Lummis Asset Management LP Raises Position in The Williams Companies, Inc. (NYSE:WMB)

Lummis Asset Management LP grew its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,628 shares of the pipeline company’s stock after purchasing an additional 485 shares during the period. Lummis Asset Management LP’s holdings in Williams Companies were worth $668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Blackstone Inc. raised its stake in Williams Companies by 109.1% in the 1st quarter. Blackstone Inc. now owns 6,466,660 shares of the pipeline company’s stock worth $252,006,000 after acquiring an additional 3,373,800 shares during the last quarter. Castle Hook Partners LP purchased a new position in Williams Companies in the 1st quarter worth $57,220,000. Clearbridge Investments LLC raised its stake in Williams Companies by 5.9% in the 1st quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock worth $817,736,000 after acquiring an additional 1,175,628 shares during the last quarter. American Century Companies Inc. raised its stake in Williams Companies by 20.1% in the 2nd quarter. American Century Companies Inc. now owns 6,117,298 shares of the pipeline company’s stock worth $259,985,000 after acquiring an additional 1,024,158 shares during the last quarter. Finally, BROOKFIELD Corp ON raised its stake in Williams Companies by 11.8% in the 1st quarter. BROOKFIELD Corp ON now owns 5,896,375 shares of the pipeline company’s stock worth $229,782,000 after acquiring an additional 623,820 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insiders Place Their Bets

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were 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 of the company’s stock, valued at $1,455,805.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction that occurred on 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred 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 sale, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

Williams Companies stock traded up $0.30 during midday trading on Thursday, reaching $55.90. The company had a trading volume of 331,293 shares, compared to its average volume of 6,221,089. The company has a market capitalization of $68.14 billion, a P/E ratio of 23.59, a P/E/G ratio of 5.56 and a beta of 1.03. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $57.33. The firm’s fifty day simple moving average is $49.48 and its 200-day simple moving average is $44.74. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. Williams Companies’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.45 EPS. As a group, equities analysts anticipate that The Williams Companies, Inc. will post 2.01 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

Analyst Ratings Changes

WMB has been the topic of several analyst reports. Royal Bank of Canada increased their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Scotiabank increased their price target on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Truist Financial increased their price target on Williams Companies from $42.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, Mizuho increased their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $50.38.

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.