Sigma Planning Corp Acquires 844 Shares of The Williams Companies, Inc. (NYSE:WMB)

Sigma Planning Corp raised its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,922 shares of the pipeline company’s stock after purchasing an additional 844 shares during the quarter. Sigma Planning Corp’s holdings in Williams Companies were worth $1,320,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. SouthState Corp bought a new position in shares of Williams Companies during the 2nd quarter valued at approximately $31,000. GHP Investment Advisors Inc. purchased a new position in Williams Companies during the second quarter worth $34,000. Rosenberg Matthew Hamilton increased its position in Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 252 shares during the last quarter. Quarry LP purchased a new stake in shares of Williams Companies in the second quarter valued at $35,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Williams Companies in the 2nd quarter worth about $42,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Down 0.3 %

Williams Companies stock opened at $56.74 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The firm has a market cap of $69.17 billion, a P/E ratio of 23.94, a P/E/G ratio of 6.37 and a beta of 1.03. The business has a fifty day moving average of $49.03 and a two-hundred day moving average of $44.54. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $57.33.

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. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 earnings per share. On average, analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors 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 annualized dividend and a dividend yield of 3.35%. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Insider Activity at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies 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 transaction, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $1,455,805.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’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 transaction, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. This represents a 0.00 % 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.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WMB shares. Citigroup increased their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Royal Bank of Canada boosted their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. 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 target price on the stock. Finally, UBS Group boosted their target price on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $50.38.

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.