Terrance Lane Wilson Sells 2,000 Shares of The Williams Companies, Inc. (NYSE:WMB) Stock

The Williams Companies, Inc. (NYSE:WMB) SVP Terrance Lane Wilson sold 2,000 shares of the firm’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 value of $90,580.00. Following the sale, the senior vice president now directly owns 304,200 shares of the company’s stock, 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 can be accessed through this hyperlink.

Williams Companies Trading Up 2.9 %

NYSE WMB opened at $49.63 on Friday. 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 business has a fifty day simple moving average of $44.75 and a 200 day simple moving average of $42.00. The Williams Companies, Inc. has a 12 month low of $32.63 and a 12 month high of $49.67. The firm has a market capitalization of $60.49 billion, a P/E ratio of 20.85, a PEG ratio of 6.54 and a beta of 1.05.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, analysts predict that The Williams Companies, Inc. will post 1.93 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.475 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.83%. Williams Companies’s payout ratio is presently 79.83%.

Wall Street Analyst Weigh In

WMB has been the subject of several recent analyst reports. 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. Royal Bank of Canada upped their price objective on shares of Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Truist Financial raised their target price on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th. Scotiabank upped their price target on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Finally, StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $45.23.

Institutional Trading of Williams Companies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Scotia Capital Inc. increased its position in shares of Williams Companies by 67.6% during the 4th quarter. Scotia Capital Inc. now owns 23,374 shares of the pipeline company’s stock valued at $814,000 after purchasing an additional 9,428 shares during the last quarter. NEOS Investment Management LLC raised its position in Williams Companies by 36.6% in the fourth quarter. NEOS Investment Management LLC now owns 17,305 shares of the pipeline company’s stock worth $603,000 after acquiring an additional 4,632 shares during the period. Tower Research Capital LLC TRC boosted its stake in Williams Companies by 82.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 181,789 shares of the pipeline company’s stock valued at $6,332,000 after acquiring an additional 81,971 shares during the last quarter. Annex Advisory Services LLC grew its position in shares of Williams Companies by 12.1% during the 4th quarter. Annex Advisory Services LLC now owns 94,086 shares of the pipeline company’s stock valued at $3,277,000 after acquiring an additional 10,132 shares during the period. Finally, Bollard Group LLC raised its holdings in shares of Williams Companies by 1.3% in the 4th quarter. Bollard Group LLC now owns 29,296 shares of the pipeline company’s stock worth $1,020,000 after purchasing an additional 367 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

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.