Aureus Asset Management LLC Has $5.52 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

Aureus Asset Management LLC boosted its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 6.6% in the third quarter, HoldingsChannel reports. The fund owned 120,819 shares of the pipeline company’s stock after buying an additional 7,533 shares during the quarter. Aureus Asset Management LLC’s holdings in Williams Companies were worth $5,515,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Brooklyn Investment Group raised its stake in shares of Williams Companies by 2.6% during the 3rd quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock worth $357,000 after purchasing an additional 197 shares in the last quarter. Dearborn Partners LLC raised its stake in shares of Williams Companies by 1.1% during the 3rd quarter. Dearborn Partners LLC now owns 18,111 shares of the pipeline company’s stock worth $827,000 after purchasing an additional 201 shares in the last quarter. L & S Advisors Inc raised its stake in shares of Williams Companies by 0.3% during the 3rd quarter. L & S Advisors Inc now owns 78,548 shares of the pipeline company’s stock worth $3,586,000 after purchasing an additional 232 shares in the last quarter. CVA Family Office LLC raised its stake in shares of Williams Companies by 18.7% during the 3rd quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company’s stock worth $72,000 after purchasing an additional 249 shares in the last quarter. Finally, Rosenberg Matthew Hamilton raised its stake in shares of Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 252 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $58.52 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The business’s 50 day moving average is $52.65 and its two-hundred day moving average is $46.38. The company has a market cap of $71.34 billion, a P/E ratio of 24.69, a P/E/G ratio of 6.00 and a beta of 1.05. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $60.36.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business posted $0.45 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts expect that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Friday, December 13th. Williams Companies’s payout ratio is presently 80.17%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WMB. Royal Bank of Canada raised their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. 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 price target for the company. The Goldman Sachs Group raised their price objective on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Truist Financial raised their price objective on Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Citigroup raised their price objective on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $51.79.

Insider Transactions at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value 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. 0.44% of the stock is owned by insiders.

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.