Tidal Investments LLC Buys 207 Shares of The Williams Companies, Inc. (NYSE:WMB)

Tidal Investments LLC increased its stake in The Williams Companies, Inc. (NYSE:WMB) by 0.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,514 shares of the pipeline company’s stock after purchasing an additional 207 shares during the period. Tidal Investments LLC’s holdings in Williams Companies were worth $1,895,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new stake in Williams Companies during the third quarter worth about $30,000. SouthState Corp acquired a new stake in shares of Williams Companies during the 2nd quarter worth approximately $31,000. Rosenberg Matthew Hamilton boosted its position in shares of Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 252 shares in the last quarter. GHP Investment Advisors Inc. bought a new position in Williams Companies in the second quarter valued at approximately $34,000. Finally, Quarry LP acquired a new position in Williams Companies during the second quarter valued at approximately $35,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of WMB opened at $53.97 on Tuesday. The business has a 50-day moving average of $54.58 and a 200-day moving average of $47.53. 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 company has a market capitalization of $65.79 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 5.60 and a beta of 1.05. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $60.36.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping 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 firm 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 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 dividend on an annualized basis and a yield of 3.52%. Williams Companies’s dividend payout ratio (DPR) is currently 80.17%.

Wall Street Analysts Forecast Growth

WMB has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price target on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Mizuho lifted their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Truist Financial increased their target price on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Royal Bank of Canada lifted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, CIBC increased their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.07.

Insiders Place Their Bets

In related news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was 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 in the company, valued at $1,455,805.40. This represents a 23.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. The trade was 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.

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.