Foundations Investment Advisors LLC Acquires 16,032 Shares of The Williams Companies, Inc. (NYSE:WMB)

Foundations Investment Advisors LLC boosted its holdings in The Williams Companies, Inc. (NYSE:WMB) by 12.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 143,017 shares of the pipeline company’s stock after acquiring an additional 16,032 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Williams Companies were worth $6,529,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. SouthState Corp bought a new position in Williams Companies in the 2nd quarter valued at about $31,000. GHP Investment Advisors Inc. bought a new position in Williams Companies in the 2nd quarter valued at about $34,000. Quarry LP bought a new position in shares of Williams Companies during the 2nd quarter worth approximately $35,000. Kimelman & Baird LLC bought a new position in shares of Williams Companies during the 2nd quarter worth approximately $42,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Williams Companies during the 3rd quarter worth approximately $52,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Up 0.6 %

Williams Companies stock opened at $52.30 on Wednesday. The stock has a market cap of $63.74 billion, a P/E ratio of 21.97, a PEG ratio of 5.88 and a beta of 1.05. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $52.82. The firm’s fifty day moving average price is $46.65 and its 200-day moving average price is $43.07. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The business’s quarterly revenue was down 5.9% on a year-over-year basis. Equities research analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.475 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.90 annualized dividend and a yield of 3.63%. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.44% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Royal Bank of Canada lifted their target price 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. Citigroup lifted their target price 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. Finally, Barclays upped their price objective 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Williams Companies currently has an average rating of “Hold” and an average target price of $48.62.

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.