The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its position in The Williams Companies, Inc. (NYSE:WMB) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,554 shares of the pipeline company’s stock after purchasing an additional 353 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Williams Companies were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in WMB. Rise Advisors LLC bought a new position in shares of Williams Companies in the first quarter worth $27,000. SouthState Corp bought a new position in Williams Companies in the 2nd quarter valued at about $31,000. GHP Investment Advisors Inc. acquired a new position in Williams Companies during the 2nd quarter valued at about $34,000. Fairman Group LLC bought a new stake in shares of Williams Companies during the 4th quarter worth about $31,000. Finally, Alaska Permanent Fund Corp acquired a new stake in shares of Williams Companies in the 1st quarter worth approximately $46,000. Institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

WMB has been the topic of several recent analyst reports. Barclays boosted their target price on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday. Seaport Res Ptn lowered shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Royal Bank of Canada increased their price objective on Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Citigroup lifted their target price on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Argus raised Williams Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and a consensus target price of $46.08.

Insider Buying and Selling

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 shares were sold at an average price of $45.29, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Stock Up 2.9 %

WMB stock opened at $49.63 on Friday. The company has a 50 day moving average of $44.75 and a two-hundred day moving average of $42.03. The company has a market cap of $60.49 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 6.54 and a beta of 1.05. The Williams Companies, Inc. has a 12-month low of $32.63 and a 12-month high of $49.67. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the company earned $0.42 earnings per share. Williams Companies’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, equities analysts anticipate that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.475 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.83%. Williams Companies’s payout ratio is 79.83%.

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.