4,314 Shares in The Williams Companies, Inc. (NYSE:WMB) Bought by Mayfair Advisory Group LLC

Mayfair Advisory Group LLC bought a new position in shares of The Williams Companies, Inc. (NYSE:WMB) in the 3rd quarter, Holdings Channel.com reports. The fund bought 4,314 shares of the pipeline company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SouthState Corp acquired a new position in Williams Companies during the 2nd quarter worth $31,000. GHP Investment Advisors Inc. acquired a new position in Williams Companies during the 2nd quarter worth $34,000. Quarry LP acquired a new position in Williams Companies during the 2nd quarter worth $35,000. Kimelman & Baird LLC acquired a new position in shares of Williams Companies during the 2nd quarter worth about $42,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Williams Companies during the 3rd quarter worth about $52,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the 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 sale, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.44% of the stock is owned by insiders.

Williams Companies Stock Performance

WMB opened at $52.51 on Friday. The stock’s 50 day simple moving average is $47.00 and its 200 day simple moving average is $43.20. The stock has a market cap of $64.00 billion, a P/E ratio of 22.06, a P/E/G ratio of 5.87 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 $52.85.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. Williams Companies’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 EPS. As a group, equities analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

Analyst Upgrades and Downgrades

WMB has been the subject of several analyst reports. CIBC upped their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday. Bank of America began coverage on Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price for the company. Citigroup boosted their target price on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. 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. Finally, StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Williams Companies presently has a consensus rating of “Hold” and a consensus target price of $48.62.

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.