Hourglass Capital LLC Has $7.04 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Hourglass Capital LLC decreased its stake in The Williams Companies, Inc. (NYSE:WMB) by 1.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 154,300 shares of the pipeline company’s stock after selling 2,640 shares during the quarter. Williams Companies accounts for about 2.0% of Hourglass Capital LLC’s investment portfolio, making the stock its 19th largest holding. Hourglass Capital LLC’s holdings in Williams Companies were worth $7,044,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. SouthState Corp purchased a new stake in Williams Companies in the 2nd quarter worth about $31,000. Rosenberg Matthew Hamilton lifted its stake in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 252 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in shares of Williams Companies during the 2nd quarter worth about $34,000. Quarry LP purchased a new stake in shares of Williams Companies during the 2nd quarter worth about $35,000. Finally, Fortitude Family Office LLC raised its stake in shares of Williams Companies by 120.8% during the 3rd quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock worth $45,000 after purchasing an additional 545 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Down 2.0 %

WMB opened at $55.60 on Thursday. The business has a 50 day moving average price of $49.25 and a 200 day moving average price of $44.66. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $57.33. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The firm has a market cap of $67.78 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 5.56 and a beta of 1.03.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The company 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 for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. Research analysts forecast that The Williams Companies, Inc. will post 2.01 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio is currently 80.17%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WMB shares. Citigroup raised their price target on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. UBS Group raised their price target on Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Truist Financial raised their price target on Williams Companies from $42.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, CIBC raised their price target on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $50.38.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the transaction, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value 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 approximately $13,777,218. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company 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.