Segment Wealth Management LLC Acquires 469 Shares of The Williams Companies, Inc. (NYSE:WMB)

Segment Wealth Management LLC lifted its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 27,892 shares of the pipeline company’s stock after acquiring an additional 469 shares during the period. Segment Wealth Management LLC’s holdings in Williams Companies were worth $1,273,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. CVA Family Office LLC lifted its stake in Williams Companies by 18.7% in the third quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company’s stock valued at $72,000 after buying an additional 249 shares during the period. J.W. Cole Advisors Inc. raised its holdings in Williams Companies by 2.8% in the second quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock worth $395,000 after purchasing an additional 257 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Williams Companies by 0.8% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,206 shares of the pipeline company’s stock worth $1,326,000 after purchasing an additional 260 shares in the last quarter. Everett Harris & Co. CA grew its holdings in shares of Williams Companies by 1.8% in the 1st quarter. Everett Harris & Co. CA now owns 15,175 shares of the pipeline company’s stock valued at $591,000 after buying an additional 275 shares during the period. Finally, Whittier Trust Co. increased its holdings in shares of Williams Companies by 3.5% in the third quarter. Whittier Trust Co. now owns 8,061 shares of the pipeline company’s stock worth $368,000 after acquiring an additional 275 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WMB shares. Scotiabank increased their target price on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. CIBC increased their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday. UBS Group lifted their target price on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Bank of America initiated coverage on Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 price target for the company. Finally, Royal Bank of Canada raised their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $48.62.

Insiders Place Their Bets

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.44% of the company’s stock.

Williams Companies Trading Up 0.6 %

WMB stock opened at $52.30 on Wednesday. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $52.82. The stock has a market cap of $63.74 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 5.88 and a beta of 1.05. The company has a fifty day moving average price of $46.65 and a two-hundred day moving average price of $43.07. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39.

Williams Companies (NYSE:WMB) last announced its 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 the consensus estimate of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. Williams Companies’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. Equities analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.475 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.90 annualized dividend and a yield of 3.63%. Williams Companies’s dividend payout ratio (DPR) 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.