OneAscent Wealth Management LLC Invests $465,000 in The Williams Companies, Inc. (NYSE:WMB)

OneAscent Wealth Management LLC bought a new position in shares of The Williams Companies, Inc. (NYSE:WMB) in the third quarter, HoldingsChannel reports. The institutional investor bought 10,193 shares of the pipeline company’s stock, valued at approximately $465,000.

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

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the transaction, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. This represents a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the transaction, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. The trade was a 23.52 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE WMB traded up $0.62 during mid-day trading on Monday, hitting $57.17. 375,931 shares of the stock traded hands, compared to its average volume of 6,225,980. The company has a market cap of $69.69 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 5.83 and a beta of 1.03. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $57.33. The firm has a 50 day simple moving average of $49.94 and a two-hundred day simple moving average of $45.03.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. Williams Companies’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 earnings per share. As a group, equities research analysts forecast that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be given 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 3.32%. Williams Companies’s payout ratio is presently 80.17%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WMB. Citigroup increased their price target on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Truist Financial increased their target price 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 increased their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. CIBC increased their price target on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies has a consensus rating of “Hold” and an average price target 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.