Toronto Dominion Bank Purchases 56,954 Shares of The Williams Companies, Inc. (NYSE:WMB)

Toronto Dominion Bank raised its position in The Williams Companies, Inc. (NYSE:WMB) by 15.0% during the third quarter, Holdings Channel reports. The fund owned 437,790 shares of the pipeline company’s stock after acquiring an additional 56,954 shares during the period. Toronto Dominion Bank’s holdings in Williams Companies were worth $19,985,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of WMB. Legacy Investment Solutions LLC purchased a new position in shares of Williams Companies in the third quarter worth approximately $30,000. SouthState Corp bought a new position in Williams Companies in the second quarter worth approximately $31,000. GHP Investment Advisors Inc. purchased a new position in shares of Williams Companies during the 2nd quarter worth $34,000. Rosenberg Matthew Hamilton grew its position in shares of Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 252 shares during the period. Finally, Quarry LP purchased a new stake in shares of Williams Companies in the 2nd quarter worth $35,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WMB has been the topic of several analyst reports. Bank of America began coverage on Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 target price on the stock. Citigroup lifted their price objective on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $52.00 to $58.00 in a report on Friday, October 4th. Barclays raised their target price on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, UBS Group upped their price target on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Williams Companies presently has an average rating of “Hold” and a consensus price target of $52.07.

Williams Companies Stock Down 0.4 %

Shares of WMB stock opened at $55.19 on Friday. The company’s fifty day simple moving average is $54.26 and its two-hundred day simple moving average is $47.18. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $60.36. The stock has a market cap of $67.28 billion, a P/E ratio of 23.29, a PEG ratio of 5.69 and a beta of 1.05. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the company earned $0.45 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. Analysts predict that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio is presently 80.17%.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 completion of the transaction, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. This trade represents a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the sale, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company 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.