B. Metzler seel. Sohn & Co. Holding AG Acquires New Shares in The Williams Companies, Inc. (NYSE:WMB)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of The Williams Companies, Inc. (NYSE:WMB) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 47,975 shares of the pipeline company’s stock, valued at approximately $2,190,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. grew its holdings in Williams Companies by 74.9% in the 1st quarter. Bessemer Group Inc. now owns 79,126 shares of the pipeline company’s stock valued at $3,084,000 after buying an additional 33,888 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Williams Companies in the 1st quarter valued at approximately $50,000. CreativeOne Wealth LLC bought a new stake in shares of Williams Companies during the 1st quarter valued at approximately $437,000. Freestone Capital Holdings LLC acquired a new position in Williams Companies during the 1st quarter worth approximately $428,000. Finally, Toronto Dominion Bank lifted its stake in Williams Companies by 2.3% in the 1st quarter. Toronto Dominion Bank now owns 713,452 shares of the pipeline company’s stock valued at $27,803,000 after purchasing an additional 16,168 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on WMB. Bank of America initiated coverage on Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price for the company. Seaport Res Ptn lowered shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. UBS Group boosted their target price on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Truist Financial raised their price target 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. Finally, CIBC boosted their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $51.54.

Williams Companies Stock Up 1.9 %

Shares of NYSE WMB opened at $59.81 on Friday. 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 company has a 50-day moving average price of $51.06 and a 200-day moving average price of $45.50. The stock has a market capitalization of $72.90 billion, a P/E ratio of 25.23, a P/E/G ratio of 6.04 and a beta of 1.03. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $60.04.

Williams Companies (NYSE:WMB) last released its quarterly earnings results 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 analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. On average, equities research analysts forecast that The Williams Companies, Inc. will post 1.91 EPS 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. Shareholders 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 yield of 3.18%. Williams Companies’s dividend payout ratio is currently 80.17%.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’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 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 SEC, which is available through this link. Also, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the sale, the chief accounting officer now directly owns 25,858 shares in the company, valued at approximately $1,455,805.40. This trade represents 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.

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.