Legacy Capital Wealth Partners LLC Has $1.02 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Legacy Capital Wealth Partners LLC lessened its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,371 shares of the pipeline company’s stock after selling 2,313 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Williams Companies were worth $1,023,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Wellington Management Group LLP increased its holdings in Williams Companies by 35.1% in the third quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock valued at $321,867,000 after purchasing an additional 2,482,331 shares during the last quarter. Bahl & Gaynor Inc. increased its holdings in Williams Companies by 45.3% in the third quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company’s stock valued at $220,506,000 after purchasing an additional 2,040,993 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Williams Companies by 55.1% in the third quarter. Envestnet Asset Management Inc. now owns 4,900,745 shares of the pipeline company’s stock valued at $165,106,000 after purchasing an additional 1,740,677 shares during the last quarter. Jennison Associates LLC increased its holdings in Williams Companies by 69.2% in the fourth quarter. Jennison Associates LLC now owns 4,105,754 shares of the pipeline company’s stock valued at $143,003,000 after purchasing an additional 1,679,452 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its holdings in shares of Williams Companies by 292.5% in the third quarter. Epoch Investment Partners Inc. now owns 1,712,038 shares of the pipeline company’s stock worth $57,679,000 after acquiring an additional 1,275,872 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Performance

NYSE:WMB traded down $0.19 during mid-day trading on Friday, hitting $39.26. 5,723,399 shares of the stock were exchanged, compared to its average volume of 6,256,537. The firm’s 50-day simple moving average is $37.45 and its 200 day simple moving average is $35.89. The Williams Companies, Inc. has a fifty-two week low of $28.27 and a fifty-two week high of $39.76. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77. The stock has a market capitalization of $47.84 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 6.14 and a beta of 1.05.

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

Williams Companies Announces Dividend

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

Wall Street Analyst Weigh In

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

About Williams Companies

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.