The Williams Companies, Inc. (NYSE:WMB) Shares Sold by National Bank of Canada FI

National Bank of Canada FI cut its stake in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 857,860 shares of the pipeline company's stock after selling 55,778 shares during the period. National Bank of Canada FI owned about 0.07% of Williams Companies worth $30,544,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Stratos Wealth Partners LTD. grew its stake in Williams Companies by 13.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 15,001 shares of the pipeline company's stock worth $505,000 after acquiring an additional 1,721 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Williams Companies by 19.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 482,213 shares of the pipeline company's stock valued at $16,246,000 after buying an additional 79,746 shares during the period. Brighton Jones LLC increased its stake in shares of Williams Companies by 33.9% during the 3rd quarter. Brighton Jones LLC now owns 9,973 shares of the pipeline company's stock valued at $336,000 after acquiring an additional 2,525 shares during the last quarter. Waldron Private Wealth LLC lifted its holdings in shares of Williams Companies by 5.0% during the 3rd quarter. Waldron Private Wealth LLC now owns 9,126 shares of the pipeline company's stock worth $307,000 after acquiring an additional 432 shares during the period. Finally, Chicago Partners Investment Group LLC grew its holdings in Williams Companies by 1.7% in the third quarter. Chicago Partners Investment Group LLC now owns 348,256 shares of the pipeline company's stock valued at $12,133,000 after purchasing an additional 5,722 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Up 0.1 %

Shares of WMB stock traded up $0.05 during trading hours on Tuesday, hitting $39.11. 8,693,698 shares of the company were exchanged, compared to its average volume of 6,974,889. The company has a market capitalization of $47.65 billion, a PE ratio of 14.93, a PEG ratio of 6.07 and a beta of 1.05. The Williams Companies, Inc. has a 52 week low of $28.27 and a 52 week high of $39.99. The business has a 50 day moving average of $38.01 and a two-hundred day moving average of $36.06. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.10. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.69 billion. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. The company's quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS. Analysts anticipate that The Williams Companies, Inc. will post 1.82 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Friday, June 7th. Williams Companies's dividend payout ratio (DPR) is presently 72.52%.

Analyst Upgrades and Downgrades

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

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.