Avidian Wealth Enterprises LLC Has $794,000 Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Avidian Wealth Enterprises LLC boosted its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,395 shares of the pipeline company’s stock after acquiring an additional 527 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Williams Companies were worth $794,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Blackstone Inc. boosted its holdings in shares of Williams Companies by 109.1% in the 1st quarter. Blackstone Inc. now owns 6,466,660 shares of the pipeline company’s stock worth $252,006,000 after acquiring an additional 3,373,800 shares in the last quarter. Castle Hook Partners LP bought a new stake in Williams Companies during the 1st quarter worth about $57,220,000. Clearbridge Investments LLC boosted its stake in shares of Williams Companies by 5.9% in the 1st quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock valued at $817,736,000 after purchasing an additional 1,175,628 shares during the last quarter. American Century Companies Inc. grew its holdings in Williams Companies by 20.1% during the 2nd quarter. American Century Companies Inc. now owns 6,117,298 shares of the pipeline company’s stock worth $259,985,000 after acquiring an additional 1,024,158 shares during the period. Finally, BROOKFIELD Corp ON increased its holdings in Williams Companies by 11.8% in the first quarter. BROOKFIELD Corp ON now owns 5,896,375 shares of the pipeline company’s stock valued at $229,782,000 after purchasing an additional 623,820 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Up 4.3 %

WMB opened at $55.33 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The business’s fifty day simple moving average is $48.40 and its 200 day simple moving average is $44.14. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $55.79. The stock has a market cap of $67.43 billion, a PE ratio of 23.75, a P/E/G ratio of 5.84 and a beta of 1.03.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the company posted $0.42 EPS. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, research analysts expect that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a $0.475 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.43%. Williams Companies’s payout ratio is 81.55%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Morgan Stanley upgraded shares of 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. Scotiabank boosted their target price on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. CIBC increased 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. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Barclays increased their price target on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $50.38.

Insider Activity

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the 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 sale, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.44% of the company’s stock.

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.