The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance lifted its position in The Williams Companies, Inc. (NYSE:WMB) by 17.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,094 shares of the pipeline company’s stock after purchasing an additional 2,114 shares during the period. Independent Advisor Alliance’s holdings in Williams Companies were worth $643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Brendel Financial Advisors LLC increased its holdings in Williams Companies by 0.8% in the 3rd quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock worth $2,370,000 after acquiring an additional 419 shares in the last quarter. Valley National Advisers Inc. increased its holdings in Williams Companies by 1,855.7% in 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 in the last quarter. Swiss National Bank increased its holdings in 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 acquiring an additional 9,800 shares in the last quarter. Banque Cantonale Vaudoise increased its holdings in Williams Companies by 402.9% in the 3rd quarter. Banque Cantonale Vaudoise now owns 91,983 shares of the pipeline company’s stock worth $4,199,000 after acquiring an additional 73,693 shares in the last quarter. Finally, Czech National Bank increased its holdings in Williams Companies by 6.9% in the 3rd quarter. Czech National Bank now owns 248,309 shares of the pipeline company’s stock worth $11,335,000 after acquiring an additional 16,064 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Trading Down 0.4 %

NYSE WMB opened at $58.14 on Thursday. The firm’s 50-day moving average is $52.12 and its two-hundred day moving average is $46.08. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $60.36. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The stock has a market capitalization of $70.87 billion, a P/E ratio of 24.53, a PEG ratio of 5.99 and a beta of 1.03.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. Williams Companies’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.92 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. Stockholders of record on Friday, December 13th will be given a dividend of $0.475 per share. The ex-dividend date is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.27%. Williams Companies’s dividend payout ratio is presently 80.17%.

Insider Transactions at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the 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 sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 sale, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. This represents a 0.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of research reports. UBS Group upped their target price on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Citigroup upped their target price on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Truist Financial upped their target price on shares of Williams Companies from $42.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Barclays upped their target price on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $51.79.

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.