The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. increased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 41.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,757 shares of the pipeline company’s stock after acquiring an additional 26,337 shares during the quarter. Edgestream Partners L.P.’s holdings in Williams Companies were worth $4,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMB. SouthState Corp bought a new position in Williams Companies in the 2nd quarter worth about $31,000. GHP Investment Advisors Inc. bought a new position in Williams Companies in the 2nd quarter worth about $34,000. Rosenberg Matthew Hamilton grew its position in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 252 shares during the last quarter. Quarry LP bought a new position in Williams Companies in the 2nd quarter worth about $35,000. Finally, Kimelman & Baird LLC bought a new position in Williams Companies in the 2nd quarter worth about $42,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 in the company, valued at approximately $13,777,218. This represents a 0.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mary A. Hausman sold 7,951 shares of the company’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 transaction of $447,641.30. Following the completion of the sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at approximately $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 Stock Up 0.7 %

WMB stock opened at $58.52 on Friday. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $60.36. The firm has a market cap of $71.34 billion, a PE ratio of 24.69, a P/E/G ratio of 6.00 and a beta of 1.03. The firm has a 50 day simple moving average of $52.65 and a 200 day simple moving average of $46.34. 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 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. Equities research analysts forecast 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 declared 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.25%. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Wall Street Analyst Weigh In

WMB has been the subject of several recent analyst reports. 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 research report on Tuesday, November 5th. The Goldman Sachs Group upped their target price on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Morgan Stanley upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $52.00 to $58.00 in a report on Friday, October 4th. Barclays increased their price objective on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Finally, StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Williams Companies has a consensus rating of “Hold” and a consensus target price of $51.79.

About Williams Companies

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.