Portside Wealth Group LLC Reduces Stake in The Williams Companies, Inc. (NYSE:WMB)

Portside Wealth Group LLC lessened its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,678 shares of the pipeline company’s stock after selling 181 shares during the quarter. Portside Wealth Group LLC’s holdings in Williams Companies were worth $1,336,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group grew its position 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 worth $357,000 after buying an additional 197 shares during the last quarter. Laurel Wealth Advisors LLC raised its holdings in Williams Companies by 10.1% in the 4th quarter. Laurel Wealth Advisors LLC now owns 2,178 shares of the pipeline company’s stock worth $118,000 after purchasing an additional 200 shares in the last quarter. Dearborn Partners LLC raised its holdings in Williams Companies by 1.1% in the 3rd quarter. Dearborn Partners LLC now owns 18,111 shares of the pipeline company’s stock worth $827,000 after purchasing an additional 201 shares in the last quarter. Tidal Investments LLC raised its holdings in Williams Companies by 0.5% in the 3rd quarter. Tidal Investments LLC now owns 41,514 shares of the pipeline company’s stock worth $1,895,000 after purchasing an additional 207 shares in the last quarter. Finally, Pinnacle Family Advisors LLC boosted its position in Williams Companies by 3.3% during the 3rd quarter. Pinnacle Family Advisors LLC now owns 6,510 shares of the pipeline company’s stock valued at $297,000 after acquiring an additional 211 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the transaction, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Price Performance

NYSE WMB opened at $59.22 on Friday. The business’s fifty day moving average price is $56.13 and its 200-day moving average price is $49.71. The stock has a market capitalization of $72.19 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 5.36 and a beta of 1.06. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $60.36.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. On average, equities analysts predict that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were given a $0.475 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.21%. Williams Companies’s payout ratio is presently 80.17%.

Analyst Ratings Changes

Several research firms have weighed in on WMB. Barclays lifted their price objective on Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Truist Financial increased their price objective on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. CIBC boosted their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Citigroup boosted their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, UBS Group raised their price objective on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Williams Companies has an average rating of “Hold” and a consensus target price of $53.00.

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.