Thompson Siegel & Walmsley LLC Sells 251,780 Shares of The Williams Companies, Inc. (NYSE:WMB)

Thompson Siegel & Walmsley LLC reduced its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 12.2% in the third quarter, HoldingsChannel reports. The firm owned 1,806,729 shares of the pipeline company’s stock after selling 251,780 shares during the quarter. Williams Companies makes up 1.2% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 16th largest position. Thompson Siegel & Walmsley LLC’s holdings in Williams Companies were worth $82,477,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WMB. Brendel Financial Advisors LLC grew its position in Williams Companies by 0.8% during the third quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock valued at $2,370,000 after buying an additional 419 shares during the period. Valley National Advisers Inc. boosted its stake in shares of Williams Companies by 1,855.7% during the 3rd quarter. Valley National Advisers Inc. now owns 42,029 shares of the pipeline company’s stock worth $1,918,000 after acquiring an additional 39,880 shares during the last quarter. Czech National Bank grew its position in shares of Williams Companies by 6.9% during the 3rd quarter. Czech National Bank now owns 248,309 shares of the pipeline company’s stock valued at $11,335,000 after acquiring an additional 16,064 shares during the period. Swiss National Bank increased its stake in shares of Williams Companies by 0.3% in the 3rd quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company’s stock worth $165,130,000 after purchasing an additional 9,800 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Williams Companies by 2.3% in the 1st quarter. Toronto Dominion Bank now owns 713,452 shares of the pipeline company’s stock worth $27,803,000 after purchasing an additional 16,168 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Up 0.2 %

Shares of WMB opened at $58.70 on Thursday. The business’s 50 day simple moving average is $50.76 and its 200-day simple moving average is $45.40. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $59.17. The stock has a market capitalization of $71.56 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 6.04 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 released its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business earned $0.45 earnings per share. Williams Companies’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts expect that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.24%. Williams Companies’s payout ratio is currently 80.17%.

Insider Buying and Selling at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the transaction, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. The trade was a 23.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction 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. This trade represents a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Truist Financial boosted their price target on Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. CIBC boosted their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Scotiabank raised their target price on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Mizuho upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Barclays raised their price objective on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. One equities research 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $51.54.

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.