SVB Wealth LLC Lowers Position in The Williams Companies, Inc. (NYSE:WMB)

SVB Wealth LLC cut its stake in The Williams Companies, Inc. (NYSE:WMB) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,735 shares of the pipeline company’s stock after selling 1,082 shares during the quarter. SVB Wealth LLC’s holdings in Williams Companies were worth $862,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WMB. Fairfield Bush & CO. purchased a new stake in shares of Williams Companies in the first quarter worth approximately $54,000. Acadian Asset Management LLC increased its position in shares of Williams Companies by 32.3% during the first quarter. Acadian Asset Management LLC now owns 10,414 shares of the pipeline company’s stock valued at $347,000 after acquiring an additional 2,540 shares during the last quarter. Cibc World Market Inc. increased its position in shares of Williams Companies by 1,001.1% during the first quarter. Cibc World Market Inc. now owns 101,026 shares of the pipeline company’s stock valued at $3,375,000 after acquiring an additional 91,851 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Williams Companies by 42.9% during the first quarter. Cetera Investment Advisers now owns 98,677 shares of the pipeline company’s stock valued at $3,297,000 after acquiring an additional 29,625 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Williams Companies during the first quarter valued at approximately $319,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Price Performance

Williams Companies stock opened at $38.53 on Friday. The Williams Companies, Inc. has a one year low of $28.27 and a one year high of $39.76. The business has a fifty day moving average price of $36.95 and a 200-day moving average price of $35.68. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73. The firm has a market capitalization of $46.95 billion, a P/E ratio of 14.71, a PEG ratio of 5.88 and a beta of 1.05.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $0.53 earnings per share. As a group, equities research analysts forecast that The Williams Companies, Inc. will post 1.83 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.93%. Williams Companies’s payout ratio is currently 72.52%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays increased their price target on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. UBS Group increased their price target on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Wolfe Research reaffirmed an “underperform” rating and set a $34.00 price target on shares of Williams Companies in a research report on Thursday. Finally, Truist Financial increased their price objective on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and a consensus target price of $38.90.

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.