Annex Advisory Services LLC Boosts Holdings in The Williams Companies, Inc. (NYSE:WMB)

Annex Advisory Services LLC boosted its stake in The Williams Companies, Inc. (NYSE:WMB) by 11.1% in the third quarter, Holdings Channel.com reports. The fund owned 165,414 shares of the pipeline company’s stock after buying an additional 16,553 shares during the quarter. Annex Advisory Services LLC’s holdings in Williams Companies were worth $7,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. J.W. Cole Advisors Inc. lifted its holdings in shares of Williams Companies by 2.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock valued at $395,000 after purchasing an additional 257 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Williams Companies by 0.8% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,206 shares of the pipeline company’s stock valued at $1,326,000 after buying an additional 260 shares during the last quarter. Everett Harris & Co. CA boosted its holdings in shares of Williams Companies by 1.8% in the first quarter. Everett Harris & Co. CA now owns 15,175 shares of the pipeline company’s stock valued at $591,000 after acquiring an additional 275 shares during the period. Schulhoff & Co. Inc. increased its holdings in shares of Williams Companies by 1.6% in the 1st quarter. Schulhoff & Co. Inc. now owns 17,883 shares of the pipeline company’s stock valued at $697,000 after acquiring an additional 276 shares during the period. Finally, Industrial Alliance Investment Management Inc. raised its position in Williams Companies by 3.3% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 8,770 shares of the pipeline company’s stock valued at $342,000 after purchasing an additional 280 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Ratings Changes

WMB has been the topic of several research reports. Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Truist Financial raised their price target on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, June 18th. Barclays upped their price objective on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Scotiabank boosted their target price on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Williams Companies has a consensus rating of “Hold” and an average price target of $46.08.

Williams Companies Trading Up 2.0 %

Shares of WMB stock opened at $50.48 on Friday. The business’s fifty day moving average price is $45.43 and its 200 day moving average price is $42.43. The firm has a market capitalization of $61.52 billion, a PE ratio of 21.67, a P/E/G ratio of 6.89 and a beta of 1.05. 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 1-year low of $32.65 and a 1-year high of $50.53.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business’s revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 EPS. As a group, sell-side analysts forecast that The Williams Companies, Inc. will post 1.9 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.475 per share. The ex-dividend date was Friday, September 13th. This represents a $1.90 annualized dividend and a yield of 3.76%. Williams Companies’s payout ratio is currently 81.55%.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 304,200 shares of the company’s stock, valued at $13,777,218. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

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.