The Williams Companies, Inc. (NYSE:WMB) Shares Sold by CapWealth Advisors LLC

CapWealth Advisors LLC reduced its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 817,201 shares of the pipeline company’s stock after selling 32,168 shares during the period. Williams Companies makes up about 4.8% of CapWealth Advisors LLC’s investment portfolio, making the stock its 2nd largest position. CapWealth Advisors LLC owned approximately 0.07% of Williams Companies worth $44,227,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMB. BXM Wealth LLC acquired a new stake in shares of Williams Companies during the fourth quarter worth $321,000. Myriad Asset Management US LP purchased a new position in shares of Williams Companies in the fourth quarter worth approximately $995,000. ABC Arbitrage SA acquired a new stake in shares of Williams Companies during the fourth quarter valued at approximately $3,739,000. V Square Quantitative Management LLC lifted its position in shares of Williams Companies by 1.4% in the 4th quarter. V Square Quantitative Management LLC now owns 23,160 shares of the pipeline company’s stock valued at $1,253,000 after acquiring an additional 331 shares in the last quarter. Finally, DT Investment Partners LLC grew its position in Williams Companies by 32.8% during the 4th quarter. DT Investment Partners LLC now owns 890 shares of the pipeline company’s stock worth $48,000 after purchasing an additional 220 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WMB has been the subject of several recent analyst reports. UBS Group raised their target price on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Scotiabank reaffirmed a “sector perform” rating and set a $51.00 target price on shares of Williams Companies in a research note on Friday, January 10th. Truist Financial increased their price target on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday. CIBC upped their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, 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. 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 company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $53.29.

Williams Companies Price Performance

NYSE WMB opened at $57.00 on Friday. The company has a market cap of $69.48 billion, a P/E ratio of 24.05, a P/E/G ratio of 5.06 and a beta of 1.04. The Williams Companies, Inc. has a 1 year low of $33.03 and a 1 year high of $61.46. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The company has a fifty day simple moving average of $55.85 and a 200 day simple moving average of $51.55.

Williams Companies (NYSE:WMB) last issued 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 15.89% and a net margin of 27.36%. On average, sell-side analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.50 dividend. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 annualized dividend and a yield of 3.51%. Williams Companies’s dividend payout ratio is 80.17%.

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.