Redwood Investment Management LLC Sells 7,307 Shares of The Williams Companies, Inc. (NYSE:WMB)

Redwood Investment Management LLC lowered its position in The Williams Companies, Inc. (NYSE:WMB) by 14.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 43,712 shares of the pipeline company’s stock after selling 7,307 shares during the quarter. Redwood Investment Management LLC’s holdings in Williams Companies were worth $1,976,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WMB. SouthState Corp bought a new position in Williams Companies in the 2nd quarter worth $31,000. GHP Investment Advisors Inc. bought a new position in Williams Companies in the 2nd quarter worth $34,000. Rosenberg Matthew Hamilton boosted its holdings in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after buying an additional 252 shares during the period. Quarry LP bought a new position in Williams Companies in the 2nd quarter worth $35,000. Finally, FSA Wealth Management LLC bought a new position in Williams Companies in the 3rd quarter worth $38,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

Williams Companies stock opened at $57.16 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $60.36. The firm has a market capitalization of $69.68 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 5.78 and a beta of 1.05. The company’s 50-day moving average is $53.53 and its 200 day moving average is $46.74.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.65 billion for 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 company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS. Research analysts forecast that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 3.32%. Williams Companies’s dividend payout ratio is currently 80.17%.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. This trade represents a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction that occurred 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 owns 25,858 shares in the company, valued at approximately $1,455,805.40. This represents a 23.52 % 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

Several research analysts have commented on WMB shares. CIBC increased their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. UBS Group increased their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 15th. The Goldman Sachs Group increased their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Scotiabank increased their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Finally, Citigroup increased their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $52.07.

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.