The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lowered its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 5.9% in the fourth quarter, HoldingsChannel reports. The firm owned 13,837 shares of the pipeline company’s stock after selling 873 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Williams Companies were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WMB. Patten Group Inc. boosted its position in Williams Companies by 1.3% during the 4th quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company’s stock worth $832,000 after acquiring an additional 296 shares during the period. Insigneo Advisory Services LLC boosted its position in Williams Companies by 2.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company’s stock worth $353,000 after acquiring an additional 298 shares during the period. Buckley Wealth Management LLC boosted its position in Williams Companies by 1.0% during the 3rd quarter. Buckley Wealth Management LLC now owns 30,865 shares of the pipeline company’s stock worth $1,040,000 after acquiring an additional 300 shares during the period. Horan Securities Inc. boosted its position in Williams Companies by 2.6% during the 3rd quarter. Horan Securities Inc. now owns 11,753 shares of the pipeline company’s stock worth $396,000 after acquiring an additional 300 shares during the period. Finally, Graypoint LLC boosted its position in Williams Companies by 2.6% during the 4th quarter. Graypoint LLC now owns 12,263 shares of the pipeline company’s stock worth $427,000 after acquiring an additional 307 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on WMB. Truist Financial boosted their price target 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 boosted their price objective on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Finally, UBS Group boosted their price objective on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Six 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 has a consensus rating of “Hold” and an average target price of $39.00.

Williams Companies Stock Down 0.5 %

Shares of Williams Companies stock opened at $37.65 on Wednesday. The stock’s fifty day moving average is $36.72 and its 200-day moving average is $35.62. The firm has a market capitalization of $45.87 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 5.88 and a beta of 1.05. 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 Williams Companies, Inc. has a 12-month low of $28.27 and a 12-month high of $39.76.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (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 quarter last year, the firm earned $0.53 EPS. Equities analysts anticipate that The Williams Companies, Inc. will post 1.84 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 5.05%. Williams Companies’s dividend payout ratio (DPR) 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.