The Williams Companies, Inc. (NYSE:WMB) Shares Bought by Glenmede Trust Co. NA

Glenmede Trust Co. NA grew its position in The Williams Companies, Inc. (NYSE:WMB) by 0.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 175,294 shares of the pipeline company’s stock after purchasing 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.

Several other institutional investors have also recently modified their holdings of WMB. Cadence Bank increased its holdings in Williams Companies by 14.1% in the 3rd quarter. Cadence Bank now owns 8,905 shares of the pipeline company’s stock worth $407,000 after buying an additional 1,101 shares during the period. Avestar Capital LLC boosted its holdings in shares of Williams Companies by 6.2% in the 3rd quarter. Avestar Capital LLC now owns 5,210 shares of the pipeline company’s stock valued at $238,000 after acquiring an additional 306 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of Williams Companies by 2.6% during the third quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock worth $357,000 after purchasing an additional 197 shares during the last quarter. Partners Group Holding AG lifted its position in Williams Companies by 44.7% during the third quarter. Partners Group Holding AG now owns 785,177 shares of the pipeline company’s stock valued at $35,843,000 after purchasing an additional 242,670 shares during the period. Finally, FMR LLC boosted its holdings in Williams Companies by 10.1% in the third quarter. FMR LLC now owns 2,650,492 shares of the pipeline company’s stock valued at $120,995,000 after purchasing an additional 243,302 shares during the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday. StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. CIBC lifted their target price on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Scotiabank increased their price target on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Finally, Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $52.00 to $58.00 in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $51.79.

Williams Companies Stock Performance

Shares of NYSE:WMB opened at $58.54 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $60.36. The firm has a market capitalization of $71.36 billion, a PE ratio of 24.70, a P/E/G ratio of 5.96 and a beta of 1.03. The business’s 50 day moving average price is $52.65 and its 200-day moving average price is $46.30.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping 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 net margin of 27.36% and a return on equity of 15.89%. The company’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 earned $0.45 earnings per share. As a group, equities research analysts expect that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm 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 3.25%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

Insider Transactions at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This represents a 23.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the sale, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. The trade was a 0.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

About Williams Companies

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.