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

Waldron Private Wealth LLC decreased its holdings in The Williams Companies, Inc. (NYSE:WMB) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,466 shares of the pipeline company’s stock after selling 660 shares during the quarter. Waldron Private Wealth LLC’s holdings in Williams Companies were worth $294,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC boosted its stake in Williams Companies by 96,588.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 63,423,739 shares of the pipeline company’s stock worth $2,086,641,000 after purchasing an additional 63,358,143 shares during the period. Norges Bank acquired a new position in Williams Companies in the 4th quarter worth approximately $292,176,000. Royal Bank of Canada boosted its stake in Williams Companies by 85.8% in the 1st quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock worth $546,327,000 after purchasing an additional 7,551,749 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Williams Companies by 200.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,286,535 shares of the pipeline company’s stock worth $164,993,000 after purchasing an additional 3,525,097 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Williams Companies by 35.1% in the 3rd quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock worth $321,867,000 after purchasing an additional 2,482,331 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB opened at $37.84 on Tuesday. The company has a market capitalization of $46.11 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 6.05 and a beta of 1.04. The Williams Companies, Inc. has a one year low of $28.27 and a one year high of $39.76. 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 company’s fifty day moving average price is $36.65 and its 200 day moving average price is $35.59.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $0.53 EPS. As a group, analysts expect that The Williams Companies, Inc. will post 1.8 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed 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 5.02%. Williams Companies’s payout ratio is 72.52%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Barclays raised 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, April 11th. Truist Financial raised 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, UBS Group lifted their target price on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Friday. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.00.

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.