Sequoia Financial Advisors LLC Acquires 12,256 Shares of The Williams Companies, Inc. (NYSE:WMB)

Sequoia Financial Advisors LLC raised its holdings in The Williams Companies, Inc. (NYSE:WMB) by 50.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,459 shares of the pipeline company’s stock after acquiring an additional 12,256 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Williams Companies were worth $1,664,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. SouthState Corp bought a new position in shares of Williams Companies in the 2nd quarter worth $31,000. GHP Investment Advisors Inc. bought a new position in Williams Companies during the second quarter worth about $34,000. Quarry LP bought a new stake in shares of Williams Companies in the 2nd quarter valued at about $35,000. Kimelman & Baird LLC acquired a new stake in shares of Williams Companies in the 2nd quarter valued at approximately $42,000. Finally, EntryPoint Capital LLC bought a new position in Williams Companies during the 1st quarter worth approximately $50,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Price Performance

NYSE WMB opened at $52.62 on Friday. The firm’s 50 day moving average is $46.83 and its 200-day moving average is $43.14. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $64.13 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $52.82.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $2.46 billion. During the same period in the previous year, the business earned $0.42 EPS. The company’s revenue was down 5.9% compared to the same quarter last year. Equities research analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.475 per share. The ex-dividend date was Friday, September 13th. This represents a $1.90 annualized dividend and a yield of 3.61%. Williams Companies’s dividend payout ratio (DPR) is presently 81.55%.

Analyst Ratings Changes

Several brokerages have commented on WMB. Royal Bank of Canada upped their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Barclays raised their price objective on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Scotiabank boosted their target price on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. UBS Group raised their price target on Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, CIBC boosted their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday. 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $48.62.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred 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 owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Company 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.