The Williams Companies, Inc. (NYSE:WMB) Position Lessened by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. trimmed its holdings in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,558,619 shares of the pipeline company's stock after selling 51,055 shares during the period. Williams Companies accounts for approximately 2.0% of Reaves W H & Co. Inc.'s holdings, making the stock its 28th largest position. Reaves W H & Co. Inc. owned about 0.13% of Williams Companies worth $54,287,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new stake in Williams Companies in the 4th quarter valued at $26,000. Carmel Capital Partners LLC bought a new stake in Williams Companies in the third quarter valued at $31,000. CGC Financial Services LLC acquired a new stake in shares of Williams Companies during the 4th quarter worth about $35,000. OFI Invest Asset Management bought a new stake in Williams Companies during the third quarter worth about $41,000. Finally, CVA Family Office LLC acquired a new position in shares of Williams Companies in the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 86.44% of the company's stock.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of the company's stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $39.61, for a total value of $1,513,102.00. Following the completion of the sale, the senior vice president now directly owns 60,410 shares of the company's stock, valued at approximately $2,392,840.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is currently owned by insiders.

Williams Companies Price Performance

Shares of Williams Companies stock traded up $0.06 during midday trading on Friday, hitting $39.64. 4,643,922 shares of the company traded hands, compared to its average volume of 6,937,401. The firm's fifty day moving average price is $38.17 and its 200-day moving average price is $36.11. The stock has a market cap of $48.30 billion, a price-to-earnings ratio of 16.62, a PEG 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 debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.10. Williams Companies had a return on equity of 16.40% and a net margin of 27.29%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the previous year, the company posted $0.56 EPS. Williams Companies's quarterly revenue was down 10.1% compared to the same quarter last year. As a group, sell-side analysts forecast that The Williams Companies, Inc. will post 1.82 earnings per share for the current year.

Williams Companies Announces Dividend

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. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.90 annualized dividend and a yield of 4.79%. Williams Companies's dividend payout ratio (DPR) is currently 79.83%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WMB. Truist Financial raised their target price on Williams Companies from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Monday, March 25th. UBS Group lifted their target price on Williams Companies from $43.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, April 12th. Stifel Nicolaus raised their price objective on shares of Williams Companies from $40.00 to $43.00 and gave the stock a "buy" rating in a report on Wednesday. Wolfe Research reaffirmed an "underperform" rating and issued a $34.00 target price on shares of Williams Companies in a research note on Thursday, April 18th. Finally, US Capital Advisors downgraded Williams Companies from an "overweight" rating to a "hold" rating in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $39.42.

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.

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