Corient Private Wealth LLC Lowers Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Corient Private Wealth LLC reduced its position in The Williams Companies, Inc. (NYSE:WMB) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 562,360 shares of the pipeline company’s stock after selling 26,750 shares during the quarter. Corient Private Wealth LLC’s holdings in Williams Companies were worth $30,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC lifted its stake in shares of Williams Companies by 11.5% in the 4th quarter. Natixis Advisors LLC now owns 941,804 shares of the pipeline company’s stock valued at $50,970,000 after purchasing an additional 97,340 shares in the last quarter. Frank Rimerman Advisors LLC raised its holdings in Williams Companies by 1.8% in the fourth quarter. Frank Rimerman Advisors LLC now owns 22,438 shares of the pipeline company’s stock valued at $1,214,000 after buying an additional 395 shares during the period. Campbell Capital Management Inc. acquired a new position in Williams Companies during the fourth quarter valued at approximately $38,000. Hills Bank & Trust Co purchased a new stake in Williams Companies during the fourth quarter worth approximately $137,000. Finally, Alpine Woods Capital Investors LLC increased its position in shares of Williams Companies by 9.6% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 61,444 shares of the pipeline company’s stock worth $3,325,000 after acquiring an additional 5,373 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WMB. Truist Financial lifted their target price on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Citigroup upped their target price on Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group raised their target price on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Scotiabank upped their price target on Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a report on Thursday, March 6th. Finally, Royal Bank of Canada lifted their price objective on shares of Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. 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 stock. According to data from MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and an average price target of $55.07.

Williams Companies Stock Performance

Shares of WMB stock opened at $58.42 on Tuesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The stock has a market capitalization of $71.23 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 5.01 and a beta of 1.03. The Williams Companies, Inc. has a one year low of $36.84 and a one year high of $61.46. The company’s 50-day simple moving average is $56.83 and its 200-day simple moving average is $53.66.

Williams Companies (NYSE:WMB) last issued its earnings results 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 return on equity of 15.85% and a net margin of 21.17%. Equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.50 dividend. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Friday, March 14th. Williams Companies’s payout ratio is presently 109.29%.

Insider Buying and Selling

In other news, SVP Larry C. Larsen sold 8,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total value of $455,520.00. Following the sale, the senior vice president now owns 81,265 shares of the company’s stock, valued at approximately $4,627,229.10. The trade was a 8.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mary A. Hausman sold 8,896 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $57.50, for a total transaction of $511,520.00. Following the completion of the sale, the chief accounting officer now directly owns 22,339 shares of the company’s stock, valued at $1,284,492.50. This trade represents a 28.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,583 shares of company stock worth $7,563,278 in the last three months. 0.44% of the stock is owned by insiders.

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.