PNC Financial Services Group Inc. Has $13.99 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

PNC Financial Services Group Inc. reduced its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,377 shares of the pipeline company’s stock after selling 4,443 shares during the period. PNC Financial Services Group Inc.’s holdings in Williams Companies were worth $13,986,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. SouthState Corp bought a new stake in shares of Williams Companies during the second quarter worth about $31,000. Rosenberg Matthew Hamilton increased its position in Williams Companies by 50.4% in 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 during the period. GHP Investment Advisors Inc. bought a new position in shares of Williams Companies during the second quarter valued at $34,000. Quarry LP acquired a new position in shares of Williams Companies during the second quarter worth $35,000. Finally, Fortitude Family Office LLC grew its stake in shares of Williams Companies by 120.8% in the third quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock worth $45,000 after purchasing an additional 545 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WMB. 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. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Scotiabank boosted their price target on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Finally, Bank of America began coverage on shares of Williams Companies in a research note on Thursday, October 17th. They set 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 given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $51.54.

Insider Transactions at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction 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 directly owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the sale, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. This trade represents a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Williams Companies Stock Down 0.2 %

WMB opened at $59.65 on Friday. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $60.36. 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 company’s 50-day moving average is $51.35 and its 200 day moving average is $45.64. The firm has a market capitalization of $72.71 billion, a P/E ratio of 25.17, a PEG ratio of 6.04 and a beta of 1.03.

Williams Companies (NYSE:WMB) last announced 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 firm had revenue of $2.65 billion for 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 was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 EPS. Research analysts expect that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders 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 dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio is presently 80.17%.

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.