Sanctuary Advisors LLC Takes Position in The Williams Companies, Inc. (NYSE:WMB)

Sanctuary Advisors LLC acquired a new position in shares of The Williams Companies, Inc. (NYSE:WMB) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 318,096 shares of the pipeline company’s stock, valued at approximately $12,488,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMB. Rise Advisors LLC bought a new position in Williams Companies during the 1st quarter worth approximately $27,000. Fairman Group LLC bought a new position in Williams Companies during the fourth quarter worth $31,000. SouthState Corp acquired a new position in Williams Companies in the second quarter valued at $31,000. GHP Investment Advisors Inc. bought a new stake in Williams Companies during the second quarter valued at $34,000. Finally, Quarry LP acquired a new stake in Williams Companies during the 2nd quarter worth about $35,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred 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 of the company’s stock, valued at approximately $13,777,218. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.44% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on WMB shares. Morgan Stanley upped their target price on Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, June 10th. Citigroup increased their price target on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday. Barclays lifted their price objective on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday. Royal Bank of Canada increased their target price on shares of Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Finally, Truist Financial lifted their price target on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Williams Companies has a consensus rating of “Hold” and a consensus target price of $44.46.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $48.21 on Friday. The company has a market cap of $58.76 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 6.54 and a beta of 1.05. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The Williams Companies, Inc. has a 52 week low of $32.58 and a 52 week high of $48.33. The business has a 50 day moving average price of $44.61 and a 200-day moving average price of $41.91.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the business earned $0.42 EPS. The business’s revenue was down 5.9% on a year-over-year basis. Equities analysts anticipate that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.94%. The ex-dividend date was Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

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.