The Williams Companies, Inc. (NYSE:WMB) Shares Sold by 44 Wealth Management LLC

44 Wealth Management LLC reduced its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,137 shares of the pipeline company’s stock after selling 732 shares during the period. 44 Wealth Management LLC’s holdings in Williams Companies were worth $711,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Quent Capital LLC acquired a new position in shares of Williams Companies during the 4th quarter worth approximately $25,000. Bank of Jackson Hole Trust acquired a new position in Williams Companies in the 4th quarter valued at $25,000. AlphaMark Advisors LLC acquired a new position in Williams Companies in the 4th quarter valued at $27,000. Compass Planning Associates Inc acquired a new position in Williams Companies in the 4th quarter valued at $30,000. Finally, Financial Life Planners acquired a new position in Williams Companies in the 4th quarter valued at $30,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Down 1.7 %

Shares of Williams Companies stock opened at $57.44 on Friday. The company has a fifty day moving average price of $56.15 and a 200 day moving average price of $52.18. 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 twelve month low of $34.26 and a twelve month high of $61.46. The stock has a market cap of $70.01 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 5.01 and a beta of 1.04.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Equities research analysts forecast that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.50 dividend. 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 yield of 3.48%. The ex-dividend date is Friday, March 14th. Williams Companies’s dividend payout ratio is presently 103.83%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Truist Financial boosted their price target on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Barclays boosted their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. UBS Group boosted their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Mizuho boosted their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Scotiabank reissued a “sector perform” rating and set a $51.00 price objective on shares of Williams Companies in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $53.29.

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.