Ingalls & Snyder LLC Reduces Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Ingalls & Snyder LLC lessened its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,566,023 shares of the pipeline company’s stock after selling 5,795 shares during the period. Williams Companies makes up 2.8% of Ingalls & Snyder LLC’s investment portfolio, making the stock its 7th largest position. Ingalls & Snyder LLC’s holdings in Williams Companies were worth $71,489,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. SouthState Corp bought a new position in Williams Companies in the 2nd quarter worth about $31,000. GHP Investment Advisors Inc. purchased a new stake in shares of Williams Companies during the 2nd quarter valued at about $34,000. Rosenberg Matthew Hamilton increased 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 purchasing an additional 252 shares during the last quarter. Quarry LP purchased a new stake in shares of Williams Companies during the 2nd quarter valued at about $35,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Williams Companies during the 3rd quarter valued at about $38,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Down 0.2 %

Shares of Williams Companies stock traded down $0.12 during trading on Tuesday, hitting $56.33. 543,602 shares of the stock traded hands, compared to its average volume of 6,271,897. The firm has a market cap of $68.67 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 6.00 and a beta of 1.05. 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 Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $60.36. The stock’s fifty day simple moving average is $52.65 and its 200 day simple moving average is $46.38.

Williams Companies (NYSE:WMB) last announced its quarterly 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 firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 earnings per share. On average, equities analysts predict that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

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 paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.37%. Williams Companies’s dividend payout ratio is currently 80.17%.

Analysts Set New Price Targets

Several research firms have recently commented on WMB. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. CIBC increased their target price on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Scotiabank increased their target price on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. UBS Group increased their target price on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Royal Bank of Canada increased their target price 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $52.07.

Insider Activity

In related 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 owns 304,200 shares of the company’s stock, valued at $13,777,218. This trade represents a 0.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the sale, the chief accounting officer now directly owns 25,858 shares of the company’s stock, 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. 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.