Choreo LLC Has $2.27 Million Stake in The Williams Companies, Inc. (NYSE:WMB)

Choreo LLC trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 14.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,984 shares of the pipeline company’s stock after selling 7,369 shares during the period. Choreo LLC’s holdings in Williams Companies were worth $2,274,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft grew its stake in Williams Companies by 3.3% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company’s stock worth $300,000 after buying an additional 180 shares in the last quarter. Albion Financial Group UT boosted its stake in shares of Williams Companies by 18.4% in the 4th quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock valued at $64,000 after purchasing an additional 184 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Williams Companies by 2.6% in the 3rd quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock valued at $357,000 after purchasing an additional 197 shares in the last quarter. Laurel Wealth Advisors LLC boosted its stake in shares of Williams Companies by 10.1% in the 4th quarter. Laurel Wealth Advisors LLC now owns 2,178 shares of the pipeline company’s stock valued at $118,000 after purchasing an additional 200 shares in the last quarter. Finally, Dearborn Partners LLC boosted its stake in shares of Williams Companies by 1.1% in the 3rd quarter. Dearborn Partners LLC now owns 18,111 shares of the pipeline company’s stock valued at $827,000 after purchasing an additional 201 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of research analyst reports. Truist Financial raised their price target on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. CIBC raised their price target 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. Royal Bank of Canada raised their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Barclays raised their price target on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Finally, UBS Group raised their price target on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $53.00.

Williams Companies Stock Performance

NYSE:WMB opened at $56.00 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $61.46. The company has a fifty day moving average of $56.00 and a 200-day moving average of $51.08. The firm has a market capitalization of $68.26 billion, a P/E ratio of 23.63, a P/E/G ratio of 5.01 and a beta of 1.05.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.57%. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. Williams Companies’s payout ratio is presently 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.