Precedent Wealth Partners LLC Increases Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Precedent Wealth Partners LLC increased its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 8.5% in the 3rd quarter, Holdings Channel reports. The firm owned 9,269 shares of the pipeline company’s stock after buying an additional 729 shares during the period. Precedent Wealth Partners LLC’s holdings in Williams Companies were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CVA Family Office LLC raised its holdings in Williams Companies by 18.7% during the third quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company’s stock valued at $72,000 after acquiring an additional 249 shares during the period. J.W. Cole Advisors Inc. grew its position in shares of Williams Companies by 2.8% during the second quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock worth $395,000 after purchasing an additional 257 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Williams Companies by 0.8% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,206 shares of the pipeline company’s stock valued at $1,326,000 after purchasing an additional 260 shares during the period. Everett Harris & Co. CA lifted its holdings in Williams Companies by 1.8% in the 1st quarter. Everett Harris & Co. CA now owns 15,175 shares of the pipeline company’s stock worth $591,000 after purchasing an additional 275 shares in the last quarter. Finally, Schulhoff & Co. Inc. boosted its stake in Williams Companies by 1.6% in the 1st quarter. Schulhoff & Co. Inc. now owns 17,883 shares of the pipeline company’s stock worth $697,000 after purchasing an additional 276 shares during the period. Institutional investors own 86.44% of the company’s stock.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.44% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada boosted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday. StockNews.com downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. UBS Group lifted their target price on Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $47.46.

Williams Companies Price Performance

NYSE:WMB opened at $52.37 on Friday. The firm has a market capitalization of $63.82 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 7.10 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. The business has a 50 day simple moving average of $46.29 and a 200-day simple moving average of $42.84. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $52.44.

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. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the company earned $0.42 earnings per share. Williams Companies’s revenue was down 5.9% on a year-over-year basis. Equities analysts forecast that The Williams Companies, Inc. will post 1.9 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.475 per share. The ex-dividend date was Friday, September 13th. This represents a $1.90 annualized dividend and a yield of 3.63%. Williams Companies’s payout ratio is 79.83%.

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.