OneAscent Wealth Management LLC Invests $465,000 in The Williams Companies, Inc. (NYSE:WMB)

by · The Cerbat Gem

OneAscent Wealth Management LLC purchased a new position in shares of The Williams Companies, Inc. (NYSE:WMB – Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 10,193 shares of the pipeline company’s stock, valued at approximately $465,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMB. SouthState Corp bought a new position in shares of Williams Companies in the 2nd quarter valued at approximately $31,000. Rosenberg Matthew Hamilton raised its stake in shares of Williams Companies by 50.4% in 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 in the last quarter. GHP Investment Advisors Inc. bought a new position in shares of Williams Companies in the 2nd quarter valued at approximately $34,000. Quarry LP bought a new position in shares of Williams Companies in the 2nd quarter valued at approximately $35,000. Finally, Fortitude Family Office LLC raised its stake in shares of Williams Companies by 120.8% in the 3rd quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock valued at $45,000 after acquiring an additional 545 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Scotiabank raised their price objective on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. UBS Group lifted their price target on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday. CIBC lifted their price target on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One research 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’s stock. According to data from MarketBeat, Williams Companies presently has an average rating of “Hold” and an average price target of $51.54.

Read Our Latest Stock Report on WMB

Insider Activity at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. The trade was a 23.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Tuesday, October 1st. The shares were 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 of the company’s stock, valued at approximately $13,777,218. The trade was a 0.65 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.

Williams Companies Stock Performance

Shares of NYSE:WMB traded up $0.62 during trading on Monday, hitting $57.17. 375,931 shares of the stock were exchanged, compared to its average volume of 6,225,980. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $57.33. The company has a market capitalization of $69.69 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 5.83 and a beta of 1.03. The company’s fifty day simple moving average is $49.94 and its 200-day simple moving average is $45.03. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57.

Williams Companies (NYSE:WMB – Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Williams Companies’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. Sell-side analysts expect that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio is 80.17%.

Williams Companies Company Profile

(Free Report)

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.

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