Quarry LP Sells 4,424 Shares of The Williams Companies, Inc. (NYSE:WMB)

Quarry LP cut its holdings in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 82.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 910 shares of the pipeline company's stock after selling 4,424 shares during the period. Quarry LP's holdings in Williams Companies were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quent Capital LLC bought a new position in shares of Williams Companies during the 4th quarter worth about $25,000. Bank of Jackson Hole Trust acquired a new position in Williams Companies during the 4th quarter worth approximately $25,000. AlphaMark Advisors LLC bought a new position in Williams Companies in the fourth quarter worth approximately $27,000. Sandy Spring Bank acquired a new stake in Williams Companies in the fourth quarter valued at approximately $27,000. Finally, Hoey Investments Inc. bought a new stake in shares of Williams Companies during the fourth quarter valued at approximately $28,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Performance

NYSE:WMB traded down $1.52 on Tuesday, reaching $58.65. 13,643,610 shares of the company's stock were exchanged, compared to its average volume of 6,653,460. The stock has a fifty day simple moving average of $57.84 and a 200-day simple moving average of $56.57. The Williams Companies, Inc. has a 52 week low of $38.63 and a 52 week high of $61.67. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The firm has a market cap of $71.52 billion, a price-to-earnings ratio of 32.05, a P/E/G ratio of 5.01 and a beta of 0.66.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Williams Companies's revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. As a group, sell-side analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.50 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.00 annualized dividend and a yield of 3.41%. Williams Companies's dividend payout ratio is currently 109.29%.

Wall Street Analyst Weigh In

WMB has been the topic of a number of recent research reports. Royal Bank of Canada increased their target price on Williams Companies from $62.00 to $63.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Citigroup lifted their price objective on shares of Williams Companies from $63.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Barclays boosted their target price on shares of Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Truist Financial lifted their price target on Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Finally, CIBC increased their price objective on Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 4th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Williams Companies presently has an average rating of "Moderate Buy" and an average price target of $57.77.

Insider Buying and Selling at Williams Companies

In related news, CAO Mary A. Hausman sold 8,896 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total transaction of $511,520.00. Following the completion of the transaction, the chief accounting officer now owns 22,339 shares of the company's stock, valued at approximately $1,284,492.50. The trade was a 28.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Chad A. Teply sold 26,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the sale, the senior vice president now directly owns 133,048 shares in the company, valued at $7,511,890.08. This trade represents a 16.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,583 shares of company stock valued at $7,563,278 in the last quarter. 0.44% of the stock is currently owned by corporate insiders.

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.