Cadence Bank Has $407,000 Stake in The Williams Companies, Inc. (NYSE:WMB)

Cadence Bank boosted its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 14.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,905 shares of the pipeline company’s stock after purchasing an additional 1,101 shares during the quarter. Cadence Bank’s holdings in Williams Companies were worth $407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. iA Global Asset Management Inc. lifted its holdings in Williams Companies by 454.3% during the 1st quarter. iA Global Asset Management Inc. now owns 52,947 shares of the pipeline company’s stock valued at $2,063,000 after purchasing an additional 43,395 shares during the last quarter. Sanibel Captiva Trust Company Inc. increased its holdings in shares of Williams Companies by 5.3% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 32,416 shares of the pipeline company’s stock worth $1,263,000 after buying an additional 1,646 shares in the last quarter. Burney Co. raised its stake in shares of Williams Companies by 3.0% in the first quarter. Burney Co. now owns 50,083 shares of the pipeline company’s stock valued at $1,952,000 after acquiring an additional 1,437 shares during the last quarter. Invst LLC acquired a new position in shares of Williams Companies in the 1st quarter worth approximately $884,000. Finally, Cetera Investment Advisers grew its position in Williams Companies by 180.6% during the 1st quarter. Cetera Investment Advisers now owns 638,120 shares of the pipeline company’s stock worth $24,868,000 after acquiring an additional 410,705 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

Insider Activity at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated 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 directly owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. The trade was a 0.65 % 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 corporate insiders.

Williams Companies Price Performance

WMB opened at $58.14 on Thursday. The company has a fifty day moving average price of $52.12 and a two-hundred day moving average price of $46.08. The firm has a market capitalization of $70.87 billion, a PE ratio of 24.53, a P/E/G ratio of 6.01 and a beta of 1.03. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $60.36. 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) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping 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 business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, analysts anticipate that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WMB. Mizuho lifted their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. CIBC lifted their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $52.00 to $58.00 in a report on Friday, October 4th. The Goldman Sachs Group boosted their target price on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Citigroup increased their price target on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned 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 $51.79.

Williams Companies 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.