Arrow Financial Corp Has $3.62 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Arrow Financial Corp trimmed its position in The Williams Companies, Inc. (NYSE:WMB) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,210 shares of the pipeline company’s stock after selling 1,072 shares during the quarter. Arrow Financial Corp’s holdings in Williams Companies were worth $3,616,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in WMB. SG Americas Securities LLC increased its position in Williams Companies by 189.8% during the first quarter. SG Americas Securities LLC now owns 169,692 shares of the pipeline company’s stock worth $6,613,000 after acquiring an additional 111,143 shares during the period. Illinois Municipal Retirement Fund boosted its stake in shares of Williams Companies by 61.9% in the first quarter. Illinois Municipal Retirement Fund now owns 64,026 shares of the pipeline company’s stock valued at $2,495,000 after buying an additional 24,481 shares during the period. Atomi Financial Group Inc. acquired a new stake in Williams Companies during the first quarter worth approximately $242,000. Sei Investments Co. increased its stake in Williams Companies by 18.9% during the 1st quarter. Sei Investments Co. now owns 936,849 shares of the pipeline company’s stock worth $36,509,000 after acquiring an additional 148,647 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Williams Companies during the 1st quarter worth $919,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

NYSE:WMB opened at $56.31 on Friday. The stock’s 50-day moving average is $48.81 and its 200-day moving average is $44.34. The stock has a market cap of $68.64 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 6.37 and a beta of 1.03. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $56.80. The company has a current ratio of 0.57, a quick ratio of 0.39 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 EPS. Equities research analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Announces Dividend

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 annualized dividend and a dividend yield of 3.37%. Williams Companies’s payout ratio is 80.17%.

Analyst Ratings Changes

Several research firms have recently issued reports on WMB. CIBC increased their target price on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Royal Bank of Canada increased their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Barclays boosted their target price on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Citigroup lifted their price objective 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. Finally, UBS Group upped their target price on Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.38.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the sale, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.44% of the stock is owned by corporate insiders.

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.