Richard C. Young & CO. LTD. Buys 5,796 Shares of The Williams Companies, Inc. (NYSE:WMB)

Richard C. Young & CO. LTD. increased its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 335,694 shares of the pipeline company’s stock after acquiring an additional 5,796 shares during the period. Williams Companies accounts for about 1.7% of Richard C. Young & CO. LTD.’s holdings, making the stock its 26th largest position. Richard C. Young & CO. LTD.’s holdings in Williams Companies were worth $15,324,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. SouthState Corp bought a new position in shares of Williams Companies in the second quarter valued at approximately $31,000. Rosenberg Matthew Hamilton grew its stake in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after buying an additional 252 shares during the last quarter. GHP Investment Advisors Inc. bought a new position in Williams Companies in the 2nd quarter worth $34,000. Quarry LP acquired a new position in Williams Companies during the 2nd quarter worth $35,000. Finally, Fortitude Family Office LLC lifted its position in Williams Companies by 120.8% during the 3rd quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock worth $45,000 after acquiring an additional 545 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

Williams Companies Price Performance

NYSE:WMB opened at $56.55 on Monday. The firm has a market cap of $68.94 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 5.83 and a beta of 1.03. The company’s 50-day moving average price is $49.94 and its two-hundred day moving average price is $45.03. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $57.33.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations 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 was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS. On average, equities analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Dividend Announcement

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 issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Friday, December 13th. Williams Companies’s dividend payout ratio is currently 80.17%.

Insider Buying and Selling at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of the firm’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 completion of the sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This trade represents a 23.52 % 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. Also, 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 value of $90,580.00. Following the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. This represents a 0.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Truist Financial lifted their price objective on Williams Companies from $42.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Royal Bank of Canada upped their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. UBS Group raised their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday. Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, StockNews.com downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $51.54.

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.