Graypoint LLC Increases Position in The Williams Companies, Inc. (NYSE:WMB)

Graypoint LLC grew its stake in The Williams Companies, Inc. (NYSE:WMB) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,781 shares of the pipeline company’s stock after acquiring an additional 284 shares during the quarter. Graypoint LLC’s holdings in Williams Companies were worth $800,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in WMB. Wellington Management Group LLP grew its stake in Williams Companies by 19.0% during the 3rd quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock worth $1,631,288,000 after buying an additional 5,697,605 shares during the last quarter. National Bank of Canada FI grew its stake in Williams Companies by 224.1% during the 3rd quarter. National Bank of Canada FI now owns 1,334,307 shares of the pipeline company’s stock worth $60,909,000 after buying an additional 922,550 shares during the last quarter. Castle Hook Partners LP grew its stake in Williams Companies by 31.7% during the 3rd quarter. Castle Hook Partners LP now owns 2,989,278 shares of the pipeline company’s stock worth $136,461,000 after buying an additional 718,915 shares during the last quarter. Geode Capital Management LLC grew its stake in Williams Companies by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock worth $1,398,004,000 after buying an additional 520,663 shares during the last quarter. Finally, Chickasaw Capital Management LLC grew its stake in Williams Companies by 26.8% during the 3rd quarter. Chickasaw Capital Management LLC now owns 2,097,941 shares of the pipeline company’s stock worth $95,771,000 after buying an additional 443,423 shares during the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the sale, the chief accounting officer now directly owns 25,858 shares in the company, valued at approximately $1,455,805.40. The trade was a 23.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.44% of the stock is owned by company insiders.

Williams Companies Price Performance

Shares of Williams Companies stock opened at $55.61 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $60.36. The business has a 50-day moving average price of $55.77 and a 200 day moving average price of $49.17. The firm has a market cap of $67.79 billion, a PE ratio of 23.46, a P/E/G ratio of 5.60 and a beta of 1.06.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the business earned $0.45 EPS. Williams Companies’s revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts predict that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.42%. Williams Companies’s dividend payout ratio (DPR) is currently 80.17%.

Analyst Ratings Changes

A number of brokerages have commented on WMB. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. Truist Financial lifted their price target on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. CIBC lifted their price target on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Scotiabank reaffirmed a “sector perform” rating and set a $51.00 price target on shares of Williams Companies in a research report on Friday. Finally, Bank of America assumed coverage on Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 price target for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $53.00.

About Williams Companies

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.