Seelaus Asset Management LLC Sells 1,300 Shares of The Williams Companies, Inc. (NYSE:WMB)

Seelaus Asset Management LLC lessened its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 9.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,815 shares of the pipeline company’s stock after selling 1,300 shares during the quarter. Seelaus Asset Management LLC’s holdings in Williams Companies were worth $585,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in WMB. SouthState Corp bought a new stake in Williams Companies during the second quarter worth approximately $31,000. GHP Investment Advisors Inc. bought a new stake in shares of Williams Companies during the 2nd quarter worth $34,000. Rosenberg Matthew Hamilton grew its stake in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after buying an additional 252 shares during the last quarter. Quarry LP bought a new position in Williams Companies in the 2nd quarter worth $35,000. Finally, Kimelman & Baird LLC acquired a new position in Williams Companies during the 2nd quarter worth $42,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada raised their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Citigroup raised their target price on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Barclays upped their price target on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Morgan Stanley upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $52.00 to $58.00 in a research note on Friday, October 4th. Finally, Bank of America started coverage on shares of Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Williams Companies has an average rating of “Hold” and a consensus price target of $51.54.

Insider Activity

In other news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $90,580.00. Following the sale, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. The trade was a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $56.55 on Friday. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $57.33. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The stock has a market capitalization of $68.94 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 5.73 and a beta of 1.03. The firm has a fifty day moving average of $49.94 and a two-hundred day moving average of $44.93.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share. As a group, equities research analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.36%. Williams Companies’s dividend payout ratio is 80.17%.

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.