7,556 Shares in The Williams Companies, Inc. (NYSE:WMB) Purchased by Heritage Oak Wealth Advisors LLC

Heritage Oak Wealth Advisors LLC bought a new stake in The Williams Companies, Inc. (NYSE:WMB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,556 shares of the pipeline company’s stock, valued at approximately $345,000.

Other institutional investors also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its holdings in shares of Williams Companies by 15.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock worth $4,221,000 after acquiring an additional 14,672 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in Williams Companies by 145.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 95,359 shares of the pipeline company’s stock worth $3,716,000 after purchasing an additional 56,509 shares during the last quarter. Brendel Financial Advisors LLC increased its stake in shares of Williams Companies by 0.8% in the third quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock valued at $2,370,000 after purchasing an additional 419 shares during the period. Mediolanum International Funds Ltd bought a new stake in shares of Williams Companies during the first quarter valued at approximately $2,364,000. Finally, M&G Plc acquired a new position in shares of Williams Companies during the first quarter worth approximately $1,036,000. 86.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on WMB. UBS Group lifted their target price on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Bank of America initiated coverage on shares of Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective for the company. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $52.00 to $58.00 in a research note on Friday, October 4th. Seaport Res Ptn lowered shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, Scotiabank raised their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. One 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 MarketBeat.com, Williams Companies presently has an average rating of “Hold” and a consensus price target of $48.62.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’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 transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.44% of the stock is currently owned by insiders.

Williams Companies Trading Down 0.1 %

Shares of NYSE WMB traded down $0.04 during mid-day trading on Friday, hitting $52.58. 1,382,197 shares of the company traded hands, compared to its average volume of 6,229,778. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $52.85. The stock has a market capitalization of $64.08 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 5.87 and a beta of 1.05. The business has a 50 day moving average of $46.83 and a two-hundred day moving average of $43.14.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the firm earned $0.42 earnings per share. The business’s quarterly revenue was down 5.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.475 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.61%. Williams Companies’s payout ratio is currently 81.55%.

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.