Wallace Advisory Group LLC Has $474,000 Position in The Williams Companies, Inc. (NYSE:WMB)

Wallace Advisory Group LLC trimmed its position in The Williams Companies, Inc. (NYSE:WMB) by 3.2% during the third quarter, Holdings Channel reports. The institutional investor owned 11,149 shares of the pipeline company’s stock after selling 363 shares during the quarter. Wallace Advisory Group LLC’s holdings in Williams Companies were worth $474,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in Williams Companies during the 1st quarter worth about $27,000. SouthState Corp bought a new stake in shares of Williams Companies during the second quarter worth approximately $31,000. GHP Investment Advisors Inc. bought a new stake in shares of Williams Companies during the second quarter worth approximately $34,000. Quarry LP acquired a new position in Williams Companies in the second quarter valued at approximately $35,000. Finally, Fairman Group LLC bought a new position in Williams Companies in the fourth quarter valued at approximately $31,000. Institutional investors own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

WMB has been the topic of a number of analyst reports. Royal Bank of Canada increased their price target on Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Scotiabank raised their target price on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Argus upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Finally, Seaport Res Ptn lowered shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $45.23.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’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 sale, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.44% of the company’s stock.

Williams Companies Stock Up 2.9 %

NYSE WMB traded up $1.42 on Friday, reaching $49.63. The company had a trading volume of 7,784,941 shares, compared to its average volume of 6,314,612. The company’s fifty day moving average is $44.75 and its 200-day moving average is $42.00. The Williams Companies, Inc. has a 1-year low of $32.63 and a 1-year high of $49.67. The firm has a market capitalization of $60.49 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 6.54 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 released its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The firm 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 firm posted $0.42 EPS. The business’s revenue was down 5.9% on a year-over-year basis. On average, research analysts forecast that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.90 annualized dividend and a yield of 3.83%. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

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.