Weybosset Research & Management LLC Sells 633 Shares of The Williams Companies, Inc. (NYSE:WMB)

Weybosset Research & Management LLC decreased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.3% during the 4th quarter, Holdings Channel reports. The firm owned 206,586 shares of the pipeline company’s stock after selling 633 shares during the quarter. Williams Companies comprises 3.8% of Weybosset Research & Management LLC’s holdings, making the stock its 11th largest position. Weybosset Research & Management LLC’s holdings in Williams Companies were worth $11,180,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in shares of Williams Companies by 19.0% during the 3rd quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock worth $1,631,288,000 after buying an additional 5,697,605 shares during the period. Geode Capital Management LLC boosted its position in shares of Williams Companies by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock worth $1,398,004,000 after purchasing an additional 520,663 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Williams Companies by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock valued at $410,064,000 after buying an additional 311,530 shares during the period. Charles Schwab Investment Management Inc. increased its position in Williams Companies by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,239,210 shares of the pipeline company’s stock valued at $330,470,000 after buying an additional 67,016 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Williams Companies by 20.1% during the 2nd quarter. American Century Companies Inc. now owns 6,117,298 shares of the pipeline company’s stock worth $259,985,000 after buying an additional 1,024,158 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB stock traded down $0.38 during trading hours on Friday, hitting $56.01. 1,439,474 shares of the company were exchanged, compared to its average volume of 5,162,282. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $60.36. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The firm has a fifty day simple moving average of $55.69 and a 200 day simple moving average of $49.08. The stock has a market capitalization of $68.28 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 5.60 and a beta of 1.06.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company posted $0.45 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. Research analysts predict that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is currently 80.17%.

Insider Activity at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the sale, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.44% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WMB. Royal Bank of Canada increased their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group boosted their target price on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. CIBC lifted their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Scotiabank reissued a “sector perform” rating and issued a $51.00 price objective on shares of Williams Companies in a research note on Friday. Finally, Truist Financial lifted their target price on Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $52.29.

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.