Nisa Investment Advisors LLC Has $20.80 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Nisa Investment Advisors LLC lowered its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.7% during the fourth quarter, Holdings Channel reports. The fund owned 384,296 shares of the pipeline company’s stock after selling 2,900 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Williams Companies were worth $20,798,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Board of the Pension Protection Fund purchased a new stake in shares of Williams Companies in the fourth quarter valued at $720,000. Hennion & Walsh Asset Management Inc. lifted its stake in Williams Companies by 17.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 75,278 shares of the pipeline company’s stock worth $4,074,000 after acquiring an additional 10,950 shares in the last quarter. Brendel Financial Advisors LLC boosted its position in Williams Companies by 0.8% during the 3rd quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock worth $2,370,000 after acquiring an additional 419 shares during the period. World Investment Advisors LLC purchased a new position in Williams Companies during the 3rd quarter valued at about $545,000. Finally, Swiss National Bank increased its holdings in shares of Williams Companies by 0.3% in the 3rd quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company’s stock valued at $165,130,000 after purchasing an additional 9,800 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Activity at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the transaction, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Truist Financial raised their price target on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Mizuho boosted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $52.00 to $58.00 in a report on Friday, October 4th. UBS Group boosted their target price on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $51.00 price target on shares of Williams Companies in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.00.

Williams Companies Stock Down 2.3 %

Williams Companies stock opened at $59.22 on Thursday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $61.46. The firm has a fifty day moving average price of $56.26 and a two-hundred day moving average price of $50.05. The firm has a market cap of $72.19 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 5.44 and a beta of 1.06.

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

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is currently 80.17%.

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.