First Horizon Advisors Inc. Sells 719 Shares of The Williams Companies, Inc. (NYSE:WMB)

First Horizon Advisors Inc. lessened its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 9.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,524 shares of the pipeline company’s stock after selling 719 shares during the quarter. First Horizon Advisors Inc.’s holdings in Williams Companies were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dearborn Partners LLC lifted its position in shares of Williams Companies by 1.1% in the 3rd quarter. Dearborn Partners LLC now owns 18,111 shares of the pipeline company’s stock worth $827,000 after purchasing an additional 201 shares during the period. CVA Family Office LLC lifted its holdings in Williams Companies by 18.7% in the third quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company’s stock worth $72,000 after buying an additional 249 shares during the period. Rosenberg Matthew Hamilton boosted its position in 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 acquiring an additional 252 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in Williams Companies by 2.8% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock valued at $395,000 after acquiring an additional 257 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Williams Companies by 0.8% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,206 shares of the pipeline company’s stock worth $1,326,000 after acquiring an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the sale, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. The trade was a 0.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the transaction, the chief accounting officer now owns 25,858 shares in the company, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WMB shares. Barclays lifted their price target on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Truist Financial upped their target price on shares of Williams Companies from $42.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. CIBC upped their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Seaport Res Ptn lowered shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. One 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 stock presently has an average rating of “Hold” and a consensus target price of $51.54.

Williams Companies Stock Down 0.2 %

WMB stock opened at $59.65 on Friday. The stock has a market capitalization of $72.71 billion, a P/E ratio of 25.17, a P/E/G ratio of 6.04 and a beta of 1.03. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $60.36. The business has a fifty day moving average price of $51.35 and a 200-day moving average price of $45.64.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Williams Companies’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. Equities 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 will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Friday, December 13th. 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.