Cbre Investment Management Listed Real Assets LLC Sells 4,817 Shares of The Williams Companies, Inc. (NYSE:WMB)

Cbre Investment Management Listed Real Assets LLC decreased its stake in shares of The Williams Companies, Inc. (NYSE:WMBFree Report) by 12.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,194 shares of the pipeline company’s stock after selling 4,817 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Williams Companies were worth $1,226,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP bought a new stake in Williams Companies during the 4th quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Williams Companies in the 4th quarter valued at about $26,000. CGC Financial Services LLC bought a new stake in shares of Williams Companies in the 4th quarter valued at about $35,000. CVA Family Office LLC bought a new stake in shares of Williams Companies in the 4th quarter valued at about $52,000. Finally, Salem Investment Counselors Inc. raised its holdings in shares of Williams Companies by 121.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,658 shares of the pipeline company’s stock valued at $58,000 after purchasing an additional 908 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

NYSE:WMB traded up $0.87 during trading hours on Friday, reaching $41.51. 9,789,500 shares of the company were exchanged, compared to its average volume of 5,491,837. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The stock’s 50-day moving average is $39.33 and its 200-day moving average is $36.75. The firm has a market cap of $50.59 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 6.54 and a beta of 1.05. The Williams Companies, Inc. has a twelve month low of $28.27 and a twelve month high of $41.89.

Williams Companies (NYSE:WMBGet Free Report) last released its earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. On average, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.85 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Friday, June 7th. Williams Companies’s payout ratio is 79.83%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Barclays lifted 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. Wells Fargo & Company lifted 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 Friday, May 10th. Wolfe Research reaffirmed an “underperform” rating and issued a $34.00 price objective on shares of Williams Companies in a research report on Thursday, April 18th. UBS Group lifted 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. Finally, Truist Financial boosted their target price 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.73.

Check Out Our Latest Analysis on Williams Companies

Insider Activity at Williams Companies

In related news, SVP Debbie L. Pickle sold 38,200 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $39.61, for a total value of $1,513,102.00. Following the completion of the sale, the senior vice president now owns 60,410 shares of the company’s stock, valued at $2,392,840.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is currently owned by insiders.

Williams Companies Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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