Brooklyn Investment Group Purchases 197 Shares of The Williams Companies, Inc. (NYSE:WMB)

Brooklyn Investment Group increased its position in The Williams Companies, Inc. (NYSE:WMB) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,817 shares of the pipeline company’s stock after purchasing an additional 197 shares during the quarter. Brooklyn Investment Group’s holdings in Williams Companies were worth $357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of WMB. Comerica Bank grew its stake in Williams Companies by 2.1% in the first quarter. Comerica Bank now owns 517,312 shares of the pipeline company’s stock worth $20,160,000 after purchasing an additional 10,579 shares in the last quarter. Beacon Capital Management LLC grew its stake in Williams Companies by 60.9% in the first quarter. Beacon Capital Management LLC now owns 1,398 shares of the pipeline company’s stock worth $54,000 after purchasing an additional 529 shares in the last quarter. iA Global Asset Management Inc. grew its stake in Williams Companies by 454.3% in the first quarter. iA Global Asset Management Inc. now owns 52,947 shares of the pipeline company’s stock worth $2,063,000 after purchasing an additional 43,395 shares in the last quarter. Lummis Asset Management LP grew its stake in Williams Companies by 126.1% in the first quarter. Lummis Asset Management LP now owns 14,143 shares of the pipeline company’s stock worth $551,000 after purchasing an additional 7,887 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. boosted its position in Williams Companies by 5.3% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 32,416 shares of the pipeline company’s stock valued at $1,263,000 after acquiring an additional 1,646 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

NYSE WMB opened at $58.36 on Wednesday. The stock has a 50-day simple moving average of $51.86 and a two-hundred day simple moving average of $46.00. The firm has a market capitalization of $71.14 billion, a P/E ratio of 24.62, a PEG ratio of 5.99 and a beta of 1.03. 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 quick ratio of 0.51 and a current ratio of 0.57.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.65 billion during 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 revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. On average, equities analysts forecast that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.26%. Williams Companies’s payout ratio is currently 80.17%.

Insider Activity

In other news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the sale, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the sale, the senior vice president now owns 304,200 shares in the company, valued at $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. Insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WMB. The Goldman Sachs Group increased their target price on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday. StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. 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 on the stock. Truist Financial raised their price objective on Williams Companies from $42.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $51.79.

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.