Providence Capital Advisors LLC Has $2.26 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Providence Capital Advisors LLC lifted its stake in The Williams Companies, Inc. (NYSE:WMB) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,599 shares of the pipeline company’s stock after acquiring an additional 574 shares during the period. Providence Capital Advisors LLC’s holdings in Williams Companies were worth $2,264,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of WMB. Tortoise Capital Advisors L.L.C. lifted its position in Williams Companies by 1.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock worth $538,482,000 after purchasing an additional 144,713 shares during the period. Dimensional Fund Advisors LP lifted its position in Williams Companies by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock worth $410,064,000 after purchasing an additional 311,530 shares during the period. Bahl & Gaynor Inc. lifted its position in Williams Companies by 8.8% in the second quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company’s stock worth $325,726,000 after purchasing an additional 618,056 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Williams Companies by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,239,210 shares of the pipeline company’s stock worth $330,470,000 after purchasing an additional 67,016 shares during the period. Finally, American Century Companies Inc. lifted its position in Williams Companies by 20.1% in the second quarter. American Century Companies Inc. now owns 6,117,298 shares of the pipeline company’s stock worth $259,985,000 after purchasing an additional 1,024,158 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mary A. Hausman sold 7,951 shares of the firm’s 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 $1,455,805.40. This trade represents a 23.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

Williams Companies Stock Down 0.4 %

Shares of NYSE WMB opened at $58.14 on Thursday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $60.36. The stock has a market capitalization of $70.87 billion, a P/E ratio of 24.53, a PEG ratio of 6.01 and a beta of 1.03. The stock’s fifty day moving average is $52.12 and its 200 day moving average is $46.08.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Williams Companies’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. Sell-side analysts forecast that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s payout ratio is 80.17%.

Analyst Ratings Changes

Several research analysts recently commented on the company. UBS Group raised their target price on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Truist Financial lifted their price objective on Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Bank of America started coverage on Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective for the company. Finally, Citigroup lifted their price objective on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $51.79.

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.