The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV lowered its position in The Williams Companies, Inc. (NYSE:WMB) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,592 shares of the pipeline company’s stock after selling 398 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Williams Companies were worth $465,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Board of the Pension Protection Fund acquired a new stake in Williams Companies in the fourth quarter valued at $720,000. Foundations Investment Advisors LLC increased its holdings in Williams Companies by 13.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock valued at $8,811,000 after acquiring an additional 19,782 shares in the last quarter. Cornerstone Wealth Group LLC raised its position in Williams Companies by 81.4% during the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock worth $10,062,000 after acquiring an additional 83,429 shares during the last quarter. Golden State Equity Partners grew its position in shares of Williams Companies by 319.9% in the fourth quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock valued at $651,000 after purchasing an additional 9,171 shares during the last quarter. Finally, Myriad Asset Management US LP purchased a new stake in Williams Companies in the 4th quarter valued at approximately $995,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

Williams Companies stock opened at $58.46 on Friday. 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’s fifty day moving average price is $56.09 and its 200 day moving average price is $52.07. The company has a market capitalization of $71.27 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The Williams Companies, Inc. has a 12-month low of $34.13 and a 12-month high of $61.46.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, research analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Friday, March 14th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s payout ratio is 103.83%.

Wall Street Analyst Weigh In

Several research firms have issued reports on WMB. Barclays raised their price target on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. UBS Group lifted their target price on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Scotiabank reissued a “sector perform” rating and set a $51.00 price target on shares of Williams Companies in a research note on Friday, January 10th. Mizuho lifted their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Truist Financial increased their target price on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.29.

Williams Companies 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.