The Williams Companies, Inc. (NYSE:WMB) Stock Holdings Lifted by Czech National Bank

Czech National Bank lifted its holdings in The Williams Companies, Inc. (NYSE:WMB) by 6.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 248,309 shares of the pipeline company’s stock after buying an additional 16,064 shares during the quarter. Czech National Bank’s holdings in Williams Companies were worth $11,335,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC bought a new stake in Williams Companies in the 1st quarter valued at about $27,000. SouthState Corp bought a new stake in Williams Companies in the 2nd quarter valued at about $31,000. GHP Investment Advisors Inc. bought a new stake in Williams Companies in the 2nd quarter valued at about $34,000. Quarry LP acquired a new position in Williams Companies during the 2nd quarter valued at about $35,000. Finally, Fairman Group LLC acquired a new position in Williams Companies during the 4th quarter valued at about $31,000. 86.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on WMB. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $52.00 to $58.00 in a research note on Friday. Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Royal Bank of Canada raised their target price on shares of Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Citigroup lifted their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, UBS Group lifted their price objective on shares of Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $45.23.

Insider Buying and Selling at Williams Companies

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 value of $90,580.00. Following the completion of the sale, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Up 2.9 %

Shares of WMB stock traded up $1.42 during trading on Friday, hitting $49.63. 7,637,639 shares of the company were exchanged, compared to its average volume of 6,314,612. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The firm has a market capitalization of $60.49 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 6.54 and a beta of 1.05. The business’s 50-day simple moving average is $44.75 and its 200 day simple moving average is $42.00. The Williams Companies, Inc. has a twelve month low of $32.63 and a twelve month high of $49.67.

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

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date was Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

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.