CreativeOne Wealth LLC Increases Stake in The Williams Companies, Inc. (NYSE:WMB)

CreativeOne Wealth LLC raised its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 103.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,915 shares of the pipeline company’s stock after purchasing an additional 12,647 shares during the quarter. CreativeOne Wealth LLC’s holdings in Williams Companies were worth $1,137,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WMB. Brooklyn Investment Group lifted its stake in shares of Williams Companies by 2.6% during the 3rd quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock valued at $357,000 after buying an additional 197 shares in the last quarter. Dearborn Partners LLC raised its holdings in Williams Companies by 1.1% during the 3rd quarter. Dearborn Partners LLC now owns 18,111 shares of the pipeline company’s stock valued at $827,000 after acquiring an additional 201 shares during the period. L & S Advisors Inc lifted its position in shares of Williams Companies by 0.3% during the third quarter. L & S Advisors Inc now owns 78,548 shares of the pipeline company’s stock worth $3,586,000 after acquiring an additional 232 shares in the last quarter. CVA Family Office LLC boosted its holdings in shares of Williams Companies by 18.7% in the third quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company’s stock worth $72,000 after acquiring an additional 249 shares during the period. Finally, Rosenberg Matthew Hamilton grew its position in shares of Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly 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. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Stock Up 0.7 %

Shares of WMB opened at $58.54 on Friday. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $60.36. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The stock has a 50 day simple moving average of $52.65 and a two-hundred day simple moving average of $46.30. The firm has a market cap of $71.36 billion, a P/E ratio of 24.70, a P/E/G ratio of 5.96 and a beta of 1.03.

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

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be issued 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 yield of 3.25%. Williams Companies’s dividend payout ratio is currently 80.17%.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of recent research reports. CIBC increased their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Scotiabank increased their price target on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Truist Financial boosted their price objective on shares of Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Royal Bank of Canada increased their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Mizuho boosted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.79.

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.