Second Line Capital LLC Invests $241,000 in The Williams Companies, Inc. (NYSE:WMB)

Second Line Capital LLC bought a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,282 shares of the pipeline company’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new position in Williams Companies during the third quarter valued at $30,000. SouthState Corp purchased a new stake in shares of Williams Companies during the 2nd quarter valued at about $31,000. GHP Investment Advisors Inc. bought a new position in shares of Williams Companies in the 2nd quarter valued at about $34,000. Rosenberg Matthew Hamilton grew its position in Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 252 shares in the last quarter. Finally, Quarry LP bought a new stake in Williams Companies during the second quarter worth approximately $35,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the transaction, the chief accounting officer now directly owns 25,858 shares in the company, valued at approximately $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were 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 0.65 % 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 Trading Down 0.2 %

WMB opened at $54.56 on Wednesday. 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 stock’s fifty day moving average is $53.94 and its two-hundred day moving average is $47.03. The company has a market capitalization of $66.51 billion, a P/E ratio of 23.02, a PEG ratio of 5.84 and a beta of 1.05. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $60.36.

Williams Companies (NYSE:WMB) last announced its quarterly 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. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts forecast that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.48%. Williams Companies’s payout ratio is presently 80.17%.

Analysts Set New Price Targets

WMB has been the subject of several analyst reports. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $52.00 to $58.00 in a research note on Friday, October 4th. CIBC lifted their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Truist Financial increased their target price on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Citigroup raised their target price on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Barclays upped their price target on shares of 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, eight have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $52.07.

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.