PFG Investments LLC Purchases 1,458 Shares of The Williams Companies, Inc. (NYSE:WMB)

PFG Investments LLC raised its position in The Williams Companies, Inc. (NYSE:WMB) by 7.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,086 shares of the pipeline company’s stock after purchasing an additional 1,458 shares during the quarter. PFG Investments LLC’s holdings in Williams Companies were worth $917,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SouthState Corp purchased a new position in Williams Companies during the 2nd quarter valued at $31,000. GHP Investment Advisors Inc. purchased a new position in Williams Companies in the 2nd quarter worth about $34,000. Quarry LP bought a new stake in Williams Companies during the 2nd quarter valued at about $35,000. Kimelman & Baird LLC purchased a new stake in Williams Companies in the 2nd quarter valued at about $42,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Williams Companies during the first quarter worth approximately $50,000. Institutional investors own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction 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 $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

Shares of WMB opened at $52.50 on Monday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The company’s fifty day moving average price is $47.17 and its 200-day moving average price is $43.36. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $52.85. The firm has a market capitalization of $63.98 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the business earned $0.42 EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, equities research analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is currently 79.83%.

Wall Street Analysts Forecast Growth

WMB has been the topic of several research reports. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Scotiabank increased their target price on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $52.00 to $58.00 in a report on Friday, October 4th. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, Bank of America assumed coverage on Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $48.62.

Williams Companies 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.