2,544 Shares in The Williams Companies, Inc. (NYSE:WMB) Bought by Quest Partners LLC

Quest Partners LLC bought a new stake in The Williams Companies, Inc. (NYSE:WMB) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,544 shares of the pipeline company’s stock, valued at approximately $116,000.

Several other large investors also recently modified their holdings of WMB. Dearborn Partners LLC grew its position in shares of Williams Companies by 1.1% in the 3rd quarter. Dearborn Partners LLC now owns 18,111 shares of the pipeline company’s stock valued at $827,000 after purchasing an additional 201 shares during the period. CVA Family Office LLC increased its position in shares of Williams Companies by 18.7% during the third quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company’s stock worth $72,000 after acquiring an additional 249 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in shares of Williams Companies by 50.4% during 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. J.W. Cole Advisors Inc. raised its holdings in shares of Williams Companies by 2.8% during the second quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock worth $395,000 after acquiring an additional 257 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in Williams Companies by 0.8% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,206 shares of the pipeline company’s stock valued at $1,326,000 after acquiring an additional 260 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Price Performance

Shares of NYSE WMB opened at $58.54 on Friday. 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 price is $52.65 and its two-hundred day moving average price is $46.30. The company has a market cap of $71.36 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 5.96 and a beta of 1.03. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $60.36.

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

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors 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 80.17%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WMB shares. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $52.00 to $58.00 in a report on Friday, October 4th. Truist Financial lifted their target price on Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Scotiabank upped their price target on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. CIBC lifted their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada increased their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $51.79.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the sale, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. The trade was a 0.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction 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 transaction, the chief accounting officer now 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 currently owned by insiders.

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.