The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 641,170 shares of the pipeline company’s stock after selling 12,996 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Williams Companies were worth $34,700,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WMB. Quent Capital LLC acquired a new stake in shares of Williams Companies during the fourth quarter worth about $25,000. AlphaMark Advisors LLC acquired a new stake in shares of Williams Companies during the fourth quarter worth about $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Williams Companies during the third quarter worth about $30,000. Financial Life Planners purchased a new position in Williams Companies during the fourth quarter worth about $30,000. Finally, SOA Wealth Advisors LLC. purchased a new position in Williams Companies during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on WMB shares. Mizuho increased 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 Monday, November 4th. 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 report on Friday. The Goldman Sachs Group increased their price target on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Scotiabank reissued a “sector perform” rating and set a $51.00 price target on shares of Williams Companies in a report on Friday, January 10th. Finally, UBS Group increased their price target on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $53.29.

Williams Companies Stock Down 0.8 %

WMB stock opened at $57.00 on Friday. The company’s 50 day simple moving average is $55.85 and its 200-day simple moving average is $51.55. The firm has a market capitalization of $69.48 billion, a PE ratio of 24.05, a P/E/G ratio of 5.06 and a beta of 1.04. The Williams Companies, Inc. has a 12 month low of $33.03 and a 12 month high of $61.46. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. Equities analysts expect that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

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

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.