Golden State Equity Partners Decreases Stake in The Williams Companies, Inc. (NYSE:WMB)

Golden State Equity Partners reduced its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 15.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,754 shares of the pipeline company’s stock after selling 3,163 shares during the period. Golden State Equity Partners’ holdings in Williams Companies were worth $584,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Rheos Capital Works Inc. boosted its position in shares of Williams Companies by 59.0% during the 4th quarter. Rheos Capital Works Inc. now owns 660,000 shares of the pipeline company’s stock worth $22,988,000 after purchasing an additional 245,000 shares in the last quarter. Autumn Glory Partners LLC boosted its position in shares of Williams Companies by 28.1% during the 3rd quarter. Autumn Glory Partners LLC now owns 107,609 shares of the pipeline company’s stock worth $3,625,000 after purchasing an additional 23,579 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Williams Companies by 35.1% during the 3rd quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock worth $321,867,000 after purchasing an additional 2,482,331 shares in the last quarter. Bahl & Gaynor Inc. boosted its position in shares of Williams Companies by 45.3% in the 3rd quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company’s stock worth $220,506,000 after buying an additional 2,040,993 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Williams Companies by 3,338.2% in the 4th quarter. International Assets Investment Management LLC now owns 352,104 shares of the pipeline company’s stock worth $12,264,000 after buying an additional 341,863 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on WMB. Truist Financial boosted their price objective on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. UBS Group boosted their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Wolfe Research reiterated an “underperform” rating and issued a $34.00 price objective on shares of Williams Companies in a research report on Thursday, April 18th. Finally, Barclays boosted their price objective on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Williams Companies presently has an average rating of “Hold” and an average price target of $39.22.

Williams Companies Trading Down 0.5 %

NYSE:WMB traded down $0.19 on Friday, reaching $39.26. The stock had a trading volume of 5,723,399 shares, compared to its average volume of 6,256,537. The company has a market cap of $47.84 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 6.17 and a beta of 1.05. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73. The firm’s fifty day moving average is $37.45 and its two-hundred day moving average is $35.88. The Williams Companies, Inc. has a 12-month low of $28.27 and a 12-month high of $39.76.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. During the same quarter in the prior year, the company posted $0.53 earnings per share. Equities analysts expect that The Williams Companies, Inc. will post 1.83 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.84%. Williams Companies’s dividend payout ratio (DPR) is 72.52%.

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.