Forte Capital LLC ADV Has $3.25 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

Forte Capital LLC ADV trimmed its holdings in The Williams Companies, Inc. (NYSE:WMB) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,075 shares of the pipeline company’s stock after selling 597 shares during the period. Forte Capital LLC ADV’s holdings in Williams Companies were worth $3,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Nordea Investment Management AB raised its holdings in Williams Companies by 8.7% during the 1st quarter. Nordea Investment Management AB now owns 98,313 shares of the pipeline company’s stock worth $3,820,000 after buying an additional 7,891 shares during the period. Empirical Finance LLC lifted its position in Williams Companies by 5.6% in the 1st quarter. Empirical Finance LLC now owns 27,620 shares of the pipeline company’s stock valued at $1,076,000 after acquiring an additional 1,468 shares in the last quarter. SG Americas Securities LLC boosted its stake in Williams Companies by 189.8% in the 1st quarter. SG Americas Securities LLC now owns 169,692 shares of the pipeline company’s stock worth $6,613,000 after purchasing an additional 111,143 shares during the period. Hilltop National Bank acquired a new position in Williams Companies in the 1st quarter worth $545,000. Finally, Oppenheimer & Co. Inc. increased its holdings in Williams Companies by 22.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 125,601 shares of the pipeline company’s stock worth $4,895,000 after purchasing an additional 22,810 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Trading Up 4.3 %

Shares of Williams Companies stock opened at $55.33 on Thursday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The business has a fifty day simple moving average of $48.40 and a two-hundred day simple moving average of $44.14. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $55.79. The company has a market capitalization of $67.43 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 5.84 and a beta of 1.03.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the firm earned $0.42 EPS. The business’s revenue was down 5.9% on a year-over-year basis. Research analysts forecast 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 will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be issued a dividend of $0.475 per share. The ex-dividend date is Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.43%. Williams Companies’s payout ratio is currently 81.55%.

Analyst Ratings Changes

WMB has been the subject of several recent research reports. Scotiabank upped their price objective on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Barclays raised their target price on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. CIBC increased their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Citigroup lifted their target price on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $50.38.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

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.