Highlander Capital Management LLC Has $966,000 Stake in The Williams Companies, Inc. (NYSE:WMB)

Highlander Capital Management LLC lowered its position in The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 82.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,900 shares of the pipeline company’s stock after selling 132,000 shares during the period. Highlander Capital Management LLC’s holdings in Williams Companies were worth $966,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Williams Companies during the 4th quarter valued at $243,127,000. BlackRock Inc. lifted its position in shares of Williams Companies by 8.0% in the fourth quarter. BlackRock Inc. now owns 108,224,766 shares of the pipeline company’s stock worth $2,818,173,000 after buying an additional 8,047,294 shares during the last quarter. Toronto Dominion Bank grew its holdings in Williams Companies by 674.3% during the fourth quarter. Toronto Dominion Bank now owns 5,421,262 shares of the pipeline company’s stock valued at $141,169,000 after purchasing an additional 4,721,153 shares during the last quarter. First Trust Advisors LP raised its position in shares of Williams Companies by 259.1% in the fourth quarter. First Trust Advisors LP now owns 3,161,760 shares of the pipeline company’s stock valued at $82,332,000 after purchasing an additional 2,281,329 shares during the period. Finally, Cooke & Bieler LP lifted its stake in shares of Williams Companies by 32.1% in the fourth quarter. Cooke & Bieler LP now owns 4,980,691 shares of the pipeline company’s stock worth $129,698,000 after buying an additional 1,209,307 shares during the last quarter. Institutional investors own 86.10% of the company’s stock.

Williams Companies Stock Performance

NYSE:WMB opened at $32.22 on Friday. The firm has a market capitalization of $39.26 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 6.15 and a beta of 1.19. The company has a quick ratio of 0.69, a current ratio of 0.65 and a debt-to-equity ratio of 1.51. The Williams Companies, Inc. has a 12-month low of $23.53 and a 12-month high of $37.97. The firm has a 50-day moving average price of $32.79 and a 200 day moving average price of $32.81.

Williams Companies (NYSE:WMB – Get Rating) last issued its earnings results on Monday, August 1st. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.42 billion. Williams Companies had a return on equity of 13.43% and a net margin of 14.57%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. Research analysts anticipate that The Williams Companies, Inc. will post 1.48 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Friday, September 9th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend is Thursday, September 8th. Williams Companies’s payout ratio is 132.81%.

Insider Buying and Selling

In other Williams Companies news, SVP Debbie L. Cowan sold 36,228 shares of the business’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $37.75, for a total value of $1,367,607.00. Following the transaction, the senior vice president now directly owns 62,891 shares in the company, valued at $2,374,135.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.43% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WMB. Truist Financial assumed coverage on shares of Williams Companies in a report on Monday, May 2nd. They issued a “buy” rating and a $37.00 target price on the stock. US Capital Advisors restated a “hold” rating on shares of Williams Companies in a research note on Wednesday, June 1st. TD Securities lifted their price target on Williams Companies from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley boosted their target price on shares of Williams Companies from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 26th. Finally, Raymond James raised their price target on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “strong-buy” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.92.

Williams Companies Profile

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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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.