The Williams Companies, Inc. (NYSE:WMB) Stock Holdings Lowered by DAVENPORT & Co LLC

DAVENPORT & Co LLC lowered its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 20.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 99,645 shares of the pipeline company’s stock after selling 25,130 shares during the period. DAVENPORT & Co LLC’s holdings in Williams Companies were worth $5,393,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP grew its position in Williams Companies by 19.0% in the 3rd quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock valued at $1,631,288,000 after buying an additional 5,697,605 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Williams Companies by 3,490.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,600,239 shares of the pipeline company’s stock valued at $86,605,000 after buying an additional 1,555,667 shares in the last quarter. National Bank of Canada FI grew its position in Williams Companies by 224.1% in the 3rd quarter. National Bank of Canada FI now owns 1,334,307 shares of the pipeline company’s stock valued at $60,909,000 after buying an additional 922,550 shares in the last quarter. Castle Hook Partners LP grew its position in Williams Companies by 31.7% in the 3rd quarter. Castle Hook Partners LP now owns 2,989,278 shares of the pipeline company’s stock valued at $136,461,000 after buying an additional 718,915 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Williams Companies by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock valued at $1,398,004,000 after buying an additional 520,663 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Up 1.4 %

WMB opened at $56.23 on Tuesday. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $61.46. 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 stock has a market capitalization of $68.54 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 5.01 and a beta of 1.06. The business has a 50 day moving average of $56.12 and a 200-day moving average of $50.86.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Williams Companies’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $0.45 earnings per share. As a group, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, March 14th. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.56%. Williams Companies’s dividend payout ratio (DPR) is presently 84.39%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WMB. Scotiabank reissued a “sector perform” rating and issued a $51.00 price target on shares of Williams Companies in a report on Friday, January 10th. Barclays upped their price target on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Royal Bank of Canada upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Truist Financial upped their price target on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Finally, Mizuho upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $53.00.

Insider Buying and Selling at Williams Companies

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

Williams Companies Company 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.