Raleigh Capital Management Inc. Has $1.06 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Raleigh Capital Management Inc. decreased its position in The Williams Companies, Inc. (NYSE:WMB) by 43.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,133 shares of the pipeline company’s stock after selling 18,130 shares during the period. Raleigh Capital Management Inc.’s holdings in Williams Companies were worth $1,056,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. SouthState Corp acquired a new position in shares of Williams Companies during the 2nd quarter worth about $31,000. GHP Investment Advisors Inc. bought a new position in Williams Companies in the 2nd quarter valued at about $34,000. Quarry LP bought a new position in Williams Companies in the 2nd quarter valued at about $35,000. Kimelman & Baird LLC bought a new stake in shares of Williams Companies during the second quarter worth approximately $42,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Williams Companies in the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Trading Down 0.7 %

NYSE WMB opened at $52.00 on Tuesday. The stock has a market capitalization of $63.38 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 5.88 and a beta of 1.05. The business’s fifty day moving average is $46.46 and its 200-day moving average is $42.98. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $52.82.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. Equities research analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Friday, September 13th. Williams Companies’s payout ratio is 79.83%.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Tuesday, October 1st. The shares were 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 approximately $13,777,218. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Barclays raised their price target on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Bank of America started coverage on shares of Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective for the company. Citigroup raised their price objective on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, UBS Group lifted their price target on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Williams Companies currently has an average rating of “Hold” and a consensus target price of $47.46.

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.