Allspring Global Investments Holdings LLC Sells 13,441 Shares of The Williams Companies, Inc. (NYSE:WMB)

Allspring Global Investments Holdings LLC lowered its holdings in The Williams Companies, Inc. (NYSE:WMB) by 8.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 153,299 shares of the pipeline company’s stock after selling 13,441 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Williams Companies were worth $5,339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of WMB. Patten Group Inc. grew its position in Williams Companies by 1.3% in the 4th quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company’s stock worth $832,000 after purchasing an additional 296 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in shares of Williams Companies by 2.9% in the third quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company’s stock valued at $353,000 after buying an additional 298 shares during the period. Horan Securities Inc. grew its position in Williams Companies by 2.6% during the third quarter. Horan Securities Inc. now owns 11,753 shares of the pipeline company’s stock worth $396,000 after buying an additional 300 shares in the last quarter. Valley National Advisers Inc. increased its stake in Williams Companies by 20.8% during the third quarter. Valley National Advisers Inc. now owns 1,803 shares of the pipeline company’s stock valued at $61,000 after acquiring an additional 310 shares during the period. Finally, Salem Investment Counselors Inc. increased its stake in Williams Companies by 52.5% during the second quarter. Salem Investment Counselors Inc. now owns 915 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 315 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WMB. Truist Financial raised their price objective on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Barclays lifted their price target 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, April 11th. Wolfe Research reissued an “underperform” rating and issued a $34.00 price target on shares of Williams Companies in a report on Thursday. Finally, UBS Group raised their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $38.90.

Williams Companies Stock Down 0.3 %

Shares of NYSE WMB opened at $37.58 on Friday. The business has a fifty day moving average of $36.86 and a two-hundred day moving average of $35.65. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77. The Williams Companies, Inc. has a 52-week low of $28.27 and a 52-week high of $39.76. The stock has a market cap of $45.79 billion, a PE ratio of 14.34, a PEG ratio of 5.89 and a beta of 1.05.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same period in the prior year, the company posted $0.53 EPS. As a group, equities research analysts expect that The Williams Companies, Inc. will post 1.83 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 5.06%. Williams Companies’s payout ratio is presently 72.52%.

Williams Companies 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.