Fifth Third Wealth Advisors LLC Acquires 20,542 Shares of The Williams Companies, Inc. (NYSE:WMB)

Fifth Third Wealth Advisors LLC boosted its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 124.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,084 shares of the pipeline company’s stock after buying an additional 20,542 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Williams Companies were worth $1,693,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WMB. SouthState Corp purchased a new stake in shares of Williams Companies during the 2nd quarter worth approximately $31,000. Rosenberg Matthew Hamilton raised its stake in shares of Williams Companies by 50.4% in the third 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 period. GHP Investment Advisors Inc. purchased a new position in shares of Williams Companies during the 2nd quarter valued at $34,000. Quarry LP bought a new position in shares of Williams Companies during the 2nd quarter worth $35,000. Finally, Fortitude Family Office LLC grew its stake in shares of Williams Companies by 120.8% during the 3rd quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock worth $45,000 after acquiring an additional 545 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Activity

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the sale, the chief accounting officer now directly owns 25,858 shares in the company, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction 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 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WMB shares. Bank of America started coverage on shares of Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective for the company. Citigroup lifted their target price on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Scotiabank increased their price objective on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. CIBC lifted their target price on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Barclays boosted their price objective on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Williams Companies presently has a consensus rating of “Hold” and an average price target of $51.54.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $58.60 on Wednesday. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $58.69. The firm has a market capitalization of $71.43 billion, a P/E ratio of 24.73, a P/E/G ratio of 5.96 and a beta of 1.03. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The business has a fifty day simple moving average of $50.48 and a two-hundred day simple moving average of $45.31.

Williams Companies (NYSE:WMB) last posted 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. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Williams Companies’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a $0.475 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.24%. Williams Companies’s dividend payout ratio is currently 80.17%.

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.