Oxbow Advisors LLC Trims Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Oxbow Advisors LLC cut its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,312 shares of the pipeline company’s stock after selling 1,680 shares during the period. Williams Companies makes up 1.3% of Oxbow Advisors LLC’s holdings, making the stock its 15th biggest holding. Oxbow Advisors LLC’s holdings in Williams Companies were worth $12,659,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WMB. SouthState Corp acquired a new position in Williams Companies during the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. acquired a new position in Williams Companies during the 2nd quarter worth approximately $34,000. Rosenberg Matthew Hamilton grew its holdings in Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 252 shares in the last quarter. Quarry LP acquired a new position in shares of Williams Companies in the 2nd quarter valued at $35,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Williams Companies in the 2nd quarter valued at $42,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 directly owns 304,200 shares in the company, valued at $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Mizuho upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. UBS Group upped their price target on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Bank of America began coverage on shares of Williams Companies in a research report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target for the company. Finally, Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $50.38.

Williams Companies Price Performance

Shares of NYSE WMB traded up $0.87 during midday trading on Friday, hitting $56.31. The company had a trading volume of 7,120,229 shares, compared to its average volume of 6,255,060. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The business has a 50-day simple moving average of $48.81 and a two-hundred day simple moving average of $44.34. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $56.80. The firm has a market capitalization of $68.63 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 6.19 and a beta of 1.03.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.90%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the firm posted $0.45 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.475 per share. The ex-dividend date is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.37%. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

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.