West Michigan Advisors LLC Decreases Stock Position in The Williams Companies, Inc. (NYSE:WMB)

West Michigan Advisors LLC trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 12.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,080 shares of the pipeline company’s stock after selling 1,535 shares during the quarter. West Michigan Advisors LLC’s holdings in Williams Companies were worth $506,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in WMB. SouthState Corp purchased a new stake in shares of Williams Companies during the second quarter worth $31,000. GHP Investment Advisors Inc. acquired a new stake in Williams Companies in the 2nd quarter valued at about $34,000. Quarry LP purchased a new position in Williams Companies in the 2nd quarter worth approximately $35,000. Kimelman & Baird LLC purchased a new position in Williams Companies in the 2nd quarter worth approximately $42,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Williams Companies during the 1st quarter worth approximately $50,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 transaction, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

WMB stock opened at $52.62 on Friday. The business’s fifty day moving average price is $46.83 and its 200 day moving average price is $43.14. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $52.82. 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 $64.13 billion, a PE ratio of 22.58, a P/E/G ratio of 5.87 and a beta of 1.05.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the firm earned $0.42 earnings per share. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders 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 dividend yield of 3.61%. Williams Companies’s dividend payout ratio (DPR) is 81.55%.

Analyst Ratings Changes

WMB has been the subject of several recent research reports. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $52.00 to $58.00 in a report on Friday, October 4th. Royal Bank of Canada raised their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. CIBC upped their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday. UBS Group lifted their target price 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. Finally, 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Williams Companies currently has an average rating of “Hold” and a consensus price target of $48.62.

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.