The Williams Companies, Inc. (NYSE:WMB) Holdings Lifted by Freedom Day Solutions LLC

Freedom Day Solutions LLC boosted its holdings in The Williams Companies, Inc. (NYSE:WMB) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,055 shares of the pipeline company’s stock after acquiring an additional 384 shares during the quarter. Freedom Day Solutions LLC’s holdings in Williams Companies were worth $870,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. SouthState Corp acquired a new stake in Williams Companies during the second quarter valued at approximately $31,000. GHP Investment Advisors Inc. acquired a new position in shares of Williams Companies in the 2nd quarter worth $34,000. Quarry LP acquired a new stake in shares of Williams Companies during the second quarter worth $35,000. Kimelman & Baird LLC purchased a new stake in shares of Williams Companies during the second quarter valued at $42,000. Finally, EntryPoint Capital LLC purchased a new position in Williams Companies in the 1st quarter worth about $50,000. Institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on WMB shares. UBS Group lifted their target price on shares of Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Barclays boosted their target price on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada lifted their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Citigroup raised their price objective on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, CIBC upped their target price on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday. One research 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.com, the stock has a consensus rating of “Hold” and an average target price of $48.62.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 304,200 shares in the company, valued at $13,777,218. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Stock Up 0.7 %

WMB stock opened at $52.62 on Friday. The firm has a market cap of $64.13 billion, a PE ratio of 22.58, a PEG ratio of 5.87 and a beta of 1.05. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $52.82. The company has a fifty day simple moving average of $46.83 and a 200 day simple moving average of $43.14. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64.

Williams Companies (NYSE:WMB) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the firm posted $0.42 earnings per share. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. Sell-side analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Announces Dividend

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

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.