The Williams Companies, Inc. (NYSE:WMB) Shares Acquired by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA grew its stake in The Williams Companies, Inc. (NYSE:WMB) by 1.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,747 shares of the pipeline company’s stock after purchasing an additional 325 shares during the period. First Commonwealth Financial Corp PA’s holdings in Williams Companies were worth $901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CreativeOne Wealth LLC grew its holdings in Williams Companies by 103.1% in the 3rd quarter. CreativeOne Wealth LLC now owns 24,915 shares of the pipeline company’s stock valued at $1,137,000 after buying an additional 12,647 shares in the last quarter. Glenmede Trust Co. NA boosted its position in shares of Williams Companies by 0.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 175,294 shares of the pipeline company’s stock valued at $8,002,000 after acquiring an additional 1,012 shares during the last quarter. Cadence Bank boosted its position in shares of Williams Companies by 14.1% during the 3rd quarter. Cadence Bank now owns 8,905 shares of the pipeline company’s stock valued at $407,000 after acquiring an additional 1,101 shares during the last quarter. Avestar Capital LLC grew its holdings in shares of Williams Companies by 6.2% in the third quarter. Avestar Capital LLC now owns 5,210 shares of the pipeline company’s stock valued at $238,000 after purchasing an additional 306 shares during the period. Finally, Brooklyn Investment Group increased its position in Williams Companies by 2.6% during the third quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock worth $357,000 after purchasing an additional 197 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WMB shares. 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 report on Wednesday, October 2nd. CIBC increased their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Bank of America started coverage on Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, Mizuho raised their price objective on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $51.79.

Williams Companies Stock Down 0.7 %

Williams Companies stock traded down $0.41 during mid-day trading on Wednesday, reaching $57.96. 349,067 shares of the company’s stock were exchanged, compared to its average volume of 6,278,907. The company has a market cap of $70.65 billion, a P/E ratio of 24.62, a P/E/G ratio of 5.99 and a beta of 1.03. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $60.36. The company has a fifty day moving average of $51.86 and a 200-day moving average of $46.00.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Sell-side analysts expect that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 yield of 3.28%. Williams Companies’s dividend payout ratio is currently 80.17%.

Insider Activity at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the transaction, the chief accounting officer now directly 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 document filed with the SEC, which is available at the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on 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 transaction, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. This represents a 0.65 % 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.

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.