Prime Capital Investment Advisors LLC Boosts Stake in The Williams Companies, Inc. (NYSE:WMB)

Prime Capital Investment Advisors LLC increased its stake in The Williams Companies, Inc. (NYSE:WMB) by 6.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,829 shares of the pipeline company’s stock after acquiring an additional 764 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Williams Companies were worth $540,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WMB. Sumitomo Mitsui Trust Group Inc. lifted its stake in Williams Companies by 1.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,873,473 shares of the pipeline company’s stock worth $131,174,000 after purchasing an additional 38,594 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Williams Companies by 6.3% during the 3rd quarter. Apollon Wealth Management LLC now owns 32,120 shares of the pipeline company’s stock valued at $1,466,000 after buying an additional 1,917 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position in Williams Companies by 44.0% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 21,494 shares of the pipeline company’s stock worth $981,000 after buying an additional 6,565 shares during the last quarter. Jag Capital Management LLC boosted its stake in Williams Companies by 24.0% in the third quarter. Jag Capital Management LLC now owns 9,310 shares of the pipeline company’s stock worth $425,000 after buying an additional 1,800 shares in the last quarter. Finally, Kennebec Savings Bank bought a new position in Williams Companies during the third quarter valued at approximately $1,004,000. Institutional investors own 86.44% of the company’s stock.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the transaction, the senior vice president now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $447,641.30. Following the sale, 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 disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial boosted their price target on shares of Williams Companies from $42.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Mizuho upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $52.00 to $58.00 in a report on Friday, October 4th. Finally, Scotiabank increased their target price 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, seven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Williams Companies has a consensus rating of “Hold” and a consensus price target of $51.54.

Williams Companies Price Performance

Shares of Williams Companies stock opened at $56.55 on Friday. The business has a 50 day moving average of $49.69 and a 200 day moving average of $44.81. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $57.33. The company has a market cap of $68.94 billion, a PE ratio of 23.86, a P/E/G ratio of 5.73 and a beta of 1.03. 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 issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. As a group, equities research analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Dividend Announcement

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 is Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.36%. Williams Companies’s payout ratio is 80.17%.

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.