FSA Wealth Management LLC Takes $38,000 Position in The Williams Companies, Inc. (NYSE:WMB)

FSA Wealth Management LLC purchased a new position in shares of The Williams Companies, Inc. (NYSE:WMB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 824 shares of the pipeline company’s stock, valued at approximately $38,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brendel Financial Advisors LLC raised its stake in shares of Williams Companies by 0.8% during the 3rd quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock worth $2,370,000 after buying an additional 419 shares in the last quarter. Swiss National Bank grew its holdings in Williams Companies by 0.3% during the third 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 during the period. Valley National Advisers Inc. lifted its holdings in Williams Companies by 1,855.7% in the third quarter. Valley National Advisers Inc. now owns 42,029 shares of the pipeline company’s stock valued at $1,918,000 after acquiring an additional 39,880 shares during the period. Banque Cantonale Vaudoise boosted its position in shares of Williams Companies by 402.9% during the 3rd quarter. Banque Cantonale Vaudoise now owns 91,983 shares of the pipeline company’s stock worth $4,199,000 after purchasing an additional 73,693 shares in the last quarter. Finally, Czech National Bank grew its stake 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 worth $11,335,000 after purchasing an additional 16,064 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WMB shares. UBS Group boosted their price objective 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. Barclays boosted their price target on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group raised their price objective on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $52.00 to $58.00 in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Williams Companies presently has an average rating of “Hold” and a consensus price target of $51.79.

Williams Companies Stock Up 0.7 %

Shares of NYSE WMB opened at $58.52 on Monday. The firm’s 50 day moving average price is $52.65 and its 200 day moving average price is $46.38. 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 firm has a market cap of $71.34 billion, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 6.00 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 announced its quarterly earnings data 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 return on equity of 15.89% and a net margin of 27.36%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed 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 3.25%. The ex-dividend date is Friday, December 13th. Williams Companies’s dividend payout ratio is currently 80.17%.

Insider Transactions at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were 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 of the company’s stock, valued at $13,777,218. The trade was a 0.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 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.