The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in The Williams Companies, Inc. (NYSE:WMB) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,722,702 shares of the pipeline company’s stock after acquiring an additional 520,663 shares during the quarter. Geode Capital Management LLC’s holdings in Williams Companies were worth $1,398,004,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WMB. 3Chopt Investment Partners LLC raised its holdings in Williams Companies by 0.6% in the third quarter. 3Chopt Investment Partners LLC now owns 66,704 shares of the pipeline company’s stock valued at $3,045,000 after acquiring an additional 399 shares in the last quarter. Brophy Wealth Management LLC purchased a new stake in shares of Williams Companies in the 3rd quarter valued at approximately $240,000. M&T Bank Corp raised its holdings in shares of Williams Companies by 21.4% in the 3rd quarter. M&T Bank Corp now owns 95,970 shares of the pipeline company’s stock valued at $4,381,000 after purchasing an additional 16,906 shares in the last quarter. Adalta Capital Management LLC lifted its position in shares of Williams Companies by 106.7% during the 3rd quarter. Adalta Capital Management LLC now owns 3,100 shares of the pipeline company’s stock worth $142,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Williams Companies by 3.4% during the third quarter. Barclays PLC now owns 3,271,141 shares of the pipeline company’s stock worth $149,326,000 after purchasing an additional 108,675 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Stock Down 0.2 %

Williams Companies stock opened at $54.56 on Wednesday. The stock has a 50 day moving average of $53.94 and a two-hundred day moving average of $47.03. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $60.36. The stock has a market capitalization of $66.51 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 5.84 and a beta of 1.05. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last issued 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. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. As a group, research analysts expect that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm 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 dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s payout ratio is 80.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Citigroup raised their target price on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. CIBC boosted their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $52.00 to $58.00 in a report on Friday, October 4th. Truist Financial lifted their price target on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Finally, Barclays upped their price objective on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Williams Companies currently has an average rating of “Hold” and an average target price of $52.07.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’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 owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This represents a 0.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction dated Friday, November 8th. The stock was 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. This represents a 23.52 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by corporate insiders.

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.