Seelaus Asset Management LLC Has $585,000 Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Seelaus Asset Management LLC reduced its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 9.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 12,815 shares of the pipeline company’s stock after selling 1,300 shares during the period. Seelaus Asset Management LLC’s holdings in Williams Companies were worth $585,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on WMB. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $52.00 to $58.00 in a research note on Friday, October 4th. Truist Financial raised their target price on shares of Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Bank of America assumed coverage on shares of Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 price target on the stock. Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, UBS Group upped their target price on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and a consensus target price of $51.54.

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 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 transaction, the senior vice president now owns 304,200 shares in the company, valued at $13,777,218. This trade represents a 0.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mary A. Hausman sold 7,951 shares of the company’s 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 sale, the chief accounting officer now 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 ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.

Williams Companies Trading Up 1.7 %

Shares of WMB stock opened at $56.55 on Friday. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $57.33. The company has a market capitalization of $68.94 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 5.73 and a beta of 1.03. The firm has a 50 day moving average price of $49.94 and a two-hundred day moving average price of $44.93. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share 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 business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm posted $0.45 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, analysts predict that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a $0.475 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.36%. 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.