The Williams Companies, Inc. (NYSE:WMB) is Chickasaw Capital Management LLC’s 10th Largest Position

Chickasaw Capital Management LLC cut its stake in The Williams Companies, Inc. (NYSE:WMB) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,036,426 shares of the pipeline company’s stock after selling 61,515 shares during the quarter. Williams Companies makes up 4.5% of Chickasaw Capital Management LLC’s portfolio, making the stock its 10th biggest holding. Chickasaw Capital Management LLC owned 0.17% of Williams Companies worth $110,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of Williams Companies during the 3rd quarter worth $30,000. Rosenberg Matthew Hamilton lifted its position in shares of Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after buying an additional 252 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Williams Companies during the 2nd quarter worth about $34,000. Quarry LP acquired a new position in shares of Williams Companies during the 2nd quarter valued at about $35,000. Finally, FSA Wealth Management LLC acquired a new stake in Williams Companies in the 3rd quarter worth approximately $38,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Trading Down 0.7 %

Williams Companies stock traded down $0.38 during midday trading on Tuesday, hitting $55.43. 2,836,145 shares of the stock were exchanged, compared to its average volume of 5,204,132. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $60.36. 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 stock has a market capitalization of $67.57 billion, a PE ratio of 23.39, a P/E/G ratio of 5.60 and a beta of 1.06. The company has a fifty day simple moving average of $55.46 and a two-hundred day simple moving average of $48.88.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $2.65 billion for 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 firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. Equities research analysts anticipate that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Friday, December 13th. Williams Companies’s payout ratio is presently 80.17%.

Analyst Ratings Changes

WMB has been the topic of a number of recent analyst reports. CIBC lifted their price target on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. UBS Group upped their price target on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 15th. The Goldman Sachs Group boosted their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Truist Financial lifted their price target on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Finally, Bank of America started coverage on shares of Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Williams Companies has a consensus rating of “Hold” and a consensus target price of $52.07.

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 that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the transaction, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.44% of the company’s stock.

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.