Del Sette Capital Management LLC Sells 475 Shares of The Williams Companies, Inc. (NYSE:WMB)

Del Sette Capital Management LLC decreased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,783 shares of the pipeline company’s stock after selling 475 shares during the quarter. Williams Companies comprises approximately 1.8% of Del Sette Capital Management LLC’s investment portfolio, making the stock its 18th biggest holding. Del Sette Capital Management LLC’s holdings in Williams Companies were worth $2,364,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC grew its stake in Williams Companies by 18.7% in the third quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company’s stock valued at $72,000 after acquiring an additional 249 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in shares of Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in shares of Williams Companies by 2.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock valued at $395,000 after purchasing an additional 257 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in Williams Companies by 0.8% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,206 shares of the pipeline company’s stock worth $1,326,000 after purchasing an additional 260 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in Williams Companies by 3.5% during the 3rd quarter. Whittier Trust Co. now owns 8,061 shares of the pipeline company’s stock worth $368,000 after purchasing an additional 275 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s 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 sale, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.44% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on WMB shares. Truist Financial lifted their price target on shares of Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Scotiabank boosted their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Citigroup increased their target price on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, Bank of America initiated coverage on Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and a consensus target price of $50.38.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $56.31 on Friday. The stock has a market capitalization of $68.64 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 6.37 and a beta of 1.03. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $56.80. The stock has a 50 day moving average price of $48.81 and a 200 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.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate 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%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 EPS. Analysts predict that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.37%. 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.