Amalgamated Bank Sells 4,796 Shares of The Williams Companies, Inc. (NYSE:WMB)

Amalgamated Bank cut its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 236,869 shares of the pipeline company’s stock after selling 4,796 shares during the period. Amalgamated Bank’s holdings in Williams Companies were worth $12,819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its position in shares of Williams Companies by 19.0% during the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock worth $1,631,288,000 after purchasing an additional 5,697,605 shares during the period. Assenagon Asset Management S.A. raised its holdings in Williams Companies by 3,490.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,600,239 shares of the pipeline company’s stock worth $86,605,000 after buying an additional 1,555,667 shares during the period. National Bank of Canada FI lifted its stake in Williams Companies by 224.1% in the third 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 lifted its stake in Williams Companies by 31.7% in the third 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 boosted its holdings in shares of Williams Companies by 1.7% in the third 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 during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Down 2.1 %

WMB opened at $56.13 on Wednesday. The stock has a fifty day moving average of $56.26 and a 200-day moving average of $52.50. The Williams Companies, Inc. has a fifty-two week low of $34.54 and a fifty-two week high of $61.46. The company has a market capitalization of $68.42 billion, a P/E ratio of 30.67, a P/E/G ratio of 5.01 and a beta of 1.05. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, equities analysts expect that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.50 per share. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.00 annualized dividend and a yield of 3.56%. Williams Companies’s dividend payout ratio is currently 109.29%.

Analysts Set New Price Targets

Several equities research analysts recently commented on WMB shares. The Goldman Sachs Group boosted their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. UBS Group boosted their price target on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 15th. Scotiabank reissued a “sector perform” rating and issued a $51.00 target price on shares of Williams Companies in a research report on Friday, January 10th. Truist Financial upped their price target on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Finally, Mizuho lifted their price objective 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 investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $54.21.

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.