Axiom Advisory LLC Purchases 498 Shares of The Williams Companies, Inc. (NYSE:WMB)

Axiom Advisory LLC raised its position in The Williams Companies, Inc. (NYSE:WMB) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,907 shares of the pipeline company’s stock after purchasing an additional 498 shares during the period. Axiom Advisory LLC’s holdings in Williams Companies were worth $876,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Clearbridge Investments LLC grew its position in Williams Companies by 5.9% during the first quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock worth $817,736,000 after buying an additional 1,175,628 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its position in shares of Williams Companies by 1.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock valued at $538,482,000 after acquiring an additional 144,713 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Williams Companies by 21.3% during the fourth quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock worth $403,801,000 after purchasing an additional 2,039,703 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Williams Companies by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock worth $410,064,000 after purchasing an additional 311,530 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP raised its stake in Williams Companies by 13.4% in the first quarter. Kayne Anderson Capital Advisors LP now owns 8,540,611 shares of the pipeline company’s stock valued at $332,828,000 after purchasing an additional 1,010,658 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was 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 owns 304,200 shares of the company’s stock, valued at $13,777,218. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WMB. Seaport Res Ptn lowered shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Citigroup raised 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. Barclays upped their price objective on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Scotiabank raised their price objective 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, Truist Financial upped their target price on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.08.

Williams Companies Stock Down 1.5 %

Shares of NYSE WMB opened at $48.94 on Wednesday. The firm’s fifty day moving average is $44.88 and its 200 day moving average is $42.14. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $49.94. 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 company has a market cap of $59.65 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 6.79 and a beta of 1.05.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share (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 net margin of 27.11% and a return on equity of 16.17%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 earnings per share. On average, equities research analysts expect that The Williams Companies, Inc. will post 1.94 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.475 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.88%. Williams Companies’s dividend payout ratio is currently 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.