The Williams Companies, Inc. (NYSE:WMB) Stock Holdings Lessened by Summit Trail Advisors LLC

Summit Trail Advisors LLC decreased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 19.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,000 shares of the pipeline company’s stock after selling 2,138 shares during the period. Summit Trail Advisors LLC’s holdings in Williams Companies were worth $313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WMB. Turtle Creek Wealth Advisors LLC bought a new position in Williams Companies during the 4th quarter worth $26,000. Carmel Capital Partners LLC acquired a new stake in shares of Williams Companies in the third quarter valued at approximately $31,000. CGC Financial Services LLC acquired a new position in shares of Williams Companies during the fourth quarter worth approximately $35,000. OFI Invest Asset Management bought a new position in Williams Companies in the 3rd quarter worth approximately $41,000. Finally, CVA Family Office LLC acquired a new stake in Williams Companies in the 4th quarter valued at approximately $52,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Williams Companies Trading Up 0.1 %

Shares of NYSE WMB opened at $39.11 on Wednesday. The business has a fifty day simple moving average of $38.01 and a 200-day simple moving average of $36.06. The company has a market cap of $47.65 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 6.13 and a beta of 1.05. The Williams Companies, Inc. has a 12 month low of $28.27 and a 12 month high of $39.99. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.57.

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

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Friday, June 7th. Williams Companies’s dividend payout ratio (DPR) is currently 79.83%.

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.