Custom Index Systems LLC Purchases 6,809 Shares of The Williams Companies, Inc. (NYSE:WMB)

Custom Index Systems LLC increased its position in The Williams Companies, Inc. (NYSE:WMB) by 87.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,571 shares of the pipeline company’s stock after buying an additional 6,809 shares during the quarter. Custom Index Systems LLC’s holdings in Williams Companies were worth $665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of WMB. SouthState Corp bought a new stake in shares of Williams Companies in the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. bought a new stake in Williams Companies in the second quarter worth $34,000. Quarry LP purchased a new stake in Williams Companies during the second quarter valued at about $35,000. Kimelman & Baird LLC bought a new position in shares of Williams Companies during the second quarter valued at about $42,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Williams Companies in the first quarter worth about $50,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Down 0.2 %

Shares of WMB stock traded down $0.12 during midday trading on Friday, reaching $52.50. 5,595,874 shares of the stock were exchanged, compared to its average volume of 6,250,945. The firm has a market cap of $63.98 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The company’s 50 day moving average is $47.17 and its two-hundred day moving average is $43.33. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $52.85.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share. On average, equities research analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.475 per share. The ex-dividend date was Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.62%. Williams Companies’s dividend payout ratio (DPR) is currently 79.83%.

Wall Street Analyst Weigh In

WMB has been the topic of several recent research reports. Royal Bank of Canada raised 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. Bank of America initiated coverage on shares of Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price on the stock. Scotiabank upped their price target on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Barclays raised their price target on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Finally, UBS Group increased their target price on shares of Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $48.62.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’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 transaction of $90,580.00. Following the completion of the transaction, the senior vice president now owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.44% of the stock is currently owned by insiders.

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.