The Williams Companies, Inc. (NYSE:WMB) Stake Lessened by Olistico Wealth LLC

Olistico Wealth LLC lessened its stake in The Williams Companies, Inc. (NYSE:WMB) by 10.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,609 shares of the pipeline company’s stock after selling 316 shares during the period. Olistico Wealth LLC’s holdings in Williams Companies were worth $119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. O Keefe Stevens Advisory Inc. increased its stake in Williams Companies by 43.3% during the third quarter. O Keefe Stevens Advisory Inc. now owns 10,603 shares of the pipeline company’s stock valued at $484,000 after purchasing an additional 3,204 shares during the last quarter. Atomi Financial Group Inc. increased its stake in Williams Companies by 34.0% during the third quarter. Atomi Financial Group Inc. now owns 12,301 shares of the pipeline company’s stock valued at $562,000 after purchasing an additional 3,121 shares during the last quarter. Blue Zone Wealth Advisors LLC increased its stake in Williams Companies by 1.9% during the third quarter. Blue Zone Wealth Advisors LLC now owns 161,230 shares of the pipeline company’s stock valued at $7,360,000 after purchasing an additional 3,040 shares during the last quarter. Axiom Advisory LLC increased its stake in Williams Companies by 2.6% during the third quarter. Axiom Advisory LLC now owns 19,907 shares of the pipeline company’s stock valued at $876,000 after purchasing an additional 498 shares during the last quarter. Finally, Cohen Investment Advisors LLC bought a new stake in Williams Companies during the third quarter valued at $380,000. Institutional investors own 86.44% of the company’s stock.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the transaction, the senior vice president now owns 304,200 shares in the company, 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 owned by corporate insiders.

Wall Street Analyst Weigh In

WMB has been the subject of several analyst reports. Truist Financial boosted their price target on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $52.00 to $58.00 in a report on Friday, October 4th. Barclays boosted their price target on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. UBS Group boosted their price target on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Argus raised shares of Williams Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $46.08.

Williams Companies Price Performance

Shares of NYSE WMB opened at $48.94 on Wednesday. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $49.94. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $59.65 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 6.79 and a beta of 1.05. The firm has a 50-day moving average of $44.88 and a two-hundred day moving average of $42.14.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business’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 EPS. As a group, analysts expect that The Williams Companies, Inc. will post 1.94 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, September 13th. This represents a $1.90 annualized dividend and a yield of 3.88%. Williams Companies’s payout ratio is presently 79.83%.

About Williams Companies

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.