5,160 Shares in The Williams Companies, Inc. (NYSE:WMB) Acquired by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. bought a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,160 shares of the pipeline company’s stock, valued at approximately $235,000.

Several other hedge funds have also made changes to their positions in WMB. Dearborn Partners LLC boosted its stake in shares of Williams Companies by 1.1% during the third quarter. Dearborn Partners LLC now owns 18,111 shares of the pipeline company’s stock valued at $827,000 after purchasing an additional 201 shares in the last quarter. L & S Advisors Inc boosted its position in Williams Companies by 0.3% during the 3rd quarter. L & S Advisors Inc now owns 78,548 shares of the pipeline company’s stock valued at $3,586,000 after acquiring an additional 232 shares in the last quarter. CVA Family Office LLC increased its holdings in shares of Williams Companies by 18.7% in the 3rd quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company’s stock valued at $72,000 after acquiring an additional 249 shares during the period. Rosenberg Matthew Hamilton lifted its stake in shares of Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 252 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its position in Williams Companies by 2.8% during the second quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock valued at $395,000 after purchasing an additional 257 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Stock Down 0.4 %

Shares of WMB opened at $58.14 on Thursday. The company has a market capitalization of $70.87 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 5.99 and a beta of 1.03. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $60.36. The stock’s 50-day moving average price is $52.12 and its 200-day moving average price is $46.08. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67.

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

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.27%. Williams Companies’s payout ratio is 80.17%.

Insiders Place Their Bets

In related 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 sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $90,580.00. Following the transaction, the senior vice president now owns 304,200 shares of the company’s stock, valued at $13,777,218. This represents a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group lifted their price target on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday. UBS Group raised their price objective on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Truist Financial upped their target price on Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Mizuho raised their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Williams Companies currently has an average rating of “Hold” and a consensus target price of $51.79.

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.