The Williams Companies, Inc. (NYSE:WMB) Stock Position Increased by Cadence Bank

Cadence Bank increased its position in The Williams Companies, Inc. (NYSE:WMB) by 14.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,905 shares of the pipeline company’s stock after buying an additional 1,101 shares during the quarter. Cadence Bank’s holdings in Williams Companies were worth $407,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. SouthState Corp bought a new position in shares of Williams Companies during the 2nd quarter valued at about $31,000. GHP Investment Advisors Inc. bought a new stake in Williams Companies during the second quarter worth approximately $34,000. Rosenberg Matthew Hamilton grew its position in Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after buying an additional 252 shares during the last quarter. Quarry LP bought a new position in shares of Williams Companies in the second quarter valued at $35,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Williams Companies during the 2nd quarter valued at $42,000. Institutional investors own 86.44% of the company’s stock.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $13,777,218. The trade was a 0.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is owned by corporate insiders.

Williams Companies Stock Performance

WMB opened at $58.14 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The stock’s 50 day moving average price is $52.12 and its two-hundred day moving average price is $46.08. The firm has a market capitalization of $70.87 billion, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 6.01 and a beta of 1.03. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $60.36.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. Williams Companies’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.45 earnings per share. On average, equities analysts forecast that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio is currently 80.17%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WMB. The Goldman Sachs Group lifted their target price on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday. UBS Group lifted their price target on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $52.00 to $58.00 in a research note on Friday, October 4th. Barclays lifted their target price 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, Citigroup boosted their price target on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Williams Companies presently 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.