Investors Research Corp Decreases Holdings in The Williams Companies, Inc. (NYSE:WMB)

Investors Research Corp cut its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 77.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 757 shares of the pipeline company’s stock after selling 2,615 shares during the quarter. Investors Research Corp’s holdings in Williams Companies were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SouthState Corp bought a new position in Williams Companies in the second quarter worth about $31,000. Rosenberg Matthew Hamilton grew its position in Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after buying an additional 252 shares during the period. GHP Investment Advisors Inc. purchased a new stake in Williams Companies during the second quarter valued at approximately $34,000. Quarry LP purchased a new position in Williams Companies during the second quarter valued at $35,000. Finally, Fortitude Family Office LLC increased its stake 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 purchasing an additional 545 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

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 shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the transaction, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. This represents a 0.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

Shares of NYSE:WMB opened at $59.81 on Friday. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $60.04. The firm has a market cap of $72.90 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 6.04 and a beta of 1.03. The firm’s 50 day simple moving average is $51.06 and its 200-day simple moving average is $45.50. 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 announced its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the company posted $0.45 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. As a group, equities analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.18%. Williams Companies’s dividend payout ratio is currently 80.17%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WMB shares. Scotiabank raised their target price 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. Royal Bank of Canada increased their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Truist Financial boosted their price objective on Williams Companies from $42.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $52.00 to $58.00 in a report on Friday, October 4th. Finally, Barclays increased their price target on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Williams Companies presently has an average rating of “Hold” and an average target price of $51.54.

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.