Sanctuary Advisors LLC Purchases 134,643 Shares of The Williams Companies, Inc. (NYSE:WMB)

Sanctuary Advisors LLC boosted its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 42.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 452,739 shares of the pipeline company’s stock after acquiring an additional 134,643 shares during the quarter. Sanctuary Advisors LLC’s holdings in Williams Companies were worth $20,668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new stake in Williams Companies in the third quarter valued at $30,000. SouthState Corp bought a new stake in shares of Williams Companies in the 2nd quarter valued at about $31,000. Rosenberg Matthew Hamilton grew its position in shares of Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after buying an additional 252 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Williams Companies in the second quarter valued at about $34,000. Finally, Quarry LP bought a new stake in Williams Companies in the second quarter valued at approximately $35,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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 value of $90,580.00. Following the completion of the transaction, the senior vice president now owns 304,200 shares in the company, valued at $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 available at the SEC website. Also, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WMB has been the subject of several analyst reports. CIBC raised their price target on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group boosted their target price 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. Barclays increased their price target on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Citigroup upped their target price on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, Truist Financial lifted their target price on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $52.07.

Williams Companies Stock Performance

Shares of WMB opened at $55.19 on Friday. The firm has a market capitalization of $67.28 billion, a P/E ratio of 23.29, a P/E/G ratio of 5.69 and a beta of 1.05. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $60.36. The stock has a 50 day moving average price of $54.40 and a two-hundred day moving average price of $47.24. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Williams Companies’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 EPS. Equities analysts forecast that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

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. This represents a $1.90 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Friday, December 13th. Williams Companies’s payout ratio is 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.