CKW Financial Group Decreases Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

CKW Financial Group cut its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 12.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,100 shares of the pipeline company’s stock after selling 300 shares during the period. CKW Financial Group’s holdings in Williams Companies were worth $97,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMB. SouthState Corp purchased a new stake in shares of Williams Companies during the 2nd quarter valued at about $31,000. GHP Investment Advisors Inc. bought a new position in Williams Companies in the second quarter worth approximately $34,000. Rosenberg Matthew Hamilton grew its position in shares of Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 252 shares during the period. Quarry LP purchased a new stake in shares of Williams Companies in the 2nd quarter worth $35,000. Finally, Kimelman & Baird LLC purchased a new position in Williams Companies during the second quarter valued at $42,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WMB. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Truist Financial increased their price objective on shares of Williams Companies from $42.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Mizuho lifted 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 Monday, November 4th. Barclays upped their target price on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $52.00 to $58.00 in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $51.79.

Williams Companies Price Performance

Shares of NYSE WMB traded up $0.03 during midday trading on Tuesday, reaching $58.22. 1,395,369 shares of the stock traded hands, compared to its average volume of 6,277,739. The company’s 50 day moving average is $51.60 and its 200 day moving average is $45.86. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $60.36. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The stock has a market capitalization of $70.97 billion, a PE ratio of 24.56, a P/E/G ratio of 6.14 and a beta of 1.03.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. On average, equities research analysts anticipate that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 yield of 3.26%. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Insider Activity

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 304,200 shares in the company, valued at $13,777,218. The trade was a 0.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the transaction, the chief accounting officer now directly owns 25,858 shares in the company, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

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.