The Williams Companies, Inc. (NYSE:WMB) Shares Sold by CNB Bank

CNB Bank trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 15.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,559 shares of the pipeline company’s stock after selling 5,278 shares during the quarter. CNB Bank’s holdings in Williams Companies were worth $1,304,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WMB. SouthState Corp purchased a new position in shares of Williams Companies in the second quarter valued at approximately $31,000. GHP Investment Advisors Inc. purchased a new position in Williams Companies in the 2nd quarter valued at approximately $34,000. Quarry LP acquired a new position in shares of Williams Companies in the second quarter worth $35,000. Kimelman & Baird LLC acquired a new position in shares of Williams Companies in the second quarter worth $42,000. Finally, Alaska Permanent Fund Corp acquired a new stake in shares of Williams Companies in the first quarter valued at $46,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WMB. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Barclays raised their target price on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Scotiabank boosted their price target on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Citigroup increased their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and an average target price of $47.46.

Williams Companies Trading Up 1.6 %

Shares of WMB opened at $52.36 on Friday. 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 firm has a 50 day simple moving average of $46.29 and a 200-day simple moving average of $42.87. The stock has a market cap of $63.81 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 5.88 and a beta of 1.05. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $52.44.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm 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%. Williams Companies’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. Equities analysts forecast that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.63%. Williams Companies’s dividend payout ratio (DPR) is 81.55%.

Insider Activity

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.44% of the company’s stock.

Williams Companies 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.