Eagle Global Advisors LLC Has $37.96 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Eagle Global Advisors LLC reduced its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 701,309 shares of the pipeline company’s stock after selling 123,038 shares during the quarter. Williams Companies accounts for 1.6% of Eagle Global Advisors LLC’s holdings, making the stock its 17th biggest holding. Eagle Global Advisors LLC owned approximately 0.06% of Williams Companies worth $37,955,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Williams Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 130,356,165 shares of the pipeline company’s stock worth $7,054,876,000 after purchasing an additional 1,008,213 shares in the last quarter. Geode Capital Management LLC raised its holdings in Williams Companies by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 31,263,235 shares of the pipeline company’s stock valued at $1,687,797,000 after buying an additional 540,533 shares during the last quarter. Blackstone Inc. boosted its position in Williams Companies by 36.5% during the 4th quarter. Blackstone Inc. now owns 18,954,088 shares of the pipeline company’s stock worth $1,025,795,000 after buying an additional 5,068,738 shares during the period. Northern Trust Corp increased its position in Williams Companies by 12.5% in the 4th quarter. Northern Trust Corp now owns 15,236,940 shares of the pipeline company’s stock valued at $824,623,000 after acquiring an additional 1,696,618 shares during the period. Finally, Norges Bank bought a new stake in shares of Williams Companies in the fourth quarter worth $575,103,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the subject of a number of analyst reports. Barclays raised their price objective on Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. CIBC increased their price objective on shares of Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 4th. Truist Financial boosted their target price on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Scotiabank boosted their price objective on Williams Companies from $51.00 to $53.00 and gave the company a “sector perform” rating in a research note on Thursday, March 6th. Finally, Citigroup raised their price objective on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Williams Companies has a consensus rating of “Moderate Buy” and an average target price of $57.77.

Williams Companies Price Performance

Williams Companies stock opened at $58.65 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The business has a 50-day simple moving average of $57.89 and a 200 day simple moving average of $56.58. The stock has a market cap of $71.52 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 5.01 and a beta of 0.66. The Williams Companies, Inc. has a 52 week low of $38.76 and a 52 week high of $61.67.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. Williams Companies’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. On average, research analysts forecast that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies’s dividend payout ratio is presently 109.29%.

Insider Buying and Selling

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total value of $455,520.00. Following the transaction, the senior vice president now owns 81,265 shares in the company, valued at approximately $4,627,229.10. The trade was a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Chad A. Teply sold 26,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the transaction, the senior vice president now directly owns 133,048 shares of the company’s stock, valued at $7,511,890.08. The trade was a 16.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,583 shares of company stock worth $7,563,278 in the last ninety days. 0.44% of the stock is owned by insiders.

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.