11,075 Shares in The Williams Companies, Inc. (NYSE:WMB) Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC purchased a new position in shares of The Williams Companies, Inc. (NYSE:WMB) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,075 shares of the pipeline company’s stock, valued at approximately $506,000.

A number of other hedge funds have also recently bought and sold shares of WMB. SouthState Corp bought a new position in Williams Companies in the 2nd quarter valued at $31,000. GHP Investment Advisors Inc. bought a new position in Williams Companies in the 2nd quarter valued at $34,000. Rosenberg Matthew Hamilton boosted 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 buying an additional 252 shares during the last quarter. Quarry LP bought a new position in Williams Companies in the 2nd quarter valued at $35,000. Finally, Kimelman & Baird LLC bought a new position in Williams Companies in the 2nd quarter valued at $42,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Performance

WMB stock opened at $57.86 on Tuesday. The business’s 50-day moving average price is $50.20 and its two-hundred day moving average price is $45.17. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The firm has a market cap of $70.53 billion, a PE ratio of 24.41, a P/E/G ratio of 5.83 and a beta of 1.03. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $58.10.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, research analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be issued a $0.475 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.28%. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

Analysts Set New Price Targets

A number of research analysts have commented on WMB shares. Mizuho increased their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $52.00 to $58.00 in a research note on Friday, October 4th. Barclays increased their price target on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Bank of America began coverage on Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target on the stock. One research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.54.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated 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 directly owns 304,200 shares in the company, valued at $13,777,218. The trade was a 0.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the sale, the chief accounting officer now directly owns 25,858 shares in the company, 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. Corporate insiders own 0.44% of the company’s stock.

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.