The Williams Companies, Inc. (NYSE:WMB) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,209,457 shares of the pipeline company’s stock after selling 76,941 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.76% of Williams Companies worth $420,412,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. SouthState Corp purchased a new stake in shares of Williams Companies during the second quarter worth $31,000. GHP Investment Advisors Inc. purchased a new stake in shares of Williams Companies during the second quarter worth $34,000. Rosenberg Matthew Hamilton increased its position in shares of Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 252 shares during the period. Quarry LP purchased a new stake in shares of Williams Companies during the second quarter worth $35,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Williams Companies during the second quarter worth $42,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Performance

NYSE WMB opened at $58.14 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $60.36. The company has a market capitalization of $70.87 billion, a PE ratio of 24.53, a P/E/G ratio of 5.96 and a beta of 1.03. The company has a fifty day moving average of $52.38 and a two-hundred day moving average of $46.17.

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

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.27%. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. 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. The Goldman Sachs Group upped their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday. Truist Financial increased their target price on Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. CIBC increased their target price on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $51.79.

Insider Transactions at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the sale, the chief accounting officer now owns 25,858 shares in the company, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the sale, 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. Insiders own 0.44% of the company’s stock.

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.