The Williams Companies, Inc. (NYSE:WMB) Position Lowered by Scott & Selber Inc.

Scott & Selber Inc. lowered its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,755 shares of the pipeline company’s stock after selling 456 shares during the quarter. Williams Companies comprises 1.5% of Scott & Selber Inc.’s portfolio, making the stock its 18th largest position. Scott & Selber Inc.’s holdings in Williams Companies were worth $4,736,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC lifted its position in shares of Williams Companies by 15.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock worth $4,221,000 after buying an additional 14,672 shares during the last quarter. Brendel Financial Advisors LLC boosted its stake in Williams Companies by 0.8% in the third quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock valued at $2,370,000 after acquiring an additional 419 shares during the period. Valley National Advisers Inc. grew its holdings in shares of Williams Companies by 1,855.7% during the third quarter. Valley National Advisers Inc. now owns 42,029 shares of the pipeline company’s stock valued at $1,918,000 after purchasing an additional 39,880 shares during the last quarter. M&G Plc bought a new position in shares of Williams Companies during the first quarter valued at approximately $1,036,000. Finally, Russell Investments Group Ltd. raised its position in shares of Williams Companies by 58.1% during the 1st quarter. Russell Investments Group Ltd. now owns 1,404,198 shares of the pipeline company’s stock worth $54,692,000 after purchasing an additional 515,823 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE WMB opened at $56.31 on Friday. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $56.80. 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 firm has a 50-day moving average of $48.81 and a two-hundred day moving average of $44.34. The company has a market capitalization of $68.63 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 6.19 and a beta of 1.03.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.90%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 earnings per share. As a group, analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Friday, December 13th. Williams Companies’s dividend payout ratio is presently 80.17%.

Analyst Ratings Changes

A number of research analysts recently issued reports on WMB shares. Truist Financial boosted their price objective on Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $52.00 to $58.00 in a report on Friday, October 4th. Royal Bank of Canada increased their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. CIBC lifted their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, UBS Group upped their target price on shares of Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. One research 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 data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $50.38.

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company’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 completion of the sale, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.44% of the company’s stock.

Williams Companies 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.