The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by Huntington National Bank

Huntington National Bank raised its stake in The Williams Companies, Inc. (NYSE:WMB) by 29.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 25,091 shares of the pipeline company’s stock after buying an additional 5,742 shares during the quarter. Huntington National Bank’s holdings in Williams Companies were worth $1,145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC lifted its position in Williams Companies by 18.7% in the third 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 during the period. Rosenberg Matthew Hamilton lifted its position in shares of Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 252 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Williams Companies by 2.8% in the second quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock worth $395,000 after buying an additional 257 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in Williams Companies by 0.8% during 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. Finally, Whittier Trust Co. increased its stake in Williams Companies by 3.5% in the 3rd quarter. Whittier Trust Co. now owns 8,061 shares of the pipeline company’s stock valued at $368,000 after buying an additional 275 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Shares of WMB stock opened at $56.55 on Friday. The stock has a 50-day moving average of $49.69 and a 200-day moving average of $44.81. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $57.33. The stock has a market cap of $68.94 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 5.73 and a beta of 1.03. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51.

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 the consensus estimate of $0.42 by $0.01. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.45 earnings per share. As a group, sell-side analysts expect that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm 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 3.36%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Analysts Set New Price Targets

WMB has been the topic of a number of recent research reports. Scotiabank raised their price target on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Citigroup lifted their price target on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. UBS Group upped their price objective on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada lifted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.54.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This represents a 0.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,455,805.40. This trade represents 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.

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.