Vectors Research Management LLC Sells 2,483 Shares of The Williams Companies, Inc. (NYSE:WMB)

Vectors Research Management LLC cut its stake in The Williams Companies, Inc. (NYSE:WMB) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,770 shares of the pipeline company’s stock after selling 2,483 shares during the quarter. Williams Companies accounts for about 1.0% of Vectors Research Management LLC’s investment portfolio, making the stock its 29th largest holding. Vectors Research Management LLC’s holdings in Williams Companies were worth $3,370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in WMB. SouthState Corp bought a new stake in Williams Companies in the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. purchased a new position in shares of Williams Companies in the 2nd quarter worth $34,000. Rosenberg Matthew Hamilton grew its holdings in shares of Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 252 shares during the period. Quarry LP purchased a new stake in Williams Companies during the second quarter valued at $35,000. Finally, Kimelman & Baird LLC bought a new position in Williams Companies in the second quarter valued at about $42,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMB has been the subject of a number of recent research reports. CIBC boosted their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada upped their target price 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. Barclays lifted their price target on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. UBS Group upped their price objective on Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Finally, StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $50.38.

Insider Activity

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction 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 completion of 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 23.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’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 completion of the sale, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. This trade represents a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $55.58 on Friday. The company has a market cap of $67.75 billion, a P/E ratio of 23.45, a P/E/G ratio of 5.73 and a beta of 1.03. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $57.33. 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’s fifty day moving average is $49.48 and its two-hundred day moving average is $44.74.

Williams Companies (NYSE:WMB) last issued its 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 return on equity of 15.89% and a net margin of 27.36%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.42%. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

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.