB)

Vectors Research Management LLC reduced its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 73,770 shares of the pipeline company’s stock after selling 2,483 shares during the period. Williams Companies makes up 1.0% of Vectors Research Management LLC’s investment portfolio, making the stock its 29th biggest position. Vectors Research Management LLC’s holdings in Williams Companies were worth $3,370,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SouthState Corp bought a new stake in shares of Williams Companies in the 2nd quarter worth approximately $31,000. Rosenberg Matthew Hamilton lifted 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 worth $34,000 after purchasing an additional 252 shares during the last quarter. GHP Investment Advisors Inc. purchased a new stake in Williams Companies during the second quarter valued at about $34,000. Quarry LP bought a new position in shares of Williams Companies during the second quarter valued at about $35,000. Finally, Fortitude Family Office LLC increased its holdings in shares of 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 buying an additional 545 shares during the period. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction that occurred on 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. 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 the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. This trade represents a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is owned by corporate insiders.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $55.58 on Friday. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $57.33. The firm has a market capitalization of $67.75 billion, a P/E ratio of 23.45, a P/E/G ratio of 5.73 and a beta of 1.03. 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 business has a fifty day simple moving average of $49.48 and a two-hundred day simple moving average of $44.74.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. Williams Companies’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. On average, equities analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a $0.475 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.42%. Williams Companies’s payout ratio is currently 80.17%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WMB. CIBC raised their price target on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Truist Financial upped their price target on shares of Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Bank of America began coverage on shares of Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target on the stock. Royal Bank of Canada upped their price objective 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. Finally, Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.