Oppenheimer & Co. Inc. Has $6.46 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Oppenheimer & Co. Inc. increased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 141,508 shares of the pipeline company’s stock after buying an additional 1,427 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Williams Companies were worth $6,460,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Aptus Capital Advisors LLC grew its stake in shares of Williams Companies by 4.1% during the third quarter. Aptus Capital Advisors LLC now owns 12,357 shares of the pipeline company’s stock worth $564,000 after buying an additional 492 shares during the last quarter. Aigen Investment Management LP acquired a new position in Williams Companies in the 3rd quarter valued at approximately $322,000. Prime Capital Investment Advisors LLC lifted its holdings in shares of Williams Companies by 6.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 11,829 shares of the pipeline company’s stock worth $540,000 after purchasing an additional 764 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in Williams Companies by 1.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,873,473 shares of the pipeline company’s stock valued at $131,174,000 after purchasing an additional 38,594 shares during the period. Finally, Apollon Wealth Management LLC grew its position in shares of Williams Companies by 6.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 32,120 shares of the pipeline company’s stock valued at $1,466,000 after buying an additional 1,917 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction dated 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 approximately $1,455,805.40. The trade was a 23.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the sale, the senior vice president now owns 304,200 shares of the company’s stock, valued at $13,777,218. This trade represents a 0.65 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on WMB shares. Mizuho raised their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. CIBC boosted their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Barclays lifted their target price on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Truist Financial raised their price objective 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. Finally, Bank of America started coverage on shares of Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Williams Companies presently has a consensus rating of “Hold” and an average target price of $50.38.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $55.58 on Friday. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $57.33. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The business has a 50 day moving average price of $49.48 and a 200-day moving average price of $44.74. The company has a market cap of $67.75 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 5.73 and a beta of 1.03.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Williams Companies’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 EPS. Equities analysts anticipate that The Williams Companies, Inc. will post 1.91 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 issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

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.