The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd reduced its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 22.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,704 shares of the pipeline company’s stock after selling 790 shares during the period. Y.D. More Investments Ltd’s holdings in Williams Companies were worth $146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Baader Bank Aktiengesellschaft lifted its holdings in Williams Companies by 3.3% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company’s stock valued at $300,000 after acquiring an additional 180 shares during the last quarter. Albion Financial Group UT raised its position in Williams Companies by 18.4% in the fourth quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock valued at $64,000 after purchasing an additional 184 shares during the period. Brooklyn Investment Group lifted its stake in shares of Williams Companies by 2.6% in the 3rd quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock valued at $357,000 after purchasing an additional 197 shares during the last quarter. Laurel Wealth Advisors LLC grew its holdings in shares of Williams Companies by 10.1% during the 4th quarter. Laurel Wealth Advisors LLC now owns 2,178 shares of the pipeline company’s stock worth $118,000 after purchasing an additional 200 shares during the period. Finally, Dearborn Partners LLC increased its position in shares of Williams Companies by 1.1% during the 3rd quarter. Dearborn Partners LLC now owns 18,111 shares of the pipeline company’s stock worth $827,000 after purchasing an additional 201 shares during the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction on Friday, November 8th. The shares were 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 of the company’s stock, valued at $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB stock opened at $56.86 on Thursday. The company has a market cap of $69.32 billion, a P/E ratio of 23.99, a PEG ratio of 5.01 and a beta of 1.05. 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 moving average price of $56.03 and a 200 day moving average price of $51.03. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $61.46.

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

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s payout ratio is currently 80.17%.

Analyst Ratings Changes

A number of research analysts have commented on WMB shares. Bank of America started coverage on shares of Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 target price for the company. The Goldman Sachs Group increased their price objective 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. 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 raised their price target on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Finally, CIBC boosted their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Williams Companies currently has a consensus rating of “Hold” and a consensus target price of $53.00.

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.