Trust Co. of Oklahoma Decreases Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Trust Co. of Oklahoma lowered its stake in The Williams Companies, Inc. (NYSE:WMB) by 8.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,485 shares of the pipeline company’s stock after selling 2,767 shares during the period. Trust Co. of Oklahoma’s holdings in Williams Companies were worth $1,300,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WMB. Blackstone Inc. increased its holdings in Williams Companies by 109.1% during the 1st quarter. Blackstone Inc. now owns 6,466,660 shares of the pipeline company’s stock valued at $252,006,000 after purchasing an additional 3,373,800 shares during the period. Wellington Management Group LLP boosted its position in Williams Companies by 21.3% during the 4th quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock valued at $403,801,000 after acquiring an additional 2,039,703 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Williams Companies by 40.1% in the 1st quarter. Jennison Associates LLC now owns 5,753,223 shares of the pipeline company’s stock worth $224,203,000 after purchasing an additional 1,647,469 shares in the last quarter. Castle Hook Partners LP bought a new stake in shares of Williams Companies in the 1st quarter worth approximately $57,220,000. Finally, Clearbridge Investments LLC boosted its position in shares of 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 purchasing an additional 1,175,628 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

WMB has been the topic of a number of analyst reports. Truist Financial boosted their price target on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. 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 report on Wednesday, October 2nd. Royal Bank of Canada boosted their price objective on shares of Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Scotiabank boosted their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Finally, Citigroup boosted their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.08.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB traded down $0.07 on Tuesday, reaching $50.95. The company’s stock had a trading volume of 2,983,693 shares, compared to its average volume of 6,274,977. The stock’s 50 day simple moving average is $45.63 and its two-hundred day simple moving average is $42.54. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The stock has a market capitalization of $62.10 billion, a P/E ratio of 21.45, a PEG ratio of 6.89 and a beta of 1.05. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $51.19.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS. Research analysts forecast that The Williams Companies, Inc. will post 1.9 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend was Friday, September 13th. Williams Companies’s payout ratio is 79.83%.

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.