HF Advisory Group LLC Cuts Position in The Williams Companies, Inc. (NYSE:WMB)

HF Advisory Group LLC reduced its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 16,599 shares of the pipeline company’s stock after selling 642 shares during the quarter. HF Advisory Group LLC’s holdings in Williams Companies were worth $758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. SouthState Corp bought a new stake in shares of Williams Companies in the 2nd quarter worth about $31,000. GHP Investment Advisors Inc. purchased a new position in shares of Williams Companies in the 2nd quarter worth approximately $34,000. Rosenberg Matthew Hamilton increased its position in shares of Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares during the last quarter. Quarry LP purchased a new stake in Williams Companies during the 2nd quarter valued at $35,000. Finally, Kimelman & Baird LLC bought a new stake in Williams Companies in the second quarter worth $42,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $13,777,218. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on WMB. Citigroup boosted their target price on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Scotiabank lifted their price objective 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. UBS Group raised their target price on shares of Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, Royal Bank of Canada boosted their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $50.38.

Williams Companies Stock Up 1.7 %

Shares of WMB stock opened at $53.05 on Wednesday. The stock has a market cap of $64.65 billion, a P/E ratio of 22.77, a P/E/G ratio of 5.84 and a beta of 1.03. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $53.30. The stock has a 50 day moving average of $48.19 and a 200 day moving average of $44.06. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64.

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

Williams Companies Announces Dividend

The business 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 $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.58%. Williams Companies’s payout ratio is presently 81.55%.

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.