Linscomb Wealth Inc. Has $8.49 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Linscomb Wealth Inc. cut its position in The Williams Companies, Inc. (NYSE:WMB) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 186,009 shares of the pipeline company’s stock after selling 1,952 shares during the period. Linscomb Wealth Inc.’s holdings in Williams Companies were worth $8,491,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. SouthState Corp acquired a new stake in Williams Companies during the 2nd quarter valued at $31,000. GHP Investment Advisors Inc. bought a new position in shares of Williams Companies in the second quarter worth about $34,000. Rosenberg Matthew Hamilton lifted its position in shares of Williams Companies by 50.4% during 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. Quarry LP acquired a new position in shares of Williams Companies during the second quarter worth approximately $35,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Williams Companies in the second quarter valued at approximately $42,000. 86.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the sale, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at approximately $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. Company insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

WMB has been the subject of several research reports. Barclays lifted their target price on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Citigroup upped their target price on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. UBS Group increased their price objective on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. CIBC lifted their target price on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Bank of America assumed coverage on Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $50.38.

Williams Companies Stock Up 0.6 %

NYSE WMB traded up $0.36 on Friday, reaching $55.94. The company had a trading volume of 1,015,639 shares, compared to its average volume of 6,223,295. The company’s fifty day moving average is $49.69 and its 200-day moving average is $44.81. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $57.33. The firm has a market capitalization of $68.19 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 5.73 and a beta of 1.03. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57.

Williams Companies (NYSE:WMB) last posted 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. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company earned $0.45 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. On average, research analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company 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 dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.40%. Williams Companies’s dividend payout ratio is currently 80.17%.

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.