Pathstone Holdings LLC Has $7.47 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Pathstone Holdings LLC raised its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,013 shares of the pipeline company’s stock after buying an additional 390 shares during the period. Pathstone Holdings LLC’s holdings in Williams Companies were worth $7,469,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WMB. Norges Bank acquired a new stake in shares of Williams Companies in the 4th quarter valued at $575,103,000. Blackstone Inc. lifted its stake in shares of Williams Companies by 36.5% in the 4th quarter. Blackstone Inc. now owns 18,954,088 shares of the pipeline company’s stock valued at $1,025,795,000 after purchasing an additional 5,068,738 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Williams Companies by 2,303.2% in the 4th quarter. Marshall Wace LLP now owns 3,517,336 shares of the pipeline company’s stock valued at $190,358,000 after purchasing an additional 3,370,974 shares during the last quarter. Castle Hook Partners LP lifted its stake in shares of Williams Companies by 69.1% in the 4th quarter. Castle Hook Partners LP now owns 5,055,184 shares of the pipeline company’s stock valued at $273,587,000 after purchasing an additional 2,065,906 shares during the last quarter. Finally, Amundi lifted its stake in shares of Williams Companies by 28.8% in the 4th quarter. Amundi now owns 8,781,963 shares of the pipeline company’s stock valued at $495,215,000 after purchasing an additional 1,964,421 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WMB. Truist Financial lifted their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $63.00 price objective on shares of Williams Companies in a research note on Friday. Citigroup boosted their target price 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. CIBC boosted their target price 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. Finally, Wells Fargo & Company boosted their target price on shares of Williams Companies from $63.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $60.50.

Insider Transactions at Williams Companies

In related news, SVP Larry C. Larsen sold 8,000 shares of the company’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 sale, the senior vice president now owns 81,265 shares of the company’s stock, valued at $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 SEC, which is available through this hyperlink. Also, SVP Chad A. Teply sold 26,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the completion of the sale, the senior vice president now directly owns 133,048 shares in the company, valued at approximately $7,511,890.08. The trade was a 16.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,583 shares of company stock worth $7,563,278. 0.44% of the stock is currently owned by company insiders.

Williams Companies Stock Performance

NYSE:WMB opened at $58.77 on Friday. The firm’s 50-day moving average is $58.24 and its 200-day moving average is $56.87. The Williams Companies, Inc. has a 52-week low of $39.88 and a 52-week high of $61.67. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The company has a market cap of $71.66 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 5.01 and a beta of 0.66.

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

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, June 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.40%. Williams Companies’s payout ratio is 106.95%.

Williams Companies Company 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.