Portside Wealth Group LLC Decreases Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Portside Wealth Group LLC reduced its holdings in The Williams Companies, Inc. (NYSE:WMB) by 0.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,678 shares of the pipeline company’s stock after selling 181 shares during the period. Portside Wealth Group LLC’s holdings in Williams Companies were worth $1,336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Wealth Alliance Advisory Group LLC grew its position in Williams Companies by 1.2% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 74,009 shares of the pipeline company’s stock worth $4,005,000 after acquiring an additional 900 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in Williams Companies by 12.2% during the 4th quarter. Ameritas Advisory Services LLC now owns 7,761 shares of the pipeline company’s stock valued at $420,000 after buying an additional 841 shares during the period. HB Wealth Management LLC lifted its position in Williams Companies by 18.3% in the fourth quarter. HB Wealth Management LLC now owns 44,045 shares of the pipeline company’s stock worth $2,384,000 after buying an additional 6,804 shares during the last quarter. Lake Street Private Wealth LLC boosted its stake in Williams Companies by 8.4% during the fourth quarter. Lake Street Private Wealth LLC now owns 10,852 shares of the pipeline company’s stock worth $587,000 after buying an additional 844 shares during the period. Finally, O Keefe Stevens Advisory Inc. increased its position in Williams Companies by 31.2% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 13,910 shares of the pipeline company’s stock valued at $753,000 after acquiring an additional 3,307 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Insider Transactions at Williams Companies

In other Williams Companies 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 sale, the chief accounting officer now 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $59.22 on Friday. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $60.36. The company has a market capitalization of $72.19 billion, a PE ratio of 24.99, a P/E/G ratio of 5.36 and a beta of 1.06. 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 company has a 50-day simple moving average of $56.13 and a two-hundred day simple moving average of $49.71.

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

Williams Companies Dividend Announcement

The firm 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 annualized dividend and a yield of 3.21%. The ex-dividend date was Friday, December 13th. Williams Companies’s dividend payout ratio is currently 80.17%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays upped their price target on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $52.00 to $58.00 in a report on Friday, October 4th. Mizuho boosted their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Truist Financial increased their target price on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.