HF Advisory Group LLC Trims Holdings in The Williams Companies, Inc. (NYSE:WMB)

HF Advisory Group LLC reduced its holdings in The Williams Companies, Inc. (NYSE:WMB) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,599 shares of the pipeline company’s stock after selling 642 shares during the quarter. HF Advisory Group LLC’s holdings in Williams Companies were worth $758,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMB. Blackstone Inc. raised its position in shares of Williams Companies by 109.1% in the 1st quarter. Blackstone Inc. now owns 6,466,660 shares of the pipeline company’s stock worth $252,006,000 after acquiring an additional 3,373,800 shares in the last quarter. Castle Hook Partners LP bought a new position in Williams Companies in the first quarter worth $57,220,000. Clearbridge Investments LLC lifted its position in Williams Companies by 5.9% during the first quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock valued at $817,736,000 after buying an additional 1,175,628 shares during the period. American Century Companies Inc. boosted its holdings in shares of Williams Companies by 20.1% during the 2nd quarter. American Century Companies Inc. now owns 6,117,298 shares of the pipeline company’s stock valued at $259,985,000 after buying an additional 1,024,158 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its position in shares of Williams Companies by 13.4% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 8,540,611 shares of the pipeline company’s stock worth $332,828,000 after buying an additional 1,010,658 shares during the period. Institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. CIBC upped their price target on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Mizuho boosted their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Truist Financial raised their price target on Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday. One equities 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $50.38.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Up 1.7 %

Shares of WMB stock opened at $53.05 on Wednesday. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The stock has a market cap of $64.65 billion, a P/E ratio of 22.77, a P/E/G ratio of 5.84 and a beta of 1.03. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $53.30. The company has a 50 day simple moving average of $48.19 and a two-hundred day simple moving average of $44.06.

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

Williams Companies Announces Dividend

The company also recently declared 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. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.58%. Williams Companies’s payout ratio is currently 81.55%.

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.