O Brien Greene & Co. Inc Decreases Stock Position in The Williams Companies, Inc. (NYSE:WMB)

O Brien Greene & Co. Inc reduced its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 162,932 shares of the pipeline company’s stock after selling 8,377 shares during the quarter. Williams Companies accounts for approximately 2.9% of O Brien Greene & Co. Inc’s portfolio, making the stock its 8th largest position. O Brien Greene & Co. Inc’s holdings in Williams Companies were worth $8,818,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Board of the Pension Protection Fund bought a new position in shares of Williams Companies during the 4th quarter valued at $720,000. Foundations Investment Advisors LLC grew its stake in shares of Williams Companies by 13.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock valued at $8,811,000 after buying an additional 19,782 shares during the last quarter. Golden State Equity Partners grew its stake in shares of Williams Companies by 319.9% during the fourth quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock valued at $651,000 after buying an additional 9,171 shares during the last quarter. Cornerstone Wealth Group LLC lifted its stake in shares of Williams Companies by 81.4% in the 4th quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock valued at $10,062,000 after acquiring an additional 83,429 shares during the last quarter. Finally, Myriad Asset Management US LP purchased a new stake in Williams Companies during the 4th quarter valued at about $995,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $58.25 on Thursday. The business has a fifty day simple moving average of $56.02 and a two-hundred day simple moving average of $52.03. The firm has a market capitalization of $71.01 billion, a P/E ratio of 31.83, a P/E/G ratio of 5.10 and a beta of 1.04. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 12 month low of $33.85 and a 12 month high of $61.46.

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 the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. On average, equities analysts forecast that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 3.43%. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is presently 103.83%.

Wall Street Analyst Weigh In

WMB has been the subject of several recent research reports. UBS Group boosted their price objective on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 15th. The Goldman Sachs Group upped their price target on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. 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. Truist Financial upped their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Finally, Barclays raised their target price on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Williams Companies currently has an average rating of “Hold” and an average price target of $53.29.

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.