Arrow Financial Corp Sells 1,072 Shares of The Williams Companies, Inc. (NYSE:WMB)

Arrow Financial Corp cut its holdings in The Williams Companies, Inc. (NYSE:WMB) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. O Shaughnessy Asset Management LLC lifted its position in shares of Williams Companies by 15.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock valued at $4,221,000 after acquiring an additional 14,672 shares during the period. Brendel Financial Advisors LLC raised its holdings in shares of Williams Companies by 0.8% during the third quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock valued at $2,370,000 after purchasing an additional 419 shares during the period. Valley National Advisers Inc. boosted its position in shares of Williams Companies by 1,855.7% during the 3rd quarter. Valley National Advisers Inc. now owns 42,029 shares of the pipeline company’s stock worth $1,918,000 after purchasing an additional 39,880 shares in the last quarter. M&G Plc acquired a new stake in shares of Williams Companies in the 1st quarter valued at about $1,036,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Williams Companies by 58.1% in the 1st quarter. Russell Investments Group Ltd. now owns 1,404,198 shares of the pipeline company’s stock valued at $54,692,000 after buying an additional 515,823 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Trading Up 1.6 %

NYSE:WMB opened at $56.31 on Friday. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $56.80. The firm has a 50-day moving average price of $48.81 and a two-hundred day moving average price of $44.34. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.39 and a current ratio of 0.57. The firm has a market cap of $68.64 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 6.37 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 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 return on equity of 15.89% and a net margin of 27.36%. Williams Companies’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $0.45 earnings per share. On average, equities analysts expect that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Friday, December 13th. Williams Companies’s payout ratio is 80.17%.

Insider Buying and Selling

In other Williams Companies 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 sale, the senior vice president now owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WMB. Bank of America initiated coverage on Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 price target on the stock. StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. CIBC boosted their price target on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Truist Financial upped their price objective on shares of Williams Companies from $42.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, Scotiabank lifted 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $50.38.

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.