Segment Wealth Management LLC Buys New Stake in Williams Companies Inc (WMB)

Segment Wealth Management LLC bought a new stake in Williams Companies Inc (NYSE:WMB) in the third quarter, Holdings Channel reports. The institutional investor bought 15,122 shares of the pipeline company’s stock, valued at approximately $411,000.

Other institutional investors have also recently modified their holdings of the company. Bray Capital Advisors increased its position in Williams Companies by 100.0% in the 2nd quarter. Bray Capital Advisors now owns 4,000 shares of the pipeline company’s stock valued at $108,000 after buying an additional 2,000 shares in the last quarter. Arrow Financial Corp bought a new stake in Williams Companies in the 2nd quarter valued at about $113,000. Camarda Financial Advisors LLC increased its position in Williams Companies by 516.7% in the 3rd quarter. Camarda Financial Advisors LLC now owns 4,163 shares of the pipeline company’s stock valued at $113,000 after buying an additional 3,488 shares in the last quarter. Squar Milner Financial Services LLC increased its position in Williams Companies by 152.6% in the 3rd quarter. Squar Milner Financial Services LLC now owns 4,206 shares of the pipeline company’s stock valued at $114,000 after buying an additional 2,541 shares in the last quarter. Finally, Centaurus Financial Inc. bought a new stake in Williams Companies in the 2nd quarter valued at about $127,000. 89.15% of the stock is owned by institutional investors and hedge funds.

In other Williams Companies news, SVP Terrance Lane Wilson bought 1,000 shares of the business’s stock in a transaction dated Friday, November 2nd. The shares were purchased at an average price of $25.75 per share, for a total transaction of $25,750.00. Following the purchase, the senior vice president now directly owns 17,844 shares of the company’s stock, valued at $459,483. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John D. Chandler bought 10,000 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was acquired at an average price of $25.94 per share, for a total transaction of $259,400.00. Following the purchase, the insider now directly owns 26,582 shares in the company, valued at $689,537.08. The disclosure for this purchase can be found here. Insiders have acquired a total of 38,500 shares of company stock valued at $993,625 over the last three months. Corporate insiders own 0.50% of the company’s stock.

A number of analysts recently commented on WMB shares. Bank of America reaffirmed a “buy” rating on shares of Williams Companies in a research report on Tuesday, August 21st. UBS Group boosted their target price on Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Zacks Investment Research raised Williams Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Credit Suisse Group started coverage on Williams Companies in a research report on Thursday, October 11th. They issued an “outperform” rating and a $35.00 target price for the company. Finally, Goldman Sachs Group started coverage on Williams Companies in a research report on Monday, October 8th. They issued a “neutral” rating and a $26.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.07.

Shares of WMB opened at $24.32 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market cap of $30.06 billion, a price-to-earnings ratio of 38.60, a P/E/G ratio of 4.96 and a beta of 1.57. Williams Companies Inc has a 52 week low of $23.54 and a 52 week high of $33.67.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, October 31st. The pipeline company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.16 billion. Williams Companies had a return on equity of 4.44% and a net margin of 24.15%. During the same period in the previous year, the company posted $0.04 EPS. Analysts expect that Williams Companies Inc will post 0.77 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date is Thursday, December 13th. Williams Companies’s dividend payout ratio is currently 215.87%.

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About Williams Companies

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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