Recurrent Investment Advisors LLC Has $39.30 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Recurrent Investment Advisors LLC grew its holdings in The Williams Companies, Inc. (NYSE:WMB) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 860,981 shares of the pipeline company’s stock after buying an additional 1,756 shares during the quarter. Williams Companies makes up 3.9% of Recurrent Investment Advisors LLC’s portfolio, making the stock its 14th largest position. Recurrent Investment Advisors LLC owned 0.07% of Williams Companies worth $39,304,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group boosted its holdings in Williams Companies by 2.6% in the third quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock valued at $357,000 after acquiring an additional 197 shares during the last quarter. Dearborn Partners LLC boosted its holdings in Williams Companies by 1.1% in the third quarter. Dearborn Partners LLC now owns 18,111 shares of the pipeline company’s stock valued at $827,000 after acquiring an additional 201 shares during the last quarter. Pinnacle Family Advisors LLC boosted its holdings in Williams Companies by 3.3% in the third quarter. Pinnacle Family Advisors LLC now owns 6,510 shares of the pipeline company’s stock valued at $297,000 after acquiring an additional 211 shares during the last quarter. L & S Advisors Inc boosted its holdings in Williams Companies by 0.3% in the third quarter. L & S Advisors Inc now owns 78,548 shares of the pipeline company’s stock valued at $3,586,000 after acquiring an additional 232 shares during the last quarter. Finally, CVA Family Office LLC boosted its holdings 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 valued at $72,000 after acquiring an additional 249 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMB has been the topic of several recent research reports. Mizuho raised their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. The Goldman Sachs Group raised their price target on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. UBS Group raised their target price on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Truist Financial raised their target price on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Citigroup raised their target price on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $52.07.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction that occurred 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 directly owns 25,858 shares in the company, valued at $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.

Williams Companies Trading Down 0.5 %

NYSE WMB opened at $56.30 on Thursday. The firm has a market cap of $68.63 billion, a P/E ratio of 23.76, a P/E/G ratio of 5.81 and a beta of 1.05. 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’s 50-day moving average is $53.28 and its 200-day moving average is $46.66. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $60.36.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm earned $0.45 EPS. Williams Companies’s revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio is presently 80.17%.

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.