Williams Companies (NYSE:WMB) SVP Sells $148,340.00 in Stock

Williams Companies, Inc. (The) (NYSE:WMB) SVP Terrance Wilson sold 2,000 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $74.17, for a total value of $148,340.00. Following the transaction, the senior vice president directly owned 260,259 shares in the company, valued at approximately $19,303,410.03. This represents a 0.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Terrance Lane Wilson also recently made the following trade(s):

• On Thursday, October 1st, Terrance Wilson sold 2,000 shares of Williams Companies stock. The shares were sold at an average price of $67.85, for a total value of $135,700.00.
• On Tuesday, September 1st, Terrance Wilson sold 2,000 shares of Williams Companies stock. The stock was sold at an average price of $75.56, for a total value of $151,120.00.
• On Friday, August 14th, Terrance Wilson sold 13,000 shares of Williams Companies stock. The stock was sold at an average price of $74.87, for a total value of $973,310.00.

Williams Companies Trading Down 5.5%

Shares of WMB stock opened at $64.12 on Friday. Williams Companies, Inc. has a 12 month low of $57.50 and a 12 month high of $80.07. The company has a market cap of $80.16 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 1.45 and a beta of 0.62. The company has a quick ratio of 0.43, a current ratio of 0.75 and a debt-to-equity ratio of 1.48. The business’s 50 day moving average is $71.98 and its two-hundred day moving average is $72.44.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, November 2nd. The pipeline company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Williams Companies had a net margin of 24.99% and a return on equity of 17.02%. Williams Companies’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. Equities analysts predict that Williams Companies, Inc. will post 2.38 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Friday, December 11th will be given a dividend of $0.5250 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $2.10 dividend on an annualized basis and a yield of 3.3%. Williams Companies’s payout ratio is currently 82.68%.

Institutional Investors Weigh In On Williams Companies

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its stake in Williams Companies by 21.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,727,718 shares of the pipeline company’s stock worth $119,593,000 after buying an additional 302,258 shares during the period. Pictet Asset Management Holding SA grew its stake in Williams Companies by 0.8% in the third quarter. Pictet Asset Management Holding SA now owns 4,139,269 shares of the pipeline company’s stock valued at $281,352,000 after acquiring an additional 33,653 shares during the period. Formidable Asset Management LLC grew its stake in Williams Companies by 10.1% in the third quarter. Formidable Asset Management LLC now owns 3,944 shares of the pipeline company’s stock valued at $293,000 after acquiring an additional 361 shares during the period. Parallel Advisors LLC grew its stake in Williams Companies by 2.0% in the third quarter. Parallel Advisors LLC now owns 15,052 shares of the pipeline company’s stock valued at $1,023,000 after acquiring an additional 297 shares during the period. Finally, Bfsg LLC bought a new stake in shares of Williams Companies in the third quarter worth about $28,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WMB shares. Melius Research began coverage on Williams Companies in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $84.00 price objective on the stock. The Goldman Sachs Group restated a “buy” rating and set a $82.00 target price on shares of Williams Companies in a research note on Tuesday, July 14th. UBS Group reaffirmed a “buy” rating on shares of Williams Companies in a report on Tuesday, July 14th. Wells Fargo & Company lifted their price target on Williams Companies from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Finally, Scotiabank cut their price target on Williams Companies from $86.00 to $85.00 and set a “sector outperform” rating for the company in a report on Thursday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $87.06.

More Williams Companies News

Here are the key news stories impacting Williams Companies this week:

• Positive Sentiment: Williams reported record third-quarter adjusted EBITDA of $2.04 billion, up 6% year over year, and reaffirmed its full-year outlook. It also completed the Momentum Midstream acquisition, expanding its Haynesville footprint to serve expected LNG, industrial and power demand. Q3 earnings call highlights Momentum Midstream acquisition
• Neutral Sentiment: Management sees potential for one or two additional power deals by year-end, but financing, permitting and the timing of earnings contributions remain considerations for investors. Power backlog and funding
• Negative Sentiment: Despite revenue beating expectations, reports said quarterly earnings missed estimates as costs rose 15%. That weaker earnings mix may have overshadowed operating growth and contributed to the negative reaction; a subsequent report described a further after-hours drop. Q3 earnings and costs After-hours share move

Williams Companies Company Profile

The Williams Companies, Inc is an energy infrastructure company headquartered in Tulsa, Oklahoma. Founded in 1908 as Williams Brothers, the company has evolved from an early pipeline contractor into a major operator of natural gas infrastructure in the United States.

Williams primarily gathers, processes, transports and stores natural gas and natural gas liquids. Its assets include interstate and regional pipelines, gas processing and fractionation facilities, storage operations, and gathering systems that connect producers with utilities, industrial customers, power generators and other energy markets.