The Williams Companies, Inc. (NYSE:WMB) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC trimmed its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,999 shares of the pipeline company’s stock after selling 1,907 shares during the period. NewEdge Wealth LLC’s holdings in Williams Companies were worth $2,055,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of WMB. Rheos Capital Works Inc. increased its holdings in shares of Williams Companies by 59.0% in the 4th quarter. Rheos Capital Works Inc. now owns 660,000 shares of the pipeline company’s stock worth $22,988,000 after acquiring an additional 245,000 shares during the period. Autumn Glory Partners LLC increased its stake in Williams Companies by 28.1% during the 3rd quarter. Autumn Glory Partners LLC now owns 107,609 shares of the pipeline company’s stock valued at $3,625,000 after buying an additional 23,579 shares during the period. Wellington Management Group LLP raised its position in shares of Williams Companies by 35.1% during the 3rd quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock worth $321,867,000 after buying an additional 2,482,331 shares in the last quarter. Bahl & Gaynor Inc. raised its position in shares of Williams Companies by 45.3% during the 3rd quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company’s stock worth $220,506,000 after buying an additional 2,040,993 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Williams Companies during the 3rd quarter worth about $9,086,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WMB. UBS Group lifted their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday. Truist Financial lifted their price objective on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Finally, Barclays lifted their price objective on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $39.00.

Williams Companies Price Performance

NYSE WMB opened at $38.08 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $46.40 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 6.05 and a beta of 1.04. The company has a 50 day moving average price of $36.58 and a two-hundred day moving average price of $35.57. The Williams Companies, Inc. has a 12-month low of $28.27 and a 12-month high of $39.76.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. During the same period in the previous year, the firm earned $0.53 earnings per share. As a group, equities analysts predict that The Williams Companies, Inc. will post 1.8 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.99%. Williams Companies’s payout ratio is currently 72.52%.

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.