The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. lifted its stake in The Williams Companies, Inc. (NYSE:WMB) by 17.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,059 shares of the pipeline company’s stock after acquiring an additional 9,561 shares during the period. Sumitomo Life Insurance Co.’s holdings in Williams Companies were worth $2,924,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in WMB. Rise Advisors LLC bought a new stake in Williams Companies during the first quarter worth approximately $27,000. SouthState Corp acquired a new stake in shares of Williams Companies in the second quarter valued at $31,000. GHP Investment Advisors Inc. acquired a new stake in shares of Williams Companies in the second quarter valued at $34,000. Quarry LP bought a new position in Williams Companies during the second quarter valued at about $35,000. Finally, Kimelman & Baird LLC acquired a new position in Williams Companies during the second quarter worth about $42,000. 86.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was 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 directly owns 304,200 shares of the company’s stock, valued at $13,777,218. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

WMB has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price target on shares of Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Citigroup lifted their price target on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Seaport Res Ptn lowered shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Truist Financial boosted their target price on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. Finally, StockNews.com downgraded 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, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $46.08.

Williams Companies Stock Up 0.0 %

NYSE:WMB traded up $0.01 on Wednesday, hitting $50.91. 577,877 shares of the company’s stock traded hands, compared to its average volume of 6,259,067. The firm has a 50-day moving average price of $45.79 and a 200-day moving average price of $42.63. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The company has a market cap of $62.05 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 7.10 and a beta of 1.05. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $51.19.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The firm’s revenue was down 5.9% on a year-over-year basis. Equities analysts anticipate that The Williams Companies, Inc. will post 1.9 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.475 per share. The ex-dividend date was Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.73%. Williams Companies’s payout ratio is 81.55%.

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.