The Williams Companies, Inc. (NYSE:WMB) Stock Position Raised by GM Advisory Group LLC

GM Advisory Group LLC boosted its holdings in The Williams Companies, Inc. (NYSE:WMB) by 20.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,409 shares of the pipeline company’s stock after acquiring an additional 3,138 shares during the period. GM Advisory Group LLC’s holdings in Williams Companies were worth $840,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in shares of Williams Companies by 74.9% during the first quarter. Bessemer Group Inc. now owns 79,126 shares of the pipeline company’s stock valued at $3,084,000 after acquiring an additional 33,888 shares during the period. EntryPoint Capital LLC bought a new position in Williams Companies in the 1st quarter worth about $50,000. CreativeOne Wealth LLC acquired a new stake in shares of Williams Companies in the first quarter valued at approximately $437,000. Freestone Capital Holdings LLC bought a new stake in shares of Williams Companies during the first quarter valued at approximately $428,000. Finally, Toronto Dominion Bank boosted its position in shares of Williams Companies by 2.3% during the first quarter. Toronto Dominion Bank now owns 713,452 shares of the pipeline company’s stock worth $27,803,000 after buying an additional 16,168 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WMB. Bank of America started coverage on Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 target price on the stock. Morgan Stanley upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $52.00 to $58.00 in a research note on Friday, October 4th. Citigroup increased 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. 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 report on Tuesday, November 5th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Williams Companies currently has a consensus rating of “Hold” and a consensus target price of $51.54.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $59.81 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The company has a market capitalization 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 stock has a fifty day moving average of $51.06 and a 200-day moving average of $45.50. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $60.04.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Williams Companies’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. As a group, equities analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is currently 80.17%.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 owns 304,200 shares in the company, valued at approximately $13,777,218. The trade was 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 the SEC website. Also, CAO Mary A. Hausman sold 7,951 shares of the 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 completion of the sale, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

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.