The Williams Companies, Inc. (NYSE:WMB) Shares Sold by CFM Wealth Partners LLC

CFM Wealth Partners LLC cut its position in The Williams Companies, Inc. (NYSE:WMB) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 222,013 shares of the pipeline company’s stock after selling 1,643 shares during the period. Williams Companies makes up 2.0% of CFM Wealth Partners LLC’s holdings, making the stock its 11th largest position. CFM Wealth Partners LLC’s holdings in Williams Companies were worth $12,015,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. AlphaMark Advisors LLC acquired a new stake in Williams Companies during the fourth quarter worth about $27,000. Legacy Investment Solutions LLC acquired a new stake in Williams Companies during the third quarter worth about $30,000. Rosenberg Matthew Hamilton grew its holdings in Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 252 shares during the period. Quarry LP acquired a new stake in Williams Companies during the second quarter worth about $35,000. Finally, FSA Wealth Management LLC acquired a new stake in Williams Companies during the third quarter worth about $38,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $55.43 on Monday. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $61.46. The company has a market cap of $67.57 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 5.01 and a beta of 1.05. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The business’s 50 day moving average price is $56.12 and its 200 day moving average price is $50.80.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the business posted $0.45 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, research analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.50 per share. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.61%. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Analyst Ratings Changes

WMB has been the topic of several analyst reports. Truist Financial raised their target price on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. 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 on the stock. Barclays increased their price target on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Mizuho increased their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, UBS Group increased their price target on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $53.00.

Insider Buying and Selling

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction 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 owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.44% of the stock is currently owned by company insiders.

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.