Scott & Selber Inc. Has $4.74 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Scott & Selber Inc. cut its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,755 shares of the pipeline company’s stock after selling 456 shares during the quarter. Williams Companies accounts for about 1.5% of Scott & Selber Inc.’s investment portfolio, making the stock its 18th largest holding. Scott & Selber Inc.’s holdings in Williams Companies were worth $4,736,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. SouthState Corp acquired a new stake in shares of Williams Companies during the second quarter worth approximately $31,000. Rosenberg Matthew Hamilton lifted its position in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after buying an additional 252 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in Williams Companies in the 2nd quarter worth approximately $34,000. Quarry LP acquired a new stake in shares of Williams Companies during the 2nd quarter valued at $35,000. Finally, Fortitude Family Office LLC grew its holdings in shares of Williams Companies by 120.8% during the 3rd quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock valued at $45,000 after acquiring an additional 545 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WMB. Bank of America initiated coverage on Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective for the company. Mizuho raised their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Royal Bank of Canada lifted their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Truist Financial increased their price objective on Williams Companies from $42.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Citigroup lifted their target price on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.38.

Williams Companies Stock Up 1.6 %

Williams Companies stock opened at $56.31 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 Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $56.80. The firm has a fifty day moving average price of $48.81 and a two-hundred day moving average price of $44.34. The firm has a market cap of $68.63 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 6.19 and a beta of 1.03.

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 business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a return on equity of 15.90% and a net margin of 27.36%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS. As a group, analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a $0.475 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.37%. Williams Companies’s payout ratio is 80.17%.

Insider Buying and Selling

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction on 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.44% of the stock is currently owned by insiders.

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.