Glenmede Trust Co. NA Purchases 1,012 Shares of The Williams Companies, Inc. (NYSE:WMB)

Glenmede Trust Co. NA increased its position in The Williams Companies, Inc. (NYSE:WMB) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 175,294 shares of the pipeline company’s stock after buying an additional 1,012 shares during the period. Glenmede Trust Co. NA’s holdings in Williams Companies were worth $8,002,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. SouthState Corp purchased a new stake in shares of Williams Companies during the second quarter worth about $31,000. GHP Investment Advisors Inc. purchased a new stake in Williams Companies during the 2nd quarter valued at approximately $34,000. Rosenberg Matthew Hamilton raised its position 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 buying an additional 252 shares during the last quarter. Quarry LP purchased a new position in shares of Williams Companies in the second quarter worth $35,000. Finally, Kimelman & Baird LLC bought a new position in shares of Williams Companies during the second quarter worth $42,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Bank of America initiated coverage on shares of Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target on the stock. Citigroup boosted 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. Mizuho raised their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. The Goldman Sachs Group boosted their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, CIBC raised their target price 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.79.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value 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 trade 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.

Williams Companies Trading Up 0.7 %

NYSE:WMB opened at $58.54 on Friday. 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 firm has a 50-day simple moving average of $52.65 and a 200-day simple moving average of $46.30. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $60.36. The firm has a market cap of $71.36 billion, a P/E ratio of 24.70, a P/E/G ratio of 5.96 and a beta of 1.03.

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

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.25%. Williams Companies’s dividend payout ratio is presently 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.