The Williams Companies, Inc. (NYSE:WMB) Shares Acquired by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC boosted its holdings in The Williams Companies, Inc. (NYSE:WMB) by 3.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 17,395 shares of the pipeline company’s stock after buying an additional 527 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Williams Companies were worth $794,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Clearbridge Investments LLC boosted its position in Williams Companies by 5.9% during the 1st quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock worth $817,736,000 after purchasing an additional 1,175,628 shares during the period. Tortoise Capital Advisors L.L.C. boosted its position in shares of Williams Companies by 1.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock worth $538,482,000 after buying an additional 144,713 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Williams Companies by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock valued at $410,064,000 after buying an additional 311,530 shares in the last quarter. Bahl & Gaynor Inc. raised its holdings in shares of Williams Companies by 8.8% during the 2nd quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company’s stock valued at $325,726,000 after buying an additional 618,056 shares during the period. Finally, Blackstone Inc. lifted its position in Williams Companies by 109.1% during the 1st quarter. Blackstone Inc. now owns 6,466,660 shares of the pipeline company’s stock worth $252,006,000 after acquiring an additional 3,373,800 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Performance

WMB stock opened at $55.33 on Thursday. The stock’s 50 day simple moving average is $48.40 and its 200 day simple moving average is $44.14. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $55.79. The firm has a market cap of $67.43 billion, a P/E ratio of 23.75, a P/E/G ratio of 5.84 and a beta of 1.03. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the firm posted $0.42 EPS. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is presently 81.55%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WMB shares. Royal Bank of Canada lifted their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Bank of America began coverage on shares of Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 price target on the stock. Barclays upped their price objective on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. UBS Group raised their target price on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Finally, Mizuho increased their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Williams Companies currently has an average rating of “Hold” and an average target price of $50.38.

Insider Activity

In other news, 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 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.44% of the stock is owned by insiders.

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.