Financial Counselors Inc. Has $53.98 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

Financial Counselors Inc. lessened its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,182,537 shares of the pipeline company’s stock after selling 12,956 shares during the quarter. Financial Counselors Inc. owned approximately 0.10% of Williams Companies worth $53,983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WMB. iA Global Asset Management Inc. grew its stake in Williams Companies by 454.3% during the 1st quarter. iA Global Asset Management Inc. now owns 52,947 shares of the pipeline company’s stock valued at $2,063,000 after acquiring an additional 43,395 shares in the last quarter. Sanibel Captiva Trust Company Inc. grew its stake 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. Burney Co. grew its stake in Williams Companies by 3.0% during the 1st quarter. Burney Co. now owns 50,083 shares of the pipeline company’s stock valued at $1,952,000 after acquiring an additional 1,437 shares in the last quarter. Invst LLC purchased a new position in Williams Companies during the 1st quarter valued at about $884,000. Finally, Cetera Investment Advisers grew its stake in Williams Companies by 180.6% during the 1st quarter. Cetera Investment Advisers now owns 638,120 shares of the pipeline company’s stock valued at $24,868,000 after acquiring an additional 410,705 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Down 0.4 %

WMB opened at $58.14 on Thursday. The business has a 50 day moving average price of $52.12 and a 200 day moving average price of $46.08. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month 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. The firm has a market cap 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.

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 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 company 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 company earned $0.45 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Research analysts forecast that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders 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 dividend yield of 3.27%. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Analysts Set New Price Targets

WMB has been the topic of several research analyst reports. The Goldman Sachs Group lifted their target price on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday. Mizuho boosted their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Bank of America initiated coverage on Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target for the company. Barclays boosted their price target on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Truist Financial boosted their price target on Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.79.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’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 0.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the transaction, the chief accounting officer now 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. Corporate 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.