B. Riley Wealth Advisors Inc. Has $5.32 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

B. Riley Wealth Advisors Inc. lessened its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 29.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 115,983 shares of the pipeline company’s stock after selling 48,377 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Williams Companies were worth $5,324,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WMB. Legacy Investment Solutions LLC purchased a new position in shares of Williams Companies in the third quarter worth approximately $30,000. SouthState Corp purchased a new position in Williams Companies during the 2nd quarter worth approximately $31,000. Rosenberg Matthew Hamilton raised its stake in Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares during the period. GHP Investment Advisors Inc. purchased a new stake in shares of Williams Companies in the second quarter valued at $34,000. Finally, Quarry LP acquired a new stake in shares of Williams Companies in the second quarter worth $35,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Royal Bank of Canada upped their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Bank of America started coverage on Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price on the stock. CIBC raised their price target on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. UBS Group upped their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Truist Financial lifted their target price on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $52.07.

Williams Companies Price Performance

NYSE WMB opened at $54.43 on Friday. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $60.36. The stock’s 50-day moving average is $54.50 and its two-hundred day moving average is $47.39. The firm has a market cap of $66.35 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 5.60 and a beta of 1.05. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51.

Williams Companies (NYSE:WMB) last issued 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. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business earned $0.45 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, analysts anticipate that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm 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 $0.475 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.49%. Williams Companies’s dividend payout ratio is 80.17%.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the sale, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. This trade represents a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mary A. Hausman sold 7,951 shares of Williams Companies 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 sale, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. The trade was a 23.52 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Company 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.