Intech Investment Management LLC Has $2.41 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Intech Investment Management LLC boosted its position in The Williams Companies, Inc. (NYSE:WMB) by 47.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,845 shares of the pipeline company’s stock after purchasing an additional 16,885 shares during the quarter. Intech Investment Management LLC’s holdings in Williams Companies were worth $2,412,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. SouthState Corp bought a new position in Williams Companies during the second quarter worth about $31,000. GHP Investment Advisors Inc. bought a new position in shares of Williams Companies during the second quarter worth approximately $34,000. Rosenberg Matthew Hamilton raised its position in shares of Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after buying an additional 252 shares in the last quarter. Quarry LP bought a new stake in shares of Williams Companies in the second quarter valued at approximately $35,000. Finally, Kimelman & Baird LLC acquired a new stake in Williams Companies during the second quarter worth approximately $42,000. Institutional investors own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction 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 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. This represents a 0.65 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

Williams Companies Trading Down 0.2 %

Shares of WMB stock opened at $59.65 on Monday. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $60.36. The stock’s fifty day simple moving average is $51.35 and its 200 day simple moving average is $45.73. 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 firm has a market capitalization of $72.71 billion, a P/E ratio of 25.17, a P/E/G ratio of 6.14 and a beta of 1.03.

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, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $2.65 billion for 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 quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share. As a group, sell-side analysts predict that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.19%. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Wall Street Analysts Forecast Growth

WMB has been the subject of several analyst reports. Citigroup lifted their price objective on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $52.00 to $58.00 in a research note on Friday, October 4th. CIBC increased their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Barclays boosted their target price 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. Finally, UBS Group increased their price target on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $51.54.

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.