M&T Bank Corp Lowers Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

M&T Bank Corp trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,016 shares of the pipeline company’s stock after selling 2,234 shares during the period. M&T Bank Corp’s holdings in Williams Companies were worth $2,787,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WMB. Turtle Creek Wealth Advisors LLC acquired a new position in Williams Companies in the fourth quarter valued at approximately $26,000. Carmel Capital Partners LLC acquired a new position in Williams Companies in the third quarter valued at approximately $31,000. CGC Financial Services LLC acquired a new position in Williams Companies in the fourth quarter valued at approximately $35,000. OFI Invest Asset Management acquired a new position in Williams Companies in the third quarter valued at approximately $41,000. Finally, CVA Family Office LLC acquired a new position in Williams Companies in the fourth quarter valued at approximately $52,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WMB has been the subject of a number of research analyst reports. Barclays upped their price target on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. US Capital Advisors downgraded Williams Companies from an “overweight” rating to a “hold” rating in a report on Monday, April 29th. Wolfe Research reissued an “underperform” rating and issued a $34.00 price objective on shares of Williams Companies in a report on Thursday, April 18th. UBS Group increased their price objective on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Truist Financial increased their price objective on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Williams Companies has an average rating of “Hold” and a consensus price target of $39.22.

Williams Companies Price Performance

Williams Companies stock opened at $39.11 on Wednesday. The Williams Companies, Inc. has a 12 month low of $28.27 and a 12 month high of $39.99. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73. The business has a 50 day simple moving average of $38.01 and a 200-day simple moving average of $36.06. The stock has a market capitalization of $47.65 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 6.13 and a beta of 1.05.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.10. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Williams Companies had a return on equity of 16.40% and a net margin of 27.29%. Williams Companies’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 earnings per share. Equities analysts predict that The Williams Companies, Inc. will post 1.82 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.86%. The ex-dividend date is Friday, June 7th. Williams Companies’s payout ratio is 79.83%.

Williams Companies Company 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.