Eads & Heald Wealth Management Has $297,000 Position in The Williams Companies, Inc. (NYSE:WMB)

Eads & Heald Wealth Management lessened its stake in The Williams Companies, Inc. (NYSE:WMB) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,489 shares of the pipeline company’s stock after selling 280 shares during the period. Eads & Heald Wealth Management’s holdings in Williams Companies were worth $297,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WMB. Legacy Investment Solutions LLC acquired a new position in shares of Williams Companies during the third quarter valued at $30,000. Rosenberg Matthew Hamilton raised its holdings in Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 252 shares during the last quarter. Quarry LP acquired a new position in Williams Companies during the 2nd quarter valued at about $35,000. FSA Wealth Management LLC bought a new position in shares of Williams Companies in the 3rd quarter valued at about $38,000. Finally, Fortitude Family Office LLC boosted its stake in shares of Williams Companies by 120.8% in the 3rd quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock valued at $45,000 after purchasing an additional 545 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Insider Transactions at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the transaction, the chief accounting officer now owns 25,858 shares in the company, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their position. 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

WMB stock opened at $60.62 on Wednesday. The stock has a 50-day moving average price of $56.18 and a two-hundred day moving average price of $49.92. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $60.91. The stock has a market cap of $73.90 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 5.30 and a beta of 1.06. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67.

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

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were issued a $0.475 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.13%. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Bank of America began coverage on shares of Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective on the stock. CIBC increased their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Scotiabank reaffirmed a “sector perform” rating and set a $51.00 price objective on shares of Williams Companies in a research note on Friday, January 10th. Truist Financial upped their price target on Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Finally, Barclays increased their target price on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.