Inscription Capital LLC Has $904,000 Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Inscription Capital LLC lessened its holdings in The Williams Companies, Inc. (NYSE:WMB) by 8.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,807 shares of the pipeline company’s stock after selling 1,783 shares during the quarter. Inscription Capital LLC’s holdings in Williams Companies were worth $904,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays lifted their target price on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Seaport Res Ptn lowered shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Royal Bank of Canada increased their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. CIBC raised their target price on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Citigroup upped their price target on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $48.62.

Insider Activity

In other 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 value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

WMB stock traded down $0.42 during mid-day trading on Monday, hitting $52.08. The company had a trading volume of 274,184 shares, compared to its average volume of 6,222,210. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $52.85. The stock’s fifty day moving average price is $47.17 and its two-hundred day moving average price is $43.36. The firm has a market cap of $63.47 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 5.88 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45.

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

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Friday, September 13th. Williams Companies’s payout ratio is presently 81.55%.

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.