Hourglass Capital LLC Has $7.04 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Hourglass Capital LLC lessened its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,300 shares of the pipeline company’s stock after selling 2,640 shares during the quarter. Williams Companies comprises about 2.0% of Hourglass Capital LLC’s investment portfolio, making the stock its 19th largest position. Hourglass Capital LLC’s holdings in Williams Companies were worth $7,044,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SouthState Corp acquired a new position in shares of Williams Companies during the second quarter valued at $31,000. GHP Investment Advisors Inc. acquired a new position in shares of Williams Companies during the second quarter valued at $34,000. Rosenberg Matthew Hamilton lifted its stake 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 valued at $34,000 after acquiring an additional 252 shares during the period. Quarry LP acquired a new position in shares of Williams Companies during the second quarter valued at $35,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Williams Companies during the second quarter valued at $42,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction that occurred on 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 directly owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of recent analyst reports. Citigroup upped their price objective on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. UBS Group upped their price objective on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Mizuho upped their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $50.38.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $55.60 on Thursday. The stock has a 50 day moving average price of $49.25 and a 200 day moving average price of $44.66. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $57.33. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The stock has a market capitalization of $67.78 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 5.56 and a beta of 1.03.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the firm posted $0.45 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts predict that The Williams Companies, Inc. will post 2.01 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be given a dividend of $0.475 per share. The ex-dividend date is Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.42%. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

About Williams Companies

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.