Signaturefd LLC Raises Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Signaturefd LLC grew its holdings in The Williams Companies, Inc. (NYSE:WMB) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,203 shares of the pipeline company’s stock after acquiring an additional 1,716 shares during the period. Signaturefd LLC’s holdings in Williams Companies were worth $1,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. SouthState Corp purchased a new position in Williams Companies in the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. bought a new position in shares of Williams Companies during the second quarter worth $34,000. Quarry LP purchased a new position in Williams Companies during the second quarter valued at $35,000. Kimelman & Baird LLC bought a new stake in Williams Companies in the 2nd quarter valued at $42,000. Finally, EntryPoint Capital LLC purchased a new stake in Williams Companies in the 1st quarter worth $50,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Down 0.1 %

Shares of NYSE WMB opened at $52.24 on Thursday. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $52.82. The firm has a 50-day simple moving average of $46.83 and a two-hundred day simple moving average of $43.14. The company has a market cap of $63.67 billion, a P/E ratio of 21.95, a PEG ratio of 5.88 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. Williams Companies’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.42 EPS. Research analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend was Friday, September 13th. Williams Companies’s dividend payout ratio is currently 79.83%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WMB. Citigroup lifted their target price on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Scotiabank upped their price objective on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Bank of America assumed coverage on Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 target price for the company. Barclays boosted their price target on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, UBS Group increased their price objective on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $48.62.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 completion of the sale, the senior vice president now owns 304,200 shares in the company, valued at $13,777,218. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.44% of the company’s stock.

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.