Thrivent Financial for Lutherans Has $19.58 Million Position in Williams Companies, Inc. (The) $WMB

Thrivent Financial for Lutherans decreased its position in Williams Companies, Inc. (The) (NYSE:WMB) by 9.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 309,077 shares of the pipeline company’s stock after selling 30,876 shares during the period. Thrivent Financial for Lutherans’ holdings in Williams Companies were worth $19,580,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WMB. Hartford Funds Management Co LLC acquired a new stake in Williams Companies during the second quarter worth $29,000. Private Wealth Management Group LLC raised its stake in shares of Williams Companies by 104.8% in the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after buying an additional 240 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Williams Companies during the 2nd quarter worth about $32,000. Salomon & Ludwin LLC acquired a new stake in shares of Williams Companies during the 3rd quarter valued at about $35,000. Finally, Legacy Investment Solutions LLC bought a new stake in Williams Companies in the second quarter valued at about $35,000. Institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WMB. Tudor Pickering upgraded shares of Williams Companies from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. BMO Capital Markets lowered their price objective on Williams Companies from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. TD Cowen raised their target price on Williams Companies from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Citigroup boosted their price target on Williams Companies from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, UBS Group reiterated a “buy” rating on shares of Williams Companies in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $68.64.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $66.39, for a total value of $132,780.00. Following the completion of the transaction, the senior vice president directly owned 293,545 shares of the company’s stock, valued at approximately $19,488,452.55. The trade was a 0.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 8,000 shares of company stock valued at $498,700. Company insiders own 0.44% of the company’s stock.

Williams Companies Trading Up 3.2%

WMB stock opened at $68.45 on Wednesday. The business has a fifty day moving average price of $61.47 and a 200 day moving average price of $60.21. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.42 and a quick ratio of 0.36. Williams Companies, Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $68.70. The stock has a market capitalization of $83.60 billion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 1.55 and a beta of 0.65.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, November 3rd. The pipeline company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.02). Williams Companies had a return on equity of 16.74% and a net margin of 20.61%.The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the previous year, the company posted $0.43 EPS. Williams Companies’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.10 dividend on an annualized basis and a yield of 3.1%. This is an increase from Williams Companies’s previous quarterly dividend of $0.50. Williams Companies’s payout ratio is currently 103.09%.

About Williams Companies

Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.