The Williams Companies, Inc. (NYSE:WMB) Holdings Decreased by Prudent Man Advisors LLC

Prudent Man Advisors LLC cut its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 17.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,701 shares of the pipeline company’s stock after selling 3,436 shares during the quarter. Prudent Man Advisors LLC’s holdings in Williams Companies were worth $762,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. SouthState Corp acquired a new position in Williams Companies in the 2nd quarter valued at approximately $31,000. GHP Investment Advisors Inc. purchased a new position in Williams Companies in the second quarter valued at about $34,000. Rosenberg Matthew Hamilton increased its position in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 252 shares during the last quarter. Quarry LP purchased a new stake in shares of Williams Companies during the 2nd quarter worth about $35,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Williams Companies during the 2nd quarter valued at about $42,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Up 1.7 %

Shares of WMB opened at $56.55 on Monday. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $57.33. The firm has a market capitalization of $68.94 billion, a P/E ratio of 23.86, a P/E/G ratio of 5.83 and a beta of 1.03. The company has a 50-day simple moving average of $49.94 and a 200-day simple moving average of $45.03. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. On average, equities research 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 declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.36%. The ex-dividend date is Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Insider Activity

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 sale, the senior vice president now owns 304,200 shares of the company’s stock, valued at $13,777,218. The trade was a 0.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 of the company’s stock, valued at $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Truist Financial increased their price target on shares of Williams Companies from $42.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Barclays upped their price target on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Mizuho boosted their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. UBS Group increased their price target on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday. Finally, Scotiabank upped their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Williams Companies has a consensus rating of “Hold” and a consensus price target of $51.54.

Williams Companies 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.